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5 years, 8 months ago

a small-time agent of capitalist accumulation

[...] From the false freedom of the "gig economy to the sabotaged charity of subprime and microfinance loans, capitalism's contemporary logic is to, in a profoundly destructive way, make each and every human into not only a source of exploitable labor power but a small-time agent of capitalist accu…

—p.178 Revenge Capitalism: The Ghosts of Empire, the Demons of Capital, and the Settling of Unpayable Debts Conclusion: Revenge fantasy or avenging imaginary? (177) by Max Haiven
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5 years, 8 months ago

coterminous

the particular period in which we live, since roughly the mid-1970s, coterminous with neoliberalism, financialization, and capitalist globalization

—p.177 Conclusion: Revenge fantasy or avenging imaginary? (177) by Max Haiven
notable
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5 years, 8 months ago

obscuration of its own ontological truth

At the very core of the investor ethos at the core of financialization is a dead zone because it is predicated on a kind of obscuration of its own ontological truth: the investor-self imagines that its wealth, success, and autonomy comes [...] from individual competition, self-maximization, perseve…

—p.174 The dead zone: Financialized nihilism, toxic wealth, and vindictive technologies (148) by Max Haiven
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5 years, 8 months ago

they represent the cream of humanity

[...] the elevation of capitalists [...] to the most prestigious positions in the arts or government solidifies the illusion that they represent the cream of humanity. [...] anything good or whole or real about us is dependent on them and their intentional or unintentional largesse. [...] For all t…

—p.170 The dead zone: Financialized nihilism, toxic wealth, and vindictive technologies (148) by Max Haiven
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5 years, 8 months ago

sacrifice zones

[...] Extractive industries are, by definition, temporary. When the resource being exploited runs out, or when it proves no longer profitable to continue the exploitation, the man camp is shuttered and the local community is left with a radically transformed economic and social landscape: a wastela…

—p.161 The dead zone: Financialized nihilism, toxic wealth, and vindictive technologies (148) by Max Haiven