The all-as-risk-managers discourse masks that most people hold no real assets.

Evidence

It may be true that the idea, propagated widely throughout the media landscape, that we are all “financiers” and “risk managers” obfuscates key class antagonisms and economic realities (notably, that the vast majority of us have no real assets to speak of, and the financial economy is being run by what can, without too much exaggeration, be characterized as a cabal of lawless oligarchs). — Max Haiven, Cultures of Financialization, 36

Categorization

• XREF: The ‘everyone is a risk manager’ ideologeme is a direct empirical anchor for deWaard’s later claim that finance colonizes everyday identity — this passage grounds that cultural frame in concrete class reality. — connects to: The saver-investor ideal is structurally unavailable to most people — Clara E. Mattei, Escape from Capitalism: An Intervention, 34
• CANDY: The tautology that ‘we are all risk managers’ while most of us have no assets to manage is a punchy, tweetable paradox.

Broader Connections

• The saver-investor ideal is structurally unavailable to most people #corroborates (0.90) — Clara E. Mattei, Escape from Capitalism, 34