Navigating Waves of Capital and History: On Speculation and Submersion in Delany

ABSTRACT: This essay reads two texts by Samuel R. Delany— Times Square Red, Times Square Blue and “Atlantis: Model 1924”—that prominently thematize spontaneous queer encounter and the financialized production of urban space. It explores the writerly practices that open up the subjective space of sexual cultures threatened and eroded by the impersonal forces of capital, highlighting in particular the use of speculative play in “Atlantis,” to suggest it serves as a model for an sf relation to history. In making sense of the contingent conditions lending urgency to Delany’s generic intervention, the essay situates Delany’s writings within the US systemic cycle of capital accumulation, noting the distinct mechanisms of financialized real estate speculation and attendant gentrification that serve to enforce property relations and sexual norms in New York.