Jamal Awil

← Cultures of Financialization

In keeping with questions of value. [fact]

In keeping with questions of value, autonomy, agency and imagination raised in Chapter 4, I also suggested that financialization represents a key means by which capital can expand its discipline and measure into various realms of social life and extract value (ideally) without damaging or corrupting the creative, semiautonomous ecosystems that generate value in the first place. With reference to the relationship of speculative real estate and the gentrification and enclosure of "creative" urban neighbourhoods, I suggested that financialization represents a high level of refinement, decentralization and sophistication in the methods by which capital captures, harnesses, reorients and shapes the creation of value and values in social life, transforming social reproduction in ways that ultimately reinforce and reproduce capital and social liquidation.

Max Haiven, Cultures of Financialization, loc. 572