The world financial market is mirrored in the world art market, thrown open by the end of modernism and its Eurocentric canon of masterworks, along with the implicit or explicit teleology that informed it.
think of postmodern futurities as compensations for a present time paralysed in its protentions and retentions (to use Husserl’s language)
heard of this guy before but never bothered to look him up
Marx’s fateful term, subsumption. Subsumption means turning heterogeneities into homogeneities, subsuming them under abstractions (which are by definition idealisms), standardizing the multiplicity of the world and making it into that terrible thing that was to have been avoided at all costs, namely the One as such.
if the derivative shares this philosophical peculiarity with all forms of credit, it nonetheless represents something like a dialectical leap from quantity to quality
something with a stable structure and a juridical status
