Everyday financial instruments function as weapons against cultural production

Evidence

This is the story of one boulevard in Los Angeles, one patch of freeway that stretches from LA County to San Francisco, one address in Manhattan, and how the cultural lifeblood of a country has been spilled on these streets by a rogues’ gallery of financial villainy. The main characters are asset managers, private equity firms, corporate venture capitalists, hedge fund analysts, and derivatives traders. The weapons they use are financial instruments and strategies such as dividends, stock buybacks, diversified portfolios, management fees, index funds, tax loopholes, and futures contracts. — Andrew deWaard, Derivative Media, 15

Categorization

• DEFINE: Maps the cultural-domain weapons list from finance: dividends, buybacks, index funds, etc. The book will define each as it appears.
• XREF: connects to: Securitization connects financial risk management to militarized cultural politics in everyday retail. — Max Haiven, Cultures of Financialization, 47; Reversing individualised culture demands resources capital systematically strips away — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1860