Culture is not superstructural but is where financialized capitalism subjugates social values

Evidence

Importantly, for none of these authors is capitalism merely reducible to the sum of individual actions: a ruling class continues to exist, and they still represent the prime beneficiaries and agents of the system. However, these authors’ approaches help us highlight and contextualize the way financialized capitalism is also rooted in the cultural processes of daily life as never before. If capitalism is elementally a viral or cancerous logic that measures and subjugates the play of social values to the austere logic of economic value, then culture (being the name we give to the endless and limitless negotiation of social values and meanings) is not merely the superstructural ephemera of a “real” economic base. Yet such a perspective does not lose sight of the realities of economic exploitation, nor does it allow us to imagine that the negotiation of values is somehow an autonomous field of activity driven by some mythological concept of “agency” or “resistance.” — Max Haiven, Cultures of Financialization, 563

Categorization

• XREF: Directly opposes classical base-superstructure Marxism; connects to the reader’s synthesis of cultural financialization. — connects to: Capitalism depends on moral capital from the very traditions it displaced — Angus Burgin, The Great Persuasion: Reinventing Free…, 529; Finance culture is a cultural frame, not an exogenous shift imposed on households. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 151; Households in social democracies face pressure to adopt finance culture too. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 152 (+12 more)
• SEED: Angle: culture as the terrain where financialization’s value logic is literally enacted and contested — a non-reductionist but non-romantic model of cultural agency.

Broader Connections

• In late capitalism the economic base generates its cultural superstructures directly #contradicts (0.90) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 32
• Financialization colonizes culture by fusing economic price with social value #corroborates (0.88) — Max Haiven, Cultures of Financialization, 561
• Financialization colonizes culture through diffuse metaphors, narratives, and techniques #expands (0.82) — Max Haiven, Cultures of Financialization, 35
• Capitalism reproduces itself by drawing civil and cultural life into conformity with its needs #corroborates (0.80)
• Neoliberalism’s durability rests on fusing the economic with the cultural #corroborates (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 298