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Risky Expertise in Chinese Financialisation - Returned Labour and the State-Finance Nexus (Hardcover, 1st ed. 2020)
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Risky Expertise in Chinese Financialisation - Returned Labour and the State-Finance Nexus (Hardcover, 1st ed. 2020)
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This book focuses on the subjectivities of stock market investors
to explore tensions within the Chinese state's engagement in
contemporary financial capitalism. It adopts a genealogical method
to investigate how the production of foreign-trained financial
experts (haigui) and informal experts (sanhu) points to paradoxes
in China's efforts to cultivate financial expertise. Chinese
financialisation relates to the state's project of financialising
human capital in reaction to a contractualised labour market and
the vanishing welfare state. Through ethnographic inquiry, Dal Maso
shows the Chinese stock markets are crucial to the new
redistributive regime where wage labour risks losing its primacy.
Here, one can observe how the relationship between money and wages
in China is being reworked and witness the development of a new
economic order in which the state's legitimacy becomes increasingly
dependent on its capacity to jiushi-to rescue the market in times
of crisis.
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