Financialization compresses present-future experience and radicalizes uncertainty
Evidence
If the latest phase of twenty-first-century financialization has accelerated and compressed our experiences of present-future constellations, then the impact of radicalized uncertainty on our collective imaginings has to be brought right to the fore of our analysis. We need a more detailed account of exactly how imagination works to construct collective meanings under extraordinarily turbulent conditions—how collectivities are anchored, sedimented, and reassembled through this ongoing and contradictory construction. — Aris Komporozos-Athanasiou, Speculative Communities, 156
Categorization
- SEED: Article angle: how algorithmic/financialized temporality compresses the felt distance between present and future and what that does to collective political imagination.
- XREF: connects to: Radicalized uncertainty pushes societies to adopt finance as a model for imagining the future — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 18; Financialization treats risk as probabilisable, displacing close knowledge of the object valued — Ève Chiapello, Financialisation of Valuation, 35; Finance is monetized quantification of future uncertainty exploiting shared existential precariousness — Max Haiven, Cultures of Financialization, 554 (+8 more)
Broader Connections
- Radicalized uncertainty pushes societies to adopt finance as a model for imagining the future
#responds-to(0.95) — Aris Komporozos-Athanasiou, Speculative Communities, 18 - Uncertainty deepens societies’ need for narratives and makes finance their model
#responds-to(0.90) — Aris Komporozos-Athanasiou, Speculative Communities, 36 - Financialized uncertainty reshapes how collectivities construct shared imagined futures
#expands(0.85) - Financialization shifts markets from calculation to speculation, destroying predictability
#expands(0.84) — Wendy Brown, Undoing the Demos, 742 - Financialization treats risk as probabilisable, displacing close knowledge of the object valued
#expands(0.82) — Ève Chiapello, Financialisation of Valuation, 35 - Finance is monetized quantification of future uncertainty exploiting shared existential precariousness
#expands(0.80) — Max Haiven, Cultures of Financialization, 554 - The speculative subject accepts rather than averts the future’s radical uncertainty
#expands(0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 25 - Financialization fragments corporate, state, and individual horizons into short-termism
#expands(0.78) — Max Haiven, Cultures of Financialization, 138 - Finance’s resilience stems from imagination, not rationality
#corroborates(0.78) — Aris Komporozos-Athanasiou, Speculative Communities, 28 - Households signal financialization through risk-taking, relaxed debt attitudes, and speculative strategies
#exemplifies(0.75) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 48