The derivative logic reveals how disconnected capitalist processes derive value from each other

Evidence

Martin finds in the derivative both a leitmotif of post-Bretton Woods global capitalism and a theoretical and historical heuristic device. By attending to the “logic” of the derivative, we can begin to develop an awareness of the way apparently independent or incongruous processes within global capitalism fit together within an overarching paradigm, the way different, seemingly disconnected processes “derive” value, structure and meaning from one another. — Max Haiven, Cultures of Financialization, 482

Categorization

• XREF: The ‘derive value and meaning from one another’ framing parallels deWaard’s claim about financialization as a cultural logic connecting apparently separate spheres of life. — connects to: The derivative logic colonizes military strategy and social governance beyond finance — Max Haiven, Cultures of Financialization, 481; Marx’s value chain operates reversibly despite appearing chronological — Donna Landry and Gerald MacLean, The Spivak Reader: Selected Works of…, 940; Capitalism’s defining move is abstracting exchange value from ordinary life processes — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 146