Monday, March 19, 2007

Disjuncture and Difference

The virtual flow of information enables the "deterritorialization" of groupings Arjun Appadurai speaks of. The fact that it is so readily accessible for investors in Japan to "buy up" Los Angelos determines the blur between territorial ownership and national boundaries. Does this accessibility for foreign countries to take partial ownership of other nations devalue a nations solidity? For if buyers in foreign countries take partial ownership of businesses out of their home nation, do they reside their best interest in that nation, or in their home nation alone? Is the integrity of a nation's economy at risk when it is slowly being taken over by an outsider?
For instance, the Bay, the historical fur trading company that was alive longer than Winnipeg itself was bought out by a company in the United States. Firstly, what does this say about Canada's values to preserve our heritage? Secondly, is it in the best interest of the American company to continue the success of the Hudson's Bay Company for Canadian history's sake? Of course not. The worldly disjunction between the owned and the owner creates determental affects to a nations society, not just in terms of its economy, but its self-esteem.

No comments: