Understanding Media: The Extensions of Man

by Marshall McLuhan

Like any other medium, it is a staple, a natural resource. As an outward and visible form of the urge to change and to exchange, it is a corporate image, depending on society for its institutional status. Apart from communal participation, money is meaningless, as Robinson Crusoe discovered when he found the coins in the wrecked ship: I smiled to myself at the sight of this money. “O drug!” said I aloud, “What are thou good for? Thou art not worth to me—no, not the taking off the ground: one of those knives is worth all this heap: I have no manner of use for thee; e’en remain where thou art and, go to the bottom, as a creature whose life is not worth saving.” However, upon second thoughts, I took it away; and wrapping it all in a piece of canvas, I began to think of making another raft … Primitive commodity money, like the magical words of nonliterate society, can be a storehouse of power, and has often become the occasion of feverish economic activity. The natives of the South Seas, when they are so engaged, seek no economic advantage. Furious application to production may be followed by deliberate destruction of the products in order to achieve moral prestige. Even in these “potlatch” cultures, however, the effect of the currencies was to expedite and to accelerate human energies in a way that had become universal in the ancient world with the technology of the phonetic alphabet. Money, like writing, has the power to specialize and to rechannel human energies and to sepa...