Markets and populist publics may share a common yearning for uncertainty
Evidence
Too often we think of markets as natural proponents of economic and political stability, much as we associate the parochialism of regressive nationalism with a nostalgic craving for the (imagined) security of an earlier era. But what if markets and publics now coalesce around a shared yearning for uncertainty? — Aris Komporozos-Athanasiou, Speculative Communities, 65
Categorization
- XREF: Connects to the reader’s finance/speculation work on how prediction markets shape social imagination — the idea that uncertainty itself is the commodity both markets and publics crave. — connects to: Political populists and financiers both profit from political uncertainty. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 379; Neopopulism strategically manufactures and amplifies uncertainty rather than offering alternatives — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 442; Regressive populism and speculative finance are forming new alliances. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 57 (+10 more)
Broader Connections
- Populist passions animate rather than oppose financial rationality
#corroborates(0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 268 - Populism may itself express the public’s irrational exuberance
#qualifies(0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 686 - Populists and the arch-speculator Soros share a disposition of harnessing political uncertainty for yield
#corroborates(0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 247 - Speculation now means endorsing uncertainty as a tactic for social survival
#corroborates(0.80) — Aris Komporozos-Athanasiou, Speculative Communities, 20 - The spirit of capitalism shifts from risk-taking to uncertainty-endorsing speculation.
#corroborates(0.78) — Aris Komporozos-Athanasiou, Speculative Communities, 79 - Speculative intimacies are anxious wagers offering scant hope against uncertainty
#corroborates(0.75) - Radicalized uncertainty pushes societies to adopt finance as a model for imagining the future
#corroborates(0.75) — Aris Komporozos-Athanasiou, Speculative Communities, 18