GLOBALIZATION: INFORMATION TECHNOLOGY AND CULTURE WITHIN THE SPACE ECONOMY OF LATE CAPITALISM

Abstract

This article analyses the process of globalization from the perspective of a 'political economy of space' where the interactions of the processes of capitalist accumulation within contexts of geographic and social space has profound shaping effects upon the nature of politics, economics and society more generally. The argument will show that contemporary globalization has two dimensions: outward into geographic space, and inward into culture and society. The focus then moves to culture and information technology within the space economy of late capitalism and argues that a crisis of finite geographic space has led to the deepening of the commodificationary processes of capitalist accumulation into the 'identity-spaces' of culture and society. For hugely popular 'cyber-gurus' such as Howard Rheingold and Myron W . Krueger, the development of information technologies such as the Internet-derived 'virtual communities' are spaces where new forms of democracy and 'being' can emerge. This article argues that 'cyberspace' and 'virtual communities' are deeply dystopic and alienated spaces, and cyber-Utopian dreams of other, possible worlds made virtual through information technology are at best naive, when it is realised that the information revolution that evolved from the processes of a particular type of globalization, has conceived and developed technologies with primarily profit, productivity, surveillance labour-saving and escapism in mind.

Keywords:

• Globalization
• Information Technology
• Accumulation
• Commodification
• Identity
• Culture