Commodified resistance reinforces the individualization that finance depends on
Evidence
This is not merely because resistance is sexy and sells cars. It is part and parcel of the neoliberal individualization of social life, the systematic destruction of any liberatory or hopeful notion of collectivity, commons or public participation. But this, in turn, is intimately tied to the forms of agency both that financialization creates, and on which it depends. — Max Haiven, Cultures of Financialization, 532
Categorization
- XREF: Individualization-as-mechanism parallels the logic of individual financial risk-bearing that deWaard and finance critics describe. — connects to: Financialised valuations override prior forms of valuation and reshape how people act and identify — Ève Chiapello, Financialisation of Valuation, 16; Financialization establishes ideological dominance of individual profit over collective interests — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 109; Cooperative and mutual ownership forms offer organizing templates insulated from financial market instability — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 96 (+15 more)
Broader Connections
- Capital precedes and shapes resistance rather than resistance driving capital
#corroborates(0.92) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 923 - Individual resistance is reabsorbed into speculation through personal debts and savings
#exemplifies(0.88) — Max Haiven, Cultures of Financialization, 544 - Resistance to financialization cannot succeed in isolation from broader systemic struggle
#expands(0.85) — Max Haiven, Cultures of Financialization, 551 - Speculative finance fragments persons into rateable dividuals, making whole-individual resistance obsolete
#expands(0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 312 - Financial speculation on reputational asset value generates neoliberalism’s own internal resistance.
#corroborates(0.75) — Aris Komporozos-Athanasiou, Speculative Communities, 70