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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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On the one hand, the financial sector is incredibly creative. Some of the finest and most refined minds of each successive generation are cherry-picked from elite universities hedge-funds, investment banks and their institutional periphery to dream up ever more rapid, cunning and diabolical ways to make money out of money. The development of new derivative financial products, new avenues of inter-market arbitrage, new revenue streams to capitalize, new technologies of high-frequency trading and new ways of reading, visualizing and interpreting the market have seduced not only the graduates of elite business programs, but also PhDs in fluid dynamics, astrophysics, cellular biology and computer engineering. To be sure, the vast majority of what goes on in the financial sector is deeply uncreative (endless number-crunching and paper-pushing, scrupulous research on economic sectors and investments, meticulous computer programming, hectic digital trading and ruthless power-brokering). Taken as a whole, however, the financial sector is a staggering reactor of human creativity, a playground of the mind where the unfathomable pressure of intense competition creates a remorseless ecosystem of constrained innovation, which, no less strange than the uncanny depths of the ocean, is populated with monsters at the very limits of the imagination

Still, for all that intelligence and innovation, the sector mostly produces immaterial financial assets or metaphoric wealth – in other words, practically nothing of tangible or lasting value. From one angle, in fact, it destroys value: liquidating public assets by privatizing services, foreclosing on homes and businesses, and imposing austerity measures that funnel social wealth upwards to an apparently lawless global oligarchy. Financial forces also superintend a global economic system that is characterized by a massively unfair global division of creative labour, where creative opportunities are reserved for a fraction of the world’s population (mostly in Northern cities). The remainder spend longer days and shorter lives in fields, factories and kitchens, with little opportunity to practise creativity and even less to have it recognized or valued. Most of the wealth “created” by the financial sector is, in a sense, derivative – it derives its value as a reflection or means of representing real-world labour and wealth. Finance, at least at first blush, appears to be a glitzy simulacrum of value that nonetheless disciplines and (dis)orients the economic and social world. In this sense, finance is, a form of class war, which synthesizes, aggregates and puts to work the creativity of the financial “industry” in the interests of perpetuating and, indeed, more deeply entrenching reigning inequalities and forms of exploitation.

again extremely relevant to tech!

—p.130 Creativity: Parables of the Financialized Imagination (130) by Max Haiven 5 years, 2 months ago