Assetization constitutes a distinct logic of investment irreducible to speculation or rentiership

Evidence

To focus on assetization is to analyse the contingent and more-or-less discrete valuation and realization of assets, and to do so precisely because these processes are core to a mode of economization and operation of capital that cannot be understood adequately as either speculation or, indeed, as rentiership; that is, financial investment. Processes of assetization are pivotal to the distinct economic and governmental logic of investment, a ‘political technology’ (Muniesa, 2017) that privileges the power and valuations of the investor (rather than the financial market trader or property owner) as the key figure of contemporary financialized capitalism. — Paul Langley, Assets and Assetization in…, 27

Categorization

• DEFINE: Defines assetization against the neighboring concepts of speculation and rentiership, giving “investment” a precise analytic meaning.
• XREF: Connects to the reader’s finance-theory framing; also echoes the assetization literature (Muniesa, Chiapello, Nitzan & Bichler) that titles the paper. — connects to: An asset is property yielding an income stream, unlike a commodity for sale. — Kean Birch, Rethinking Value in the Bio-economy:…, 40; Asset value is actively managed, including downward, and its constructedness is obscured. — Kean Birch, Rethinking Value in the Bio-economy:…, 44; Assetization of IP reduces incentives to develop actual products — Kean Birch, Rethinking Value in the Bio-economy:…, 67 (+6 more)

Related

• Assetization better captures financialized capitalism than commodification or marketization concepts. (similarity 0.90)
• Assetization supersedes commodification and marketization as the key analysis of financialized capitalism. (similarity 0.90)
• Assetization remains an unrecognized analytical entry point in financialization research (similarity 0.88)
• Assets differ from both exchangeable commodities and simple rental property. (similarity 0.88)
• Financialization research’s focus on speculation and debt created a blind spot for assets. (similarity 0.87)
• An asset is property yielding an income stream, unlike a commodity for sale. (similarity 0.85)
• Becoming an asset exceeds property relations and needs separation from socio-material context (similarity 0.84)
• Understanding value as assetization requires analyzing political economy, not just applying STS to finance. (similarity 0.83)
• Assetization analysis reveals how nature and society get incorporated into financialized capitalism. (similarity 0.83)
• Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.82)
• Asset value is actively managed, including downward, and its constructedness is obscured. (similarity 0.82)
• Portfolio logic shifts investment from long-term commitment to scattered short-term securitization. (similarity 0.81)
• Value in the bio-economy is better theorized through assetization than commodification. (similarity 0.80)
• Analyzing bio-economy value requires focusing on assets rather than commodities (similarity 0.79)
• Asset value is constituted by active management within organizations, not by biological properties. (similarity 0.79)

Broader Connections

• Financialization shifts markets from calculation to speculation, destroying predictability #contradicts (0.75) — Wendy Brown, Undoing the Demos, 742