The material and culture of financialisation

Ben Fine

New Political Economy, 2017, vol. 22, issue 4, 371-382

Abstract: 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.

Date: 2017
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DOI: 10.1080/13563467.2017.1259299

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