Everyday financialized actors co-produce precarity alongside macro institutions

Evidence

Perhaps we can imagine precariousness, instead, as something that is produced and reproduced on an everyday basis by economic and social actors, large and small. Within late neoliberal capitalism, we have seen how it is produced not only through the actions of large corporations, financiers, (de)regulators, politicians and intellectuals, but also by individuals who are compelled to embrace debt and a financialized disposition in order to get by. — Max Haiven, Cultures of Financialization, 214

Categorization

• XREF: Links directly to the reader’s goal of connecting to deWaard’s cultural argument — precarity as co-produced by everyday financialized dispositions rather than only imposed from above. — connects to: Citizens and governments alike borrowed heavily, embedding finance in everyday life. — Max Haiven, Cultures of Financialization, 150; Finance functions to obscure capitalism’s raw dependence on precarious life — Max Haiven, Cultures of Financialization, 46; Financiers and sub-prime borrowers are twin symptoms of the same precarious economy — Max Haiven, Cultures of Financialization, 207 (+8 more)
• SEED: Angle: individuals who must embrace debt to ‘get by’ actively reproduce the very precarity that traps them — a complicity loop worth an essay.

Broader Connections

• Financialization is reproduced from everyday life, not imposed by an autonomous elite #corroborates (0.90) — Max Haiven, Cultures of Financialization, 129
• Financialization operates as decentralized power through everyday financial practices #corroborates (0.80) — Natascha van der Zwan, Making Sense of Financialization, 20
• Social bonds now form around shared volatility and precarity #corroborates (0.75) — Aris Komporozos-Athanasiou, Speculative Communities, 11
• Financialization means finance’s logics penetrate the fabric of everyday life #corroborates (0.75) — Max Haiven, Cultures of Financialization, 72
• Influencers act as intermediaries bonding consumers to commodities under precarity #exemplifies (0.72) — Grant Bollmer, Katherine Guinness, The Influencer Factory, 13
• Households signal financialization through risk-taking, relaxed debt attitudes, and speculative strategies #exemplifies (0.70) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 48