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Finance FictionsRealism and Psychosis in a Time of Economic Crisis$
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Arne De Boever

Print publication date: 2018

Print ISBN-13: 9780823279166

Published to Fordham Scholarship Online: September 2018

DOI: 10.5422/fordham/9780823279166.001.0001

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Conclusion

Conclusion

Chapter:
(p.181) Conclusion
Source:
Finance Fictions
Author(s):

Arne De Boever

Publisher:
Fordham University Press
DOI:10.5422/fordham/9780823279166.003.0008

Tying the economic and political dimensions of the book together, the conclusion surveys the work that has been accomplished in the previous chapters and suggests that the contemporary economic situation that has been analyzed is the product of an economic defense system that has produced “stock market fortification.” By this term, the chapter refers to those financial strategies that have sought to immunize the stock market against loss. In practice, such strategies have made the market less stable. The chapter calls such strategies “fortifications” following the analysis of early-modern fortifications that can be found in W. G. Sebald’s novel Austerlitz. In the end, this book takes it up for a philosophical, economic, and political “negative” that contemporary approaches to the stock market seek to deny. It is from this negative—from the precariousness of the market and of life—that our forms of life need to be rethought.

Keywords:   Agamben, financial instruments, fortification, high-frequency trading, Investors’ Exchange (IEX), liquidity, W. G. Sebald

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