Counter-speculation weaponizes volatility against institutional power holders

Evidence

Counter-speculation: the enactment of a grassroots speculative politics with the express aim of weaponizing existing political volatility in order to counter dominant structures within financialized capitalism. Counter-speculations typically target governments and institutional power holders who oversee uneven distributions of risk and responsibility in society. They often involve solidarities forged in the ephemeral temporality of speculative technologies and wagers on desirable systemic failures, which can lead to reallocation of such risks and responsibilities and thus redress power differentials. — Aris Komporozos-Athanasiou, Speculative Communities, 15

Categorization

• DEFINE: Defines the book’s central term ‘counter-speculation’ precisely, distinguishing it from dominant financial speculation.
• corroborated: 2 independent passages support this claim — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 15
• XREF: connects to: Speculative wagers can be deployed as counter-power against dominant financial structures — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 31; Counter-speculation turns financial uncertainty against oppressive structures — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 69; Democratic institutions can again produce countermeasures to abnormal accumulation — Shoshana Zuboff, The Age of Surveillance Capitalism, 1644 (+1 more)