Method of Trading
Kula valuables never remain for long in the hands of the recipients; rather, they must be passed on to other partners within a certain amount of time, thus constantly circling around the ring. However, even temporary possession brings prestige and status. Important chiefs can have hundreds of partners while less significant participants may only have fewer than a dozen (Malinowski, 1920:98). Even though the vast majority of items that Kula participants have at any given time are not theirs and will be passed on, Damon (1980:281) notes that e.g. amongst the Muyuw all Kula objects are someone's kitoum, meaning they are owned by that person (or by a group). The person owning a valuable as kitoum has full rights of ownership over it: he can keep it, sell it or even destroy it. The Kula valuable or an equivalent item must be returned to the person who owns it as kitoum. The most important Muyuw men for example own between three to seven Kula valuables as kitoum while others do not own any. The fact that at least in theory all such valuables are someone's kitoum adds a sense of responsibility to the way they are handled, reminding the recipient that he is only a steward of somebody else's possession. The ownership of a particular valuable is, however, often not known. Kula valuables can be exchanged as kitoum in a direct exchange between two partners, thus fully transferring the rights of ownership.
Read more about this topic: Kula Ring
Famous quotes containing the words method of, method and/or trading:
“The method of painting is the natural growth out of a need. I want to express my feelings rather than illustrate them. Technique is just a means of arriving at a statement.... I can control the flow of paint: there is no accident, just as there is no beginning and no end.”
—Jackson Pollock (19121956)
“Women stand related to beautiful nature around us, and the enamoured youth mixes their form with moon and stars, with woods and waters, and the pomp of summer. They heal us of awkwardness by their words and looks. We observe their intellectual influence on the most serious student. They refine and clear his mind: teach him to put a pleasing method into what is dry and difficult.”
—Ralph Waldo Emerson (18031882)
“His farm was grounds, and not a farm at all;
His house among the local sheds and shanties
Rose like a factors at a trading station.”
—Robert Frost (18741963)