Financialization drives the rise of precarious labor and dissolves social bonds

Evidence

In this chapter, I argue that the rise of precarious (part-time, casualized, temporary) labour in the era of globalization (roughly 1990– present) cannot be separated from the financialization of economic, political, social and cultural life. … Both illustrate the deep relationship between financialization and the liquidation of social bonds. Yet I also argue that precariousness may be a common ground for solidarity and possibility beyond the horizon of financialization. — Max Haiven, Cultures of Financialization, 141

Categorization

• XREF: Core bridge to deWaard’s cultural argument — the financialization-precarity link is the structural premise she builds culture on. — connects to: Financialization drives earnings inequality nearly as much as declining unionization — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 164; Financialization may be the root cause behind deunionization, globalization, up-skilling, and falling investment.; Finance operates as a disciplinary mechanism that mobilizes debt to exploit labor. — Max Haiven, Cultures of Financialization, 58 (+12 more)

Broader Connections

• Financialization may erode the postwar capital-labor social pact #expands (0.85) — Greta R. Krippner, The Financialization of the American…, 142
• Financial liquidity grows by making social relations themselves precarious and liquid. #expands (0.80) — Max Haiven, Cultures of Financialization, 171
• Social bonds now form around shared volatility and precarity #qualifies (0.72) — Aris Komporozos-Athanasiou, Speculative Communities, 11
• Assetization analysis reveals how nature and society get incorporated into financialized capitalism. #qualifies (0.72) — Paul Langley, Assets and Assetization in…, 43
• Financialization is how society gets liquidated into marketable commodities #qualifies (0.70) — Max Haiven, Cultures of Financialization, 566