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The logic of financialization is a poison in our hearts and our minds.

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We need to ask much more fundamental questions about what a society is for, and how we can care for each other. That's what is going to allow us to overcome the twin evils of - on the one hand, a financialized system which is transforming us all into hyper-paranoid individualist risk takers, and on the other a system that leaves whole racialized populations essentially to die at the hands of the police, of poverty, or any number of ills unleashed by incredible inequality.

Writer Max Haiven finds financialization at the heart of capitalism's reactionary authoritarianism - as a force that has dominated the ways we view land, ourselves and each other, and as an existential challenge that can only be overcome by new modes of understanding care, and organizing for collective action.

Max's article Financialization, precarity and reactionary authoritarianism at ROAR Magazine is an excerpt from his book Cultures of Financialization: Fictitious Capital in Popular Culture and Everyday Life from Palgrave Macmillan.

 

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Max Haiven

Max Haiven is an Assistant Professor in the Division of Art History and Critical Studies at the Nova Scotia College of Art and Design and member of the Undercommoning collective.

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