The 2008 crisis made speculation a public symbol of fiction taking over reality.

Evidence

In the aftermath of the 2008 financial crisis, accounts of speculation again seized the public imagination. Mainstream media and a series of Hollywood films called out financiers’ greedy trading practices as the main ill of modern capitalism and a key cause of its spectacular demise. Speculation came to symbolize a promise that lacks proper foundation—a world of fiction that has taken over reality. — Aris Komporozos-Athanasiou, Speculative Communities, 53

Categorization

• XREF: Sets up the book’s central pivot from speculation-as-financial-scandal to speculation-as-migrating-social-logic. — connects to: 2008’s crisis installed speculation as the defining modern economic subjectivity — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 25; Austerity operates as speculation that converts fiction into fact — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 400; Speculation involves transforming fictions into facts through personal responsibility — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 600 (+3 more)
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: 2008’s crisis installed speculation as the defining modern economic subjectivity — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 25; Austerity operates as speculation that converts fiction into fact — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 400; Speculation involves transforming fictions into facts through personal responsibility — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 600 (+3 more)