Freeman

IN BRIEF

Facebook "Virtual Currency" Good for Advocacy

DECEMBER 10, 2009

“Health insurance industry trade groups opposed to President Obama’s health care reform bill are paying Facebook users fake money — called “virtual currency” — to send letters to Congress protesting the bill … Facebook users play a social game, like ‘FarmVille’ or ‘Friends For Sale.’ They get addicted to it. Eager to accelerate their progress inside the game, the gamers buy ‘virtual goods’ such as a machine gun for ‘Mafia Wars.’ But these gamers don’t buy these virtual goods with real money. They use virtual currency.” (Business Insider, Wednesday)

How bad does inflation have to be before ‘Facebook currency’ becomes accepted tender?

FEE Timely Classic:
The Great German Inflation” by Bruce Bartlett

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For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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