Assetization analysis reveals how nature and society get incorporated into financialized capitalism.

Evidence

Refocusing inquiry on assets and assetization facilitates analysis of the various and variegated ways in which the frontiers of financialized capitalism have been extended over the last decade or so. As discussed above, assets and assetization are already beginning to provide the focal point for research that highlights the incorporation of nature and society into present-day financialized capitalism. Indeed, anticipating future research on assets and assetization, there are indications that it can also contribute towards a sharper appreciation of the wider-ranging and discrete production of political economies of rent and investment in contemporary capitalism. For example, in the global digital economy that has boomed over the REVIEW OF INTERNATIONAL POLITICAL ECONOMY 9 recent decade (see Atal, this volume), platforms appropriate rent due to their positioning as intermediaries who own and control the infrastructural assets of digital space (Sadowski, 2020). — Paul Langley, Assets and Assetization in…, 43

Categorization

  • SEED: The cut-off example about the digital economy hints at an essay angle on how rent extraction in tech platforms is fundamentally an assetization process, not a market process.
  • XREF: connects to: Analyzing bio-economy value requires focusing on assets rather than commodities — Kean Birch, Rethinking Value in the Bio-economy:…, 68; Understanding value as assetization requires analyzing political economy, not just applying STS to finance. — Kean Birch, Rethinking Value in the Bio-economy:…, 115; Financialisation also colonizes non-economic spheres via valuation techniques. — Ève Chiapello, Financialisation of Valuation, 15 (+10 more)

Broader Connections