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Financialization Of Daily Life (Paperback)
Loot Price: R740
Discovery Miles 7 400
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Financialization Of Daily Life (Paperback)
Series: Labor In Crisis
Expected to ship within 12 - 17 working days
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Total price: R760
Discovery Miles: 7 600
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While trillions of dollars came and went in the stock market boom
of the 1990s, the image of "every man and woman a CEO" may turn out
to be the era's lasting legacy. Business news, once reserved to
specialized papers or sections of the larger news of the day, came
to the forefront in cable television and in cultural images of how
ordinary people, through the internet and other avenues could not
only master their financial life, but move money and equity around
with the ease of a financial titan. Financialization of Daily Life
looks at how this transformation occurred, and how it is just now
becoming a significant, and troubling, aspect of our political and
cultural life. Randy Martin takes us through all of the aspects of
our "financialization." He examines how the shift in economic life
arose not only from changes in culture, but also from new policy
priorities that emphasize controlling inflation over promoting
growth. He offers a close reading of self-help literature that
teaches parents how to rear financially literate children and to
instruct adults in the fundamentals of fiscal management. He
examines just what a society that treats financial investment as a
national past time really looks like, and how that society is
transforming the world. In a country rocked by scandals in
accounting and banking, the identification ordinary citizens make
with, and the risk with which they engage in, the stock market
calls into question the very basis of our economic system. Randy
Martin spells out in clear terms the implications our financial
doings--and undoing--have for the way we organize our lives, and,
especially, our money. Author note: Randy Martin is Professor of
Art and Public Policy and Associate Dean of Faculty and
Interdisciplinary Programs at New York University. He is the author
and editor of seven books, including, most recently, On Your Marx:
Rethinking Socialism and the Left.
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