Risk society theory omits the collective speculation structures that forge political identifications.

Evidence

Although risk society powerfully captures some of the anxieties of modern capitalism’s incipient subject, it plays down the profound conflicts persisting under radical uncertainty. It ignores, in particular, the collective structures of insurance and speculation through which such conflicts are managed and through which new identifications are forged in coagulating polities. — Aris Komporozos-Athanasiou, Speculative Communities, 319

Categorization

• XREF: This is the pivot from Beck’s risk society to the author’s homo speculans thesis — connects directly to my core reading purpose, and echoes the insurance/speculation institutions covered in the diamond-trade and trade-law material. — connects to: Speculation and insurance jointly define community boundaries that ignore traditional class lines. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 555