Today, as the new vortices of power are shaped by the instant electric interdependence of all men on this planet, the visual factor in social organization and in personal experience recedes, and money begins to be less and less a means of storing or exchanging work and skill. Automation, which is electronic, does not represent physical work so much as programmed knowledge. As work is replaced by the sheer movement of information, money as a store of work merges with the informational forms of credit and credit card. From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself.
Understanding Media (1964) MIT/Routledge edition, p 137
Year: 1964
Chapter:
Money
Compiled by William Kuhns
© 2026, The Estate of Marshall McLuhan
© 2026, The Estate of Marshall McLuhan