Template:M intro systems financialisation: Difference between revisions

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2. ''JC’s own meaning'': The [[high-modernist]] goal of reducing ''[[ineffable]]'' things to their most calculable, and manipulable ''values''. So: [[David Graeber]]’s ''social'' indebtedness versus ''monetary'' indebtedness.
2. ''JC’s own meaning'': The [[high-modernist]] goal of reducing ''[[ineffable]]'' things to their most calculable, and manipulable ''values''. So: [[David Graeber]]’s ''social'' indebtedness versus ''monetary'' indebtedness.


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 a ranked, tranched order.
The most manipulable, [[fungible]], calculable, aggregatable articulation of [[value]] known to Western society is [[cash]] — [[degenerate fiat capitalism|''fiat'']] cash, sorry [[cryptobro]]s — and it is the common language in which we describe our interrelationships.  
 
Hence “financialisation”, but in a broader sense: it need not involve ''money'' as such. Product reviews, five-point performance appraisals, [[RAG status]]es, star ratings, measurable criteria — anything which can be ordered, pivoted, [[Pareto triage]]d, and put into a ranked, tranched order.


Things that can’t be ranked and counted — that aren’t legible to this great high powered information processing system — have no particular value in it, whether or not that actually have any value. And conversely things that can be counted can acquire value even if they don't have value. There are plenty of examples of this — things that sell at a greater margin than they cost — carbonated soft drinks, bottled water — or bitcoin, fashion, cosmetics professional sports, commercial music.  
Things that can’t be ranked and counted — that aren’t legible to this great high powered information processing system — have no particular value in it, whether or not that actually have any value. And conversely things that can be counted can acquire value even if they don't have value. There are plenty of examples of this — things that sell at a greater margin than they cost — carbonated soft drinks, bottled water — or bitcoin, fashion, cosmetics professional sports, commercial music.  
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