Financialised valuations override prior forms of valuation and reshape how people act and identify

Evidence

I use the concept of colonisation with a primarily metaphorical meaning: the ingraining of financialised metrics and reasonings in spaces and situations where they were previously non-existent or less common, which tends to reduce the importance of prior forms of valuation, changing the ecology of the holds available for action and maybe even the modes of subjectification. … The Habermassian and critical connotation of the concept of colonisation is assumed as these forms relate to strategic action rather than communicative action, constituting a specific mode of rationalisation which I believe may lead to a loss of freedom and meaning. — Ève Chiapello, Financialisation of Valuation, 16

Categorization

• DEFINE: Defines ‘colonisation’ as the ingraining of financialised metrics into spaces where they didn’t exist, reducing prior valuation forms.
• XREF: Connects to Habermas’s lifeworld/system colonization and to Power’s audit pathologies of decoupling vs. colonisation. — connects to: Financialised reasoning can colonise non-monetary measures like scores and percentages. — Ève Chiapello, Financialisation of Valuation, 11; Financialisation also colonizes non-economic spheres via valuation techniques. — Ève Chiapello, Financialisation of Valuation, 15; Investor-style valuation techniques now shape public policy with coercive force — Ève Chiapello, Financialisation of Valuation, 108 (+10 more)
• ADDENDUM: Could serve as a theoretical frame for extending ‘On Sacrifice’ — how colonising metrics displace prior ritual/gift forms of valuation.

Related

• Financialisation also colonizes non-economic spheres via valuation techniques. (similarity 0.89)
• Financialised reasoning can colonise non-monetary measures like scores and percentages. (similarity 0.85)
• Financialization treats risk as probabilisable, displacing close knowledge of the object valued (similarity 0.84)
• Finance creates intangible commodities that exist only through valuation techniques (similarity 0.83)
• Investor-style valuation techniques now shape public policy with coercive force (similarity 0.81)
• Financial language now reshapes public policy domains historically governed by other values. (similarity 0.81)
• Financialization colonizes culture by fusing economic price with social value (similarity 0.80)
• Financial valuation theory legitimizes financiers’ power by claiming they optimize resource allocation. (similarity 0.80)
• Financialised valuation draws on financial economics and mathematical finance. (similarity 0.80)
• Financialization makes belief in value more central than ever (similarity 0.79)
• Financialization colonizes culture through diffuse metaphors, narratives, and techniques (similarity 0.79)
• Financialized valuation imposes short-termism and disconnects decisions from material production. (similarity 0.79)
• Financialization is capitalism’s most advanced mode of harnessing consumer agency and imagination (similarity 0.78)
• Financialization compresses present-future experience and radicalizes uncertainty (similarity 0.78)
• Financialization establishes ideological dominance of individual profit over collective interests (similarity 0.78)

Broader Connections

• Speculative finance fragments persons into rateable dividuals, making whole-individual resistance obsolete #expands (0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 312
• Investor-style valuation techniques now shape public policy with coercive force #corroborates (0.80) — Ève Chiapello, Financialisation of Valuation, 108
• Financialization treats risk as probabilisable, displacing close knowledge of the object valued #corroborates (0.80) — Ève Chiapello, Financialisation of Valuation, 35
• Two dominant frames treat financial wealth as either real value or pure illusion #qualifies (0.75) — Max Haiven, Cultures of Financialization, 41
• Attention economy pits financialization against alternative forms of value #complicates (0.75)
• Finance creates intangible commodities that exist only through valuation techniques #expands (0.75) — Ève Chiapello, Financialisation of Valuation, 104
• Finance derives prices for new objects from unrelated market prices #expands (0.72) — Ève Chiapello, Financialisation of Valuation, 39
• Commodified resistance reinforces the individualization that finance depends on #expands (0.70) — Max Haiven, Cultures of Financialization, 532