When Mr. Apo - "symmetry" "constraint" "triadic" - Krisis accuses you of jargon mongering. You couldn't make this up if you tried. — StreetlightX
It is not the individual words so much - although plenty of them are way more obscure than talk of symmetry or constraints. It is the dense thickets of abstractions with no pauses for illustrative supporting examples.
And on top of that, the overall hesitant tone where a concern is introduced in one paragraph, only for us to be told that wasn't really it, here is the new real concern. Your posts unfold as a series of self-corrections arriving at no resolved point. Clearly you want to make some thread of an idea come out right, but all you can do is point off in a variety of directions as you meander in a maze of PoMo mutterings.
You see my problem:
But the argument is not so much that life itself becomes a commodity but that it has been co-opted into circuits of speculative finance. — StreetlightX
The key distinction is that of temporal orientation: — StreetlightX
The crux of it is that this is exactly the same commodity form as debt. — StreetlightX
In other words this cooption of life into the circuits of speculative finance converges with debt as the high-point of capitalist accumulation — StreetlightX
But even this is not what I'm super concerned with. My real interest lies in the collapse of temporal categories occasioned by such developments: by tethering calculations of risk in the present to the quite literally incalculable speculative promises/fears of the future, almost every and any 'preventative' action is licenced. — StreetlightX
Essentially what is at stake is a temporal 'state of exception' in which the boundaries between the calculable and the incalculable are effaced such that there is cartre blanche to do anything whatsoever in the name of the incalculable. — StreetlightX
these myths don't just spring up out of nowhere - the point is the chart the mechanisms that have brought it into being, and have allowed it to catch on. — StreetlightX
In this tangle of words, what you seem to be trying to argue is that there is this thing called speculative finance. And "human biology" is being sucked into its voracious maw as another asset to be monetised. Neoliberalism is a mechanism that allows every aspect of life to made tradable - and thus to be traded away in a fashion that inevitably favours the few, disadvantages the many, even though the political promise is that a free market floats all boats.
So on neoliberalism and why it is a danger, I'm sure we agree. It is a routine analysis as you say.
And on making human biology a tradable asset, well yes I guess so if you mean medical biotechnology and gene engineering. But I asked how does that add a specific form or precariousness to our individual lives (as you seemed to be suggesting in your tortured prose)?
Why would ordinary folk find that an existential threat? Instead, surely new medicines are a bright promise. Start-up companies generally excite the imagination. A generalised use of biological information has no obvious personal implications.
So in regards to the Precariat - the modern world of uncertain employment - you have made no logical connection here.
Then working back to your notion of speculative finance, this looks to conflate blind risk taking and complex risk-removing behaviour.
As you also acknowledge, financial instruments like derivatives are designed simply to amplify economic actions. So they can work in both directions. They can allow economic actors to take bigger leveraged risks. Or they can be used to insure a future outcome against risk.
Of course again there are the large and now painfully obvious shortcomings of permitting financial complexity. It creates a system that is easy to game - especially if you get the politicians to take away the market regulators.
So the economic system in theory might aim to be just - neoliberalism is not intrinsically malign as your argument appears to demand - but the Wall St elite got the safeguards removed so they could screw over nations of home buyers and even whole small nations like Greece and Iceland.
So when it comes to "speculative finance", this becomes just a pejorative term in your hands - a way to win the argument without clearly making one. It is easy to read your uncertainty in applying it. Sometimes you are talking about malign neoliberalism, sometimes about an elite of individual economic actors. Sometimes you are talking about risk-avoidance that went wrong (like CDOs), sometimes about speculative asset bubbles - overly-optimistic risk taking.
You seem aware of the variety of economic and political issues you are trying to shoehorn into a single bogeyman term - speculative finance - but when called on it, you get pissy rather than attempting to mount some further justification or clarification.
So these things need tying together properly:
1) speculative finance as one unitary force.
2) human biology as a new tradable asset class.
3) neoliberalism being inherently a social evil rather than simply a neutral mechanism.
4) the above adding up to an actual source of existential precariousness in the Precariat.