Global crises can only be addressed through market-vernacular solutions that protect financial-sector profits

Evidence

The result is a world cut to fit the financial imagination, whose benefits accrue largely to the wealthiest percentiles, and whose dramatic costs are endured by the majority of humanity. Within such a system, the most pressing and dangerous problems of our age, from deepening inequality to global warming and ecological collapse, from food crises to the AIDS epidemic, from fossil-fuel depletion to the conditions of globalized labour, can only be addressed in the financialized vernacular of the market, and only in ways that do not threaten the short-term profitability of the financial sector. — Max Haiven, Cultures of Financialization, 33

Categorization

• XREF: The claim that even problems like AIDS and climate collapse get forced into a market vernacular is the precise bridge into deWaard’s cultural argument that finance colonizes how problems get imagined. — connects to: Financial engineering naturalizes crisis to justify yet more markets — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 958; Financialization acts as unaccountable global economic planning with profit as its only goal — Max Haiven, Cultures of Financialization, 33; Solutions to financialization require abolishing capitalism, not just re-regulating finance — Max Haiven, Cultures of Financialization, 34 (+2 more)

Broader Connections

• Neoliberalism holds that markets can solve the very problems markets create #expands (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 2134
• Solutions to financialization require abolishing capitalism, not just re-regulating finance #complicates (0.80) — Max Haiven, Cultures of Financialization, 34
• Financial crises serve capital by enabling restructuring and reclaiming working-class gains #corroborates (0.80) — Max Haiven, Cultures of Financialization, 498
• Financial engineering naturalizes crisis to justify yet more markets #complicates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 958
• Financialization acts as unaccountable global economic planning with profit as its only goal #complicates (0.75) — Max Haiven, Cultures of Financialization, 33