Financialization turns Enlightenment rationality against human interests, like nuclear weapons did
Evidence
Financialization forces this insight to a new level. The financial system represents a phenomenal crucible of human rationality, creativity, imagination and collaboration … But, as with the systems and institutions that developed nuclear weapons, or the Nazis’ “final solution,” these are derivatives of Enlightenment cognition and epistemology that have been turned against human interests and have been used to entrench and exacerbate systemic inequality and a deeply profound insecurity. — Max Haiven, Cultures of Financialization, 267
Categorization
- XREF: Extends the Frankfurt School frame the reader already encountered in the ‘On Sacrifice’ and cultural-argument work — finance as the contemporary form of instrumentalized reason. — connects to: Financialization establishes ideological dominance of individual profit over collective interests — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 109; Financialized capitalism shapes human activity and escapes human control — Max Haiven, Cultures of Financialization, 340; Enlightenment rationalism generated new monsters instead of eradicating them — Sophia Rose Arjana, Muslims in the Western Imagination, 352 (+2 more)
- FICTION: The image of PhD physicists and literary critics applying their craft to high-frequency trading — a setting ripe for narrative.
Broader Connections
- Enlightenment rationalism generated new monsters instead of eradicating them
#exemplifies(0.90) — Sophia Rose Arjana, Muslims in the Western Imagination, 352 - Financialization establishes ideological dominance of individual profit over collective interests
#expands(0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 109 - Financialized capitalism shapes human activity and escapes human control
#expands(0.80) — Max Haiven, Cultures of Financialization, 340 - Governments conflate capitalist economic rationality with rationality itself.
#expands(0.80) — Clara E. Mattei, Escape from Capitalism, 369 - Financialization captures and encloses human creative capacity through debt
#expands(0.75) — Max Haiven, Cultures of Financialization, 390