Foucault’s later work is renowned for thinking Greek notions of the “care of the self” that can seem quietistic in terms of wider political action
My attempt here is not to explore or adjudicate what forms effective resistance to finance might take
it was precisely the emptiness of the term “creative” that drew the umbrage of several critics
the palimpsest of cultural meanings that preoccupy the way we imagine housing and security.
all of this commodification and agency occurs under the aegis of a system dominated by financial flows and speculations
popular culture shapes the dialogic relationship between structure and agency
Today, capitalism as a cultural force is far more versatile, variegated and pluralistic
this semi-ludic approach to risk management has dramatic and grave consequences
biopolitics, which he saw as reaching a new apogee in the emergence of a neoliberalism that increasingly subordinated social institutions to market imperatives in the name of freedom, democracy and individual rights
securitization is not merely the lingua franca of contemporary finance; it is also the biopolitical imperative of financialization.
we can understand “fictitious capital” writ large as the way capital spins a crucial social fiction about the nature of the world.
So, we can understand financialization as a terrain of struggle and friction between different spheres and cycles of reproduction: the reproduction of capital writ large
The reason why the idea of fictitious capital is useful is because it draws our attention to the way that finance foments and depends on the production of social fictions.
The gap between the two is a productive lacuna in Marx’s work which allows us to pinpoint a key element of capitalist crisis
between real value and price, due to the preponderance of finance
financiers internalize a culture of risk management and are guided by an imagined relation to a highly circumscribed future.
Financialization both foments and relies upon discursive and material formations such as precariousness, security, play, creativity and resistance.
the internecine and corrupt entanglements of major investment banks, hedge funds and shadowy para-financial firms,
it would be impossible because I had no background, or I had a very exiguous background in finance