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7 years, 8 months ago

financialization as an ideological process

[...] Louis Althusser (2014) spoke of ideology as an imaginary relationship to the realities in which we live, a false cohesive worldview that covers over the inherently partial, fractured and contradictory nature of our consciousness. In this sense, ideology is not some passively received, generic…

—p.13 Cultures of Financialization: Fictitious Capital in Popular Culture and Everyday Life Introduction: Cultures of Financialization (1) by Max Haiven
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7 years, 8 months ago

fomenting

Financialization both foments and relies upon discursive and material formations such as precariousness, security, play, creativity and resistance.

—p.11 Introduction: Cultures of Financialization (1) by Max Haiven
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7 years, 8 months ago

financial wealth may be largely fictitious

[...] we take up Marx’s (1981, 594–652) notion of fictitious capital in a way he probably did not fully intend it: capital’s reproduction depends on and transforms the social fictions that animate society. Financial wealth may be largely “fictitious,” but that does not make it any less “real”: as…

—p.6 Introduction: Cultures of Financialization (1) by Max Haiven
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7 years, 8 months ago

there is no one steering the ship

Perhaps the most terrifying feature of financialization is that there is no one steering the ship; there is no grand conspiracy, though its operations do depend on lesser conspiracies. Rather, I want to understand financialization as a means by which social agency (at both the highest echelons of t…

—p.5 Introduction: Cultures of Financialization (1) by Max Haiven
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7 years, 8 months ago

an unaccountable form of global economic planning

[...] Not only does finance measure and profit by speculation on the fundamentals of economic life; it also helps shape and discipline the reality of production and circulation. [...] financialization essentially represents an unaccountable form of global economic planning, yet one with no broad go…

—p.3 Introduction: Cultures of Financialization (1) by Max Haiven