Finance’s grip on culture can be analyzed through a three-part theory of reproduction.

Evidence

Hence, I draw here upon a concept of reproduction to explain the power and influence of finance on culture (a term I use advisedly, given that I aim to transgress its usual borders), and the way culture is at work at the core of financialization. This concept of reproduction combines three components. First, I draw on Marxist theories of the reproduction of capital accumulation through the displacement of its systemic crises (through war, imperialism and, importantly, speculation). Second, I mobilize cultural studies approaches that query how capitalist social relations, hegemony and ideology are reproduced through cultural texts and everyday life. Third, I lean on feminist conceptualizations of reproduction, which refocus our attention on capitalism’s reliance on the subordination of reproductive labour (traditionally, though not exclusively, associated with “women’s work”) and broaden our conception of reproduction so that we might ask deeper, harder questions about the nature of capitalist exploitation and its reliance on other systems of domination such as patriarchy, white supremacy, colonialism and ablism. — Max Haiven, Cultures of Financialization, 44

Categorization

• DEFINE: Establishes the book’s core synthetic concept of reproduction combining Marxist crisis-displacement, cultural hegemonic reproduction, and feminist reproductive labor.
• XREF: Connects to earlier chapter builds: feminist reproduction theory refocusing on capitalism’s reliance on subordinated labor. — connects to: Culture now shapes the financial economy as much as the economy shapes culture — Max Haiven, Cultures of Financialization, 61; Tracing finance’s cultural impact requires analysis from structural scale down to individual texts — Andrew deWaard, Derivative Media: How Wall Street…, 453; Financialization has competing explanations from three distinct scholarly disciplines. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30 (+8 more)

Broader Connections

• Finance shapes modern societies’ collective myths and imagined communities, not just economies #expands (0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 19
• Culture now shapes the financial economy as much as the economy shapes culture #expands (0.75) — Max Haiven, Cultures of Financialization, 61
• Tracing finance’s cultural impact requires analysis from structural scale down to individual texts #expands (0.75) — Andrew deWaard, Derivative Media, 453
• Financialization has competing explanations from three distinct scholarly disciplines. #complicates (0.75) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30
• Finance theory shapes markets through the linguistic infrastructure it provides practitioners #expands (0.75) — Donald MacKenzie, An Engine, Not a Camera, 1128
• Social reproduction of labor-power requires family, education, and cultural institutions #expands (0.75)
• Finance produces its own imagined communities rather than merely colonizing existing ones #expands (0.75)
• Households in social democracies face pressure to adopt finance culture too. #exemplifies (0.75) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 152
• Abstract financial processes heavily shape media labor conditions and production cultures. #exemplifies (0.75) — Andrew deWaard, Derivative Media, 39
• Financial wealth is fictitious yet real because shared fictions govern social reproduction #expands (0.70) — Max Haiven, Cultures of Financialization, 42
• Consumer culture’s desire-production reproduces itself autonomously without needing any external cause #complicates (0.70) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 468