{"title":"Speculative Finance and Network Temporality in Duncan Jones's Moon and Source Code","authors":"David P. Pierson","doi":"10.14321/CRNEWCENTREVI.19.1.0255","DOIUrl":null,"url":null,"abstract":"AT T H E H E A R T O F S P E C U L A T I V E F I N A N C E A N D G L O B A L I Z A T I O N E X I S T S A grand contradiction. While globalization, financial derivatives, and digital networks have created a system that circulates capital and distributes risks to create stability and protect against financial losses, these forces have also brought instability to local regions and populations as people experience the wild fluctuations of national currencies, increased price volatility in commodities, and a strong sense of inefficacy from their governments to affect their own economies. Edward LiPuma and Benjamin Lee state that “technologically-driven derivatives” have separated out value, wealth, and the cost of money in the exchange and transaction process from, “from the state of production, the social welfare of the producers, and the political needs of","PeriodicalId":45935,"journal":{"name":"CR-THE NEW CENTENNIAL REVIEW","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"CR-THE NEW CENTENNIAL REVIEW","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14321/CRNEWCENTREVI.19.1.0255","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Arts and Humanities","Score":null,"Total":0}
引用次数: 1
Abstract
AT T H E H E A R T O F S P E C U L A T I V E F I N A N C E A N D G L O B A L I Z A T I O N E X I S T S A grand contradiction. While globalization, financial derivatives, and digital networks have created a system that circulates capital and distributes risks to create stability and protect against financial losses, these forces have also brought instability to local regions and populations as people experience the wild fluctuations of national currencies, increased price volatility in commodities, and a strong sense of inefficacy from their governments to affect their own economies. Edward LiPuma and Benjamin Lee state that “technologically-driven derivatives” have separated out value, wealth, and the cost of money in the exchange and transaction process from, “from the state of production, the social welfare of the producers, and the political needs of
期刊介绍:
The New Centennial Review is devoted to comparative studies of the Americas that suggest possibilities for a different future. Centennial Review is published three times a year under the editorship of Scott Michaelsen (Department of English, Michigan State University) and David E. Johnson (Department of Comparative Literature, SUNY at Buffalo). The journal recognizes that the language of the Americas is translation, and that questions of translation, dialogue, and border crossings (linguistic, cultural, national, and the like) are necessary for rethinking the foundations and limits of the Americas.