資訊社會中的金融危機：論產業連動風險與社會信任危機

Financial Crisis in the Information Society: Cross-industrial Linked Risks and Social-trust Crisis

本文透過全球金融風暴相關背景之描述，分析資訊社會中的兩大挑戰：產業連動風險與社會信任危機，並嘗試提出若干社會學的反省。主要論點有三：一、金融資本主義中的資本部門與資訊科技產業間具有高度依存特性，且相互影響日益深化；台灣的資訊科技產業占股市比重過高必將增加產業連動風險，並為科技產業帶來極大的不穩定因素。二、隨著資訊科技技術發展，資訊網絡已將全球金融市場連成一體，也因此使得區域性金融問題透過高度的市場連動而演變成全球性的金融危機。但過量的訊息非但無助於風險的控制，反而增加了訊息本身的不透明性。三、金融危機的骨牌效應之所以持續擴散，與資訊社會中的不完全訊息市場有關，以致於金融危機日益具有自我應驗(self-fulfilling)性質。又因為社會信心機制與金融風險之間的線性關聯並不明確，市場信心易受醜聞和謠言影響。最後，本文嘗試指出：面對金融危機時，對交易制度的要求與市場的控制，最終有賴於某種社會秩序的再確認過程。

This article focused on inner relations between the global financial crisis 2008 and information society. It consists of three main arguments: (1) With the rise of information service industry, the new forms of messagetransformation have made a fundamental impact on world economy and challenged the linear concept of "risk". (2) The mutual influence (or interdependence) between financial sector and IT industries keeps deepening through the capital market, wherein the regional financial crisis could be degenerated toward a global economic panic by a high degree of industry-linked risk. (3) In an incomplete information market, the linear connection between confidence mechanisms and financial risks is not clear. The uncertainty makes it easier for people to accept the rumors, while the later reinforces the market panic. Face to the new economic deflation, the nonlinear-based analytical models could be helpful to grasp the forms of financial crisis as well as the industry-linked risk.