Everyday people respond to market uncertainty by speculating on corporate and state values.

Evidence

When grappling with the uncertain consequences of deregulated markets in their everyday lives, they did not merely (or erroneously) assess risks. Rather, they speculated on the (ethical as well as political) values of oil and petrochemical companies responsible for air and water pollution, and also on the values of the local and federal government involved in the (de)regulation of these industries. — Aris Komporozos-Athanasiou, Speculative Communities, 435

Categorization

• XREF: Links to Hochschild’s Strangers in Their Own Land and broader literature on how economic precarity reshapes moral imagination and belonging. — connects to: The spirit of capitalism shifts from risk-taking to uncertainty-endorsing speculation. — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 79; Markets and populist publics may share a common yearning for uncertainty — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 65; Uncertainty deepens societies’ need for narratives and makes finance their model — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 36 (+6 more)

Broader Connections

• The spirit of capitalism shifts from risk-taking to uncertainty-endorsing speculation. #corroborates (0.92) — Aris Komporozos-Athanasiou, Speculative Communities, 79
• A collective speculative imagination shapes how capitalist societies cope with future uncertainty. #corroborates (0.88) — Aris Komporozos-Athanasiou, Speculative Communities, 45
• Speculation now means endorsing uncertainty as a tactic for social survival #corroborates (0.87) — Aris Komporozos-Athanasiou, Speculative Communities, 20
• Finance becomes the model for society’s responses to uncertainty. #corroborates (0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 80
• Uncertainty deepens societies’ need for narratives and makes finance their model #corroborates (0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 36
• Market speculation functions as secular prophecy sustaining public faith in finance #expands (0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 227
• Political actors weaponize volatility by mobilizing uncertainty-affirming communities #expands (0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 371
• Markets and populist publics may share a common yearning for uncertainty #corroborates (0.78) — Aris Komporozos-Athanasiou, Speculative Communities, 65
• Speculation is an imaginative act detached from asset value, pricing others’ future desires #corroborates (0.75) — Aris Komporozos-Athanasiou, Speculative Communities, 215