Cultural industries shifted from commodity language to financial-instrument language

Evidence

For most of the twentieth century, understanding the structure and practices of the U.S. cultural industries required vocabulary like commodity, supply and demand, ownership, and market research. The derivative media of today are driven by new financial forces with another set of terms: asset management, speculation, diversified portfolios, and securitization. — Andrew deWaard, Derivative Media, 96

Categorization

• XREF: connects to: Financial language now reshapes public policy domains historically governed by other values. — Ève Chiapello, Financialisation of Valuation, 93; Financial language simultaneously reflects and advances the spread of financialization. — Max Haiven, Cultures of Financialization, 69; Financialization colonizes culture through diffuse metaphors, narratives, and techniques — Max Haiven, Cultures of Financialization, 35 (+6 more)