Financial liquidity grows by making social relations themselves precarious and liquid.

Evidence

Schematically speaking, financial liquidity accumulates to the extent it imposes liquidity upon society, to the extent that precariousness is the norm. When social relations are liquid and precarious, it speaks to a fundamental lack of non-market institutions (whether social or political) that would otherwise protect people from the economy (Bourdieu 1998). — Max Haiven, Cultures of Financialization, 171

Categorization

• XREF: This is the core mechanism — finance’s colonization of everyday life — connecting directly to deWaard’s cultural argument and to Bourdieu on marketization. — connects to: Financialization drives the rise of precarious labor and dissolves social bonds — Max Haiven, Cultures of Financialization, 141; Social bonds now form around shared volatility and precarity — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 11; Wall Street’s liquidity-obsessed culture depends on the liquid, disposable lives of its own bankers — Max Haiven, Cultures of Financialization, 174 (+5 more)

Broader Connections

• Social bonds now form around shared volatility and precarity #epitomizes (0.95) — Aris Komporozos-Athanasiou, Speculative Communities, 11
• Wall Street’s liquidity-obsessed culture depends on the liquid, disposable lives of its own bankers #exemplifies (0.85) — Max Haiven, Cultures of Financialization, 174
• Financialization is how society gets liquidated into marketable commodities #expands (0.85) — Max Haiven, Cultures of Financialization, 566
• Real subsumption makes social relations emerge from capital itself #complicates (0.80) — Grant Bollmer, Katherine Guinness, The Influencer Factory, 104
• Commodified resistance reinforces the individualization that finance depends on #expands (0.70) — Max Haiven, Cultures of Financialization, 532