Abstract

Changes in the amount, structure and composition of the information factors point to future changes in a society. This makes it possible to formulate a hypothesis or a law of information impact on a society: increase of information speeds social development, and vice versa, a decrease of information inhibits it. A consequence of what can be called a sociological law of information is that an index of increase/decrease of the amount of information points to the changing direction of social developments, and especially to the turning points in seemingly stable trends. In this article, the above-mentioned conclusion is discussed on the basis of socio-political and financial and economic data.

Highlights

  • The preservation of the volume of information or the size of the information space does not mean that there was no change in the amount of information available

  • As soon as banks go into liquidation, and it becomes meaningless to these to position themselves in the financial information space, their participation turns into a burden for information space because these create data smog that replaces the actual information

  • During the course of 1998 the flow of information was slowly drying up, and that flowing from the Central bank to the bank system, and the flows of information generated within the financial market, namely, in the segments of the state short-term bonds and inter-bank loans

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Summary

Introduction

The preservation of the volume of information or the size of the information space does not mean that there was no change in the amount of information available. Each side sees the information provided by mass media as false and this leads to mounting risks of dangerous social and political instability.

Results
Conclusion
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