From financing labour to labouring finance: subjectivity in financial times
This is, in my view, central to understand our current organization of ecological concerns and the way biopolitical events, such as the financialization of the economy, organize our collective perception of the possible and alternative ecological configurations to the one we live in. By recognizing the working of a process of contamination and a process of distancing implicit in the financialization of life we are able to acknowledge that "ecological relationships are semiotics" (von UexKull, 1982 ) in the sense that they involve the construction and organization of signs, perceptions, affects, interpretations and meanings. Understanding this new semiotics of power is essential to engaging with actual practices of governance of the sustainability discourses. Operationally, these practices and discourses have deprived ecological knowledge of one of its fundamental ingredient, namely a future (Chakrabarty, 2009), conceived as a historical process of change that involves the subject-object relationship and which constitutes both the knower and the known. The result is an interrupted understanding of the way bio-political events reorganize collective perceptions of possible configurations of the ecological system that are "alter" to the one we live in.
Acharya, V.V., Cooley, T., Richardson, M., and Walter, I. 2011, 'Market Failures and Regulatory Failures: Lessons from Past and Present Financial Crises' Working Paper No: 264, February, Asian Development Bank Institute.
Agamben, G. 2009, What is an Apparatus? Stanford University Press.
Agamben, G. 2011, The Kingdom and the Glory, Stanford University Press.
Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. 2004, 'FDI and economic growth: the role of local financial markets', Journal of International Economics, vol. 64, pp. 89-112. http://dx.doi.org/10.1016/S0022-1996(03)00081-3
Ayyagari, M., Demirguc-Kunt, A., & Maksimovic, V. 2011, 'Small vs. Young Firms across the World: Contribution to Employment, Job Creation, and Growth', The World Bank, Development Research Group, Finance and Private Sector Development Team, April.
Barba, A. & Pivetti, M. 2009, 'Rising household debt: its causes and macroeconomic implications a long period analysis', Cambridge Journal of Economics, vol. 33, pp. 113137 http://dx.doi.org/10.1093/cje/ben030
Caggese, A. & Cu-at, V. 2007, 'Financing constraints and fixed-term employment contracts', The Economic Journal, no. 118 (November), pp. 2013-2046.
Chakrabarty, D. 2009, 'The climate of history: four theses', Critical Inquiry, vol. 35, no. 2, pp. 197-222. http://dx.doi.org/10.1086/596640
Chalcraft, J. 2005, 'Pluralising capital, challenging Eurocentrism: toward post-Marxist historiography', Radical History Review, vol. 91 pp. 13-39. http://dx.doi.org/10.1215/01636545-2005-91-13
Cochrane, J., H. 2007, 'Portfolio Theory', available at http://faculty.chicagobooth.edu/john.cochrane/research/papers/portfolio_text.pdf accessed on 17 July 2013.
Cooper, M. 2010, 'Turbulent worlds: Financial markets and environmental crisis', Theory, Culture & Society, vol. 27, nos. 2-3, pp. 167-190. http://dx.doi.org/10.1177/0263276409358727
Foster, J.B. & Magdoff, F. 2009, The Great Financial Crisis: Causes and Consequences, Monthly Review Press, New York, NY.
Foucault, M. 2004, Security, Territory, Population. Lectures at the College de France 1977-78, English translation of the 2004 Editions du Seuil/Gallimard.
Foucault, M. 2004a, The Birth of Biopolitics: Lectures at the Collège de France, 1978--1979 English translation of the 2004 Editions du Seuil/Gallimard.
Grossberg, L. 2010, Cultural Studies in the Future Tense, Duke University Press. http://dx.doi.org/10.1215/9780822393313
Hornborg, A. 1998, 'Ecological embeddedness and personhood: Have we always been capitalists?' Anthropology Today, vol. 14, no. 2, pp. 3-5. http://dx.doi.org/10.2307/2783277
Jenkins, M. & Bayon, R. 'Introduction', in Bayon, R., Hawn, A. & Hamilton, K. (eds.), Voluntary Carbon Markets: An Internqtional Business Guide to What They Are and How They Work, Earthscan, London.
Lazzarato, M. 2009, 'Neoliberalism in action: Inequality, insecurity and the reconstruction of the social', Theory, Culture & Society, vol. 26, no. 6, pp. 109-133. http://dx.doi.org/10.1177/0263276409350283
Leahy, T. 2008, 'Discussion of 'Global Warming and Sociology', Current Sociology, vol. 56, pp. 475 484. http://dx.doi.org/10.1177/0011392107088240
Magdoff F. 2002, 'Capitalism's twin crises: economic and environmental', Monthly Review vol. 54, no.4, pp. 1-16. http://dx.doi.org/10.14452/MR-054-04-2002-08_1
Marx, K. & Engels, F. 1888 , The Manifesto of the Communist Party, Foreign Languages Press Moscow.
Michelacci, C. & Quadrini, V. 2005, 'Borrowing from Employees: Wage Dynamics with Financial Constraints', CEMFI Working Paper no. 0501, available at http://www.cemfi.es/~michela/Michelacci-Quadrini.pdf accessed 17 July 2013.
Parr, A. 2013, The Wrath of Capital; Neoliberalism and Climate Change Politics, Columbia University Press, New York.
Read, J. 2003, The Micro-Politics of Capital: Marx and the Pre-history of the Present, State University of New York Press, Albany.
Seguino, S. 2009, 'The Global Economic Crisis, Its Gender Implications, and Policy Responses', Gender Perspectives on the Financial Crisis Panel at the Fifty-Third Session of the Commission on the Status of Women, United Nations, March.
Starosta, G. 2010, 'The outsourcing of manufacturing and the rise of giant global contractors: A Marxian approach to some recent transformations of global value chains', New Political Economy, vol. 15, no. 4, pp. 543-563. http://dx.doi.org/10.1080/13563460903288197
Stiglitz, J. 2009, 'The global crisis, social protection and jobs', International Labour Review, vol. 148, no. 1-2, pp. 1-13. http://dx.doi.org/10.1111/j.1564-913X.2009.00046.x
Stern, N. 2006, 'Stern Review on the Economics of Climate Change', http://www.hmtreasury.gov.uk/independent_reviews/stern_review_economics_climate_change/sternreview_index.cfm (accessed February 2013):
Stimilli, E. 2011, Il Debito del Vivente. Ascesi and Capitalismo, Quodlibet, Macerata.
Sziraczki, G., Huynh, P. & Kapsos S. 2009, 'The global economic crisis: labour market impacts and policies for recovery in Asia', ILO Working Paper Series http://www.ilo.org/asia/whatwedo/publications/WCMS_110095/lang--en/index.htm accessed 17 July 2013.
Walker, J. & Cooper, M. 2011, 'Genealogies of resilience: from systems ecology to the political economy of crisis adaptation', Security Dialogue vol. 42, no.2, pp. 143-160. http://dx.doi.org/10.1177/0967010611399616
Webb, J. 2012, 'Climate change and society: The chimera of behaviour change technologies', Sociology, vol. 46, no. 1, pp. 109-125. http://dx.doi.org/10.1177/0038038511419196
Welsh, M. 2013, 'Resilience and responsibility: governing uncertainty in a complex world', The Geographical Journal, DOI: 10.1111/geoj.12012, accessed 17 July 2012. http://dx.doi.org/10.1111/geoj.12012
Share this article:
This work is licensed under a Creative Commons Attribution 4.0 International License.