Financialization reawakened homo speculans, forging false-binary populist alliances.
Evidence
Diverging from these explanations (which I will discuss in detail in the following section), my claim in this chapter will be that the rise of speculative communities has been at the heart of these political developments, leading to new (and often unexpected) political enmities and alliances. Just as the failures of finance-driven neoliberalism sparked numerous angry revolts against economic and political elites, the forces of financialization reawakened the dormant homo speculans. In doing so, they produced new social and political collectivities, even as they destroyed older ones. Thus, although we have been led to believe that a war has broken out between global finance and the new waves of ethno-nationalist populism, this is in fact a false binary. — Aris Komporozos-Athanasiou, Speculative Communities, 254
Categorization
- DEFINE: Core chapter thesis naming homo speculans as reawakened by financialization rather than created anew.
- XREF: The false-binary claim between global finance and ethno-nationalist populism is the load-bearing argument the reader’s stated reading purpose hinges on. — connects to: Financialization won by subordinating collective interests to speculative private capital after Bretton Woods — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 72; New Deal progressivism and patriotic speculation jointly created homo speculans. — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 135; Right-wing populism’s anti-finance rhetoric masks its deep integration with financial elites — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 250