Hacking finance: experiments with algorithmic activism

Tuomo Alhojärvi

Chapter 42 in The Handbook of Diverse Economies, 2020, pp 379-387 from Edward Elgar Publishing

Abstract: Finance is a word for trouble. Activists often recognize its strategic and game-changing potential. Yet control over finance often feels out of reach. Exploitative and unsustainable financialization seems to continue relatively uncontested at large while the socialization of risks and spread of debt are well-recognized problems. Capitalist finance seems to determine and to escape being determined (otherwise). This chapter examines two hacking initiatives that have burst this capitalocentric bubble by exploring, learning from and rebuilding financial relations otherwise: the activist hedge fund Robin Hood Cooperative and the crypto-technological start-up Economic Space Agency. Through getting intimate with and parasitic upon high-tech finance these organizations have broken the capitalocentric ordering of financial access, opportunity and power. In evolving efforts to reclaim finance as an opening, they have raised jarring questions concerning the ethics, technological politics and spaces of finance (as we knew it).

Keywords: Development Studies; Economics and Finance; Environment; Geography; Politics and Public Policy (search for similar items in EconPapers)
Date: 2020
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