Money’s instability created postmodernity’s crisis of representation

Evidence

The breakdown of money as a secure means of representing value has itself created a crisis of representation in advanced capitalism. … The rapidity with which currency markets fluctuate across the world’s spaces, the extraordinary power of money capital flow in what is now a global stock and financial market, and the volatility of what the purchasing power of money might represent, define, as it were, a high point of that highly problematic intersection of money, time, and space as interlocking elements of social power in the political economy of postmodernity. — David Harvey, The Condition of Postmodernity, 1883

Categorization

• XREF: Core of the economic-to-cultural causal chain the reader is comparing against rival periodization accounts; directly feeds the crisis-of-representation argument. — connects to: Capital both created and then liquidated the reality principle — Jean Baudrillard, Simulacra and Simulation, 83; Postmodernism theory was born in the euphoria of the Reagan bull market — Perry Anderson, The Origins of Postmodernity, 237; Money as arbitrary fiction can only represent real social labour — David Harvey, The Condition of Postmodernity: An…, 612 (+2 more)