Jamal Awil

← Cultures of Financialization

Consider the “performative” dimensions of finance capital. [fact]

Consider, for instance, the culture of mutually reinforcing belief and credulity (explored in earlier chapters) that is reproduced in the financial sector’s various interlinked institutional environments, from hedge funds and investment banks to government regulatory offices and the financial press. Consider the “performative” dimensions of finance capital, from the preemptory role of financial instruments in shaping (not just reading) financial markets to the speech acts of CEOs and central bank chiefs. Consider the ways in which financial value of relies not only on the culture of particular organizations, but also on the broader field of sociocultural understandings, and how “metaphoric wealth” helps shape and transform the understandings and the negotiations of value in society at large (see Chapter 1).

Max Haiven, Cultures of Financialization, loc. 401