Financialized capitalism productively generates new shared communities rather than merely destroying them

Evidence

But much like late Dutch colonialism’s “unintended consequence” of the Indonesian imagination, financialized capitalism’s own unintended consequence is the triggering of a new shared vernacular. This is a uniquely important insight, and foregrounds one of this book’s central tenets: the socially and politically generative operation of finance; its productive, rather than merely destructive, role in shaping new speculative communities. — Aris Komporozos-Athanasiou, Speculative Communities, 98

Categorization

• XREF: connects to: Homogenization renders others interchangeable resources to be managed — Rebecca A. Martusewicz, Jeff Edmundson, and John Lupinacci, EcoJustice Education: Toward Diverse,…, 593; Rising inequality pushes capitalism to extract profit from unpaid social participation. — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 166; Finance can unwittingly create new political possibilities for marginalized people — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 46 (+1 more)