The Greek oxi vote was a mass wager endorsing, not averting, volatility

Evidence

On the face of it, the vote could be seen as a political act of collective debt refusal: voters had not only rejected a desperately needed loan but had also challenged the dominant neoliberal narrative of austerity propagated by the country’s creditors. On a deeper level, however, I suggest that the vote can be interpreted as a mass act of counter-speculation—a wager that endorsed rather than averted a volatile future. — Aris Komporozos-Athanasiou, Speculative Communities, 338

Categorization

  • DEFINE: Directly defines ‘counter-speculation’ as a mass political wager that embraces rather than avoids a volatile future.
  • XREF: Connects to earlier chapters establishing ‘homo speculans’ speculation-migration thesis and financialized populism as betting under uncertainty.