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/leftypol/ - Leftist Politically Incorrect

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File: 1641446235904.jpg (67.24 KB, 600x928, gorilla.jpg)

 No.677292

What the hell is this meme term and what is actually going on that people are trying to describe? Clout isn't material wealth that accumulates the way capital does, although it can "accumulate" in a sense (people using their social position to leverage themselves into a better one). It's essentially information about social relationships and value judgements. So how does that factor into the larger economic picture? Are there any good texts on this?

 No.677294

https://home.iitk.ac.in/~amman/soc748/bourdieu_forms_of_capital.pdf
>social capital, made up of social obligations (“connections”), which is convertible, in certain conditions, into economic capital and may be institutionalized in the form of a title of nobility.

 No.677333

I see it as a basic extension of Marx's notion that capitalism seeks to exploit all possible markets or even create those which are unnecessary. Human capital. Social capital. Intellectual capital. Poo capital. It doesn't matter. If it can make a buck off of it, it will marketize it.

Although I would say that there is no objective definition to what defines what constitutes capital so long as it passes a few basic criteria. Accumulation is a given. You need to stack coins or some other entity. Appreciation of value is also a trait. Whatever you collect and store as capital must increase in value over time, for it to be capital. Ownness: what is capital must be possessed exclusively. Nobody else can have a taste. Finiteness: capital only has meaning insofar as it is scarce. Otherwise everyone has it, which makes it valueless.

Social capital is essentially social status, which arguably reduces to differential distributions of attention in the social network. If people pay more attention to you you have more social capital. Attentional economics is an example of such capitalistic absurdities. As if we really have to go down this rabbit hole to solve our problems!

 No.677620

read bourdieu

 No.677623

Isn't social capital just your network? Aka who you know, who will do you favours, aka nepotism?


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