Jamal Awil

← Cultures of Financialization

Schematically speaking, financial liquidity accumulates to the extent it imposes liquidity upon society. [fact]

Schematically speaking, financial liquidity accumulates to the extent it imposes liquidity upon society, to the extent that precariousness is the norm. When social relations are liquid and precarious, it speaks to a fundamental lack of non-market institutions (whether social or political) that would otherwise protect people from the economy (Bourdieu 1998).

Max Haiven, Cultures of Financialization, loc. 171