Securitization justifies detaining potential rather than actual terrorists.

Evidence

Preemptive prosecution is the domestic legal variant of the doctrine of “preemptive war,” discussed in the previous chapter. If the rationale for “preemptive war” is to prevent the rise of a future rival to the United States on the global stage, “preemptive prosecution” is about apprehending “potential” terrorists. … The logic underlying these cases is that Muslims are naturally “predisposed” to commit violent acts and should therefore be put away before they cause harm. This bizarre logic is reminiscent of Steven Spielberg’s dystopian film Minority Report, based on Philip K. Dick’s 1956 novella, about three “precogs” who can foresee crime before it occurs. Acting on this information, a police “precrime” unit then arrests people before they actually commit a crime and only because they might be “predisposed” to do so. In the movie, the unit is shut down. In real life, however, many are facing years in prison for crimes that they did not commit, in which no one had been killed and no property had been destroyed. — Deepa Kumar, Islamophobia and the Politics of Empire, 583 (#corroborates, via linked claim)

Securitization, in this sense, has little to do with any notion of economic or financial security: it names a technique or technology for achieving moment-to-moment advantage by counterbalancing risks, and also the impulse to customize, collateralize and synthesize multiple (often conflicting and contradictory) forms of volatility and chance. … Financialized subjects are to relinquish any hope of actual security and, instead, become savvy virtuosi, counter-levering life’s uncertainty into opportunities for self-maximization. — Max Haiven, Cultures of Financialization, 258 (#expands, via linked claim)

Categorization

  • XREF: connects to: Securitization names a mindset that abandons actual security for risk-juggling virtuosity — Max Haiven, Cultures of Financialization, 258; Risk-spreading strategies like securitization exacerbate agency abuse rather than reducing it. — Shapiro, Susan P., The Social Control of Impersonal Trust, 38; The War on Terror borrowed securitization logic from finance to manage risk — Max Haiven, Cultures of Financialization, 269 (+4 more)

Broader Connections