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Template:M intro systems financialisation: Difference between revisions
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Definitions | Definitions: let us call “financialisation” the goal of reducing things to their most calculable, and manipulable ''values''. So: David Graeber’s social debt versus monetary debt. | ||
The most manipulable, [[fungible]], calculable, aggregatable articulation of [[value]] known to western society is [[cash]] — [[degenerate fiat]] cash, sorry crypto bros— and it is what we describe our relationships in. Hence “financialisation”, but it needs not involve money. Reviews, five point performance appraisals, RAG statuses, star ratings, measurable criteria — anything which can be ordered, pivoted, Pareto ratioed, and put into | |||
Distils down to a worldview that analogue, informal, requiring judgment, requiring [[metis]] is expensive, slow and unscalable and therefore ''bad''. | Distils down to a worldview that analogue, informal, requiring judgment, requiring [[metis]] is expensive, slow and unscalable and therefore ''bad''. | ||
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[[James C. Scott]]’s observation that a top-down organisation can only operate by what it sees, which necessarily misses nuance. | [[James C. Scott]]’s observation that a top-down organisation can only operate by what it sees, which necessarily misses nuance. | ||
[[Robert Michel]]s’ [[iron law of oligopoly]], that at | [[Robert Michel]]s’ [[iron law of oligopoly]], that at all organisations concentrate “power” and become top-down | ||
The madness of crowds and our interconnectedness: if it was hard to be exceptional before the internet, it is so much harder now. Yet we kid ourselves that we are all exceptional. If we are all competing at the same thing, we have almost no chance of excelling. These are the [[Bayesian priors]]. But everyone of us is different. | The madness of crowds and our interconnectedness: if it was hard to be exceptional before the internet, it is so much harder now. Yet we kid ourselves that we are all exceptional. If we are all competing at the same thing, we have almost no chance of excelling. These are the [[Bayesian priors]]. But everyone of us is different. | ||