Schutz tied temporal coordination to shared space, which global electronic trading severs.

Evidence

In basing his we relationship in a community of time and putting aside the question of understanding other minds, Schutz did not, however, also put spatial immediacy aside. For Schutz, sharing the same segment of time implied the genuine simultaneity of participants’ streams of consciousness only if they shared a common space—the space that afforded them the possibility of partaking in the “step-by-step constitution” of experience of an unfolding event (Schutz 1964, p. 34). Schutz evidently made no distinction between spatial immediacy and the possibility of paying attention to the same event. This distinction is, however, a crucial one when events mediated by electronic transmissions can be witnessed in real time worldwide without participants’ sharing of a common space. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 68

Categorization

  • XREF: connects to: Global traders form communities of time by observing a shared screen object — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 60; Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 141; Global markets form communities of time bound by a common observed screen object. (+4 more)

Broader Connections