Financial capitalism extracts value by exhausting the psyche itself

Evidence

The age of sovereignty was the age of levying and conscription: the expropriation and appropriation of goods and services. The power of sovereignty expressed itself as the right to seize and dispose at will. In contrast, disciplinary society banks on production. It is the age of active and industrial added-value. That said, the time for creating new value which is real is over and done. Indeed, under the financial capitalism of our day, value is being destroyed at the root – eradicated. The neoliberal regime is in the course of inaugurating the age of exhaustion. Today, the psyche itself is being exploited. Accordingly, psychic maladies such as depression and burnout define our times. — Byung-Chul Han, Psychopolitics, 72

Categorization

• XREF: Echoes the psychic-exhaustion diagnosis resonating with the burnout-exploitation theme in Han’s achievement-society framing. — connects to: Financial capitalism destroys real value and exploits the psyche; Neoliberal capitalism exploits the psyche rather than the body as its central productive force — Byung-Chul Han, Psychopolitics: Neoliberalism and New…, 63; Profitable capitalism must forever discover new uncommodified emotions to exploit — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 129 (+2 more)

Broader Connections

• Financial capitalism destroys real value and exploits the psyche #corroborates (0.92)
• Neoliberal capitalism exploits the psyche rather than the body as its central productive force #expands (0.85) — Byung-Chul Han, Psychopolitics, 63
• Profitable capitalism must forever discover new uncommodified emotions to exploit #expands (0.75) — Yanis Varoufakis, Technofeudalism, 129
• Perception, not production, is the core generator of value in late capitalism #qualifies (0.72) — Mark Fisher, Capitalist Realism, 94