Jamal Awil

← Cultures of Financialization

But, further (and this is crucial). [fact]

But, further (and this is crucial), financialization also means a moment when the financial system, and the capitalist economy of which it is a part, is dependent on and invested in the ideologies, practices and fictions of daily life as never before. In a moment characterized by ubiquitous debt, escalating consumerism and political quietism (or, worse, reactionism), and by a highly volatile financialized economy, the realms of culture and ideology can no longer be said to be merely the superstructure of a "real" economic base.

Max Haiven, Cultures of Financialization, loc. 61