The material and culture of financialisation

This paper provides a framework for understanding the material cultures of financialisation. It does so through a tight definition of financialisation itself (as the spread of interest bearing capital across economic and social reproduction) but also attaches financialisation to broader influences t...

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Bibliographic Details
Published in:	New political economy 2017-07, Vol.22 (4), p.371-382
Main Author:	Fine, Ben
Format:	Article
Language:	eng
Subjects:	Capital Commodification Commodities Computation Financialisation Material culture Social capital Social reproduction system of provision
Online Access:	Get full text
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Summary:	This paper provides a framework for understanding the material cultures of financialisation. It does so through a tight definition of financialisation itself (as the spread of interest bearing capital across economic and social reproduction) but also attaches financialisation to broader influences through commodification, commodity form and commodity calculation. These in turn are used to frame the material culture(s) of financialisation through deploying the 10Cs derived from the System of Provision approach: that the material cultures of financialisation are Constructed, Construed, Conforming, Commodified, Contextual, Contradictory, Closed, Contested, Collective and Chaotic. Some emphasis is placed upon the 'distance' of financialisation as such from most everyday practices and the systemic lack of knowledge of the financial system however it is represented and experienced.
ISSN:	1356-3467 1469-9923