Primitive commodity money, like the magical words of non-literate 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 separate functions, just as it translates and reduces one kind of work to another. Even in the electronic age it has lost none of this power. Potlatch is very widespread, especially where there is