Securitization couples financial risk management with surveillance and militarized security.

Evidence

In this chapter, I suggest that Walmart can also be fruitfully interpreted through the lens of securitization, a term that neatly connects the financial imperative to manage risk, on the one hand, and the concomitant trend towards increased security, surveillance and militarized pre-emptive action, on the other. … This double meaning of securitization, I argue, helps us understand the ways in which financialization is rooted in the spaces and processes of everyday life and popular culture. — Max Haiven, Cultures of Financialization, 47

Categorization

• DEFINE: Haiven’s key move for the book: redefining ‘securitization’ as both a financial risk technique and a cultural-political ideology of surveillance/security.
• XREF: This is the bridge to deWaard’s cultural argument about finance colonizing everyday life and imagination — exactly the reader’s stated goal. — connects to: Walmart’s power operates through securitization linking financial risk management to surveillance — Max Haiven, Cultures of Financialization, 558; The War on Terror borrowed securitization logic from finance to manage risk — Max Haiven, Cultures of Financialization, 269; Securitization names a mindset that abandons actual security for risk-juggling virtuosity — Max Haiven, Cultures of Financialization, 258 (+4 more)
• SEED: An essay angle: Walmart as the material institution where the financial ‘risk society’ meets the post-9/11 security state — retail as ground zero of securitized subjectivity.

Broader Connections

• Walmart’s power operates through securitization linking financial risk management to surveillance #exemplifies (0.95) — Max Haiven, Cultures of Financialization, 558
• The War on Terror borrowed securitization logic from finance to manage risk #expands (0.88) — Max Haiven, Cultures of Financialization, 269
• Behavioral-prediction markets recruit merchants and insurers into the surveillance economy. #expands (0.80) — Shoshana Zuboff, The Age of Surveillance Capitalism, 1083
• Surveillance is a foundational mechanism in converting investment into profit. #expands (0.78) — Shoshana Zuboff, The Age of Surveillance Capitalism, 162
• Social securitization functions as prophylaxis protecting existing power from challenge #expands (0.78) — David Theo Goldberg, The Threat of Race, 483
• Securitization names a mindset that abandons actual security for risk-juggling virtuosity #complicates (0.72) — Max Haiven, Cultures of Financialization, 258