Jump to ContentJump to Main Navigation
Reified LifeSpeculative Capital and the Ahuman Condition$
Users without a subscription are not able to see the full content.

J. Paul Narkunas

Print publication date: 2018

Print ISBN-13: 9780823280308

Published to Fordham Scholarship Online: January 2019

DOI: 10.5422/fordham/9780823280308.001.0001

Show Summary Details
Page of

PRINTED FROM FORDHAM SCHOLARSHIP ONLINE (www.fordham.universitypressscholarship.com). (c) Copyright Fordham University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in FSO for personal use.date: 16 October 2019

The Hedge Fund of Reality

The Hedge Fund of Reality

Ontology and Financial Derivatives

Chapter:
(p.100) Chapter 3 The Hedge Fund of Reality
Source:
Reified Life
Author(s):

J. Paul Narkunas

Publisher:
Fordham University Press
DOI:10.5422/fordham/9780823280308.003.0004

The chapter elaborates how the Object Oriented Ontology’s universe of things works too closely with financial capitalism, as both generate a posthuman reality. The OOO seems too preoccupied with the industrial capital of modernity and its production of stuff (objects and services) to mark its postanthropocentric ontology to consider how financial capitalism, now accounting for over 33% of the profits in the economy despite 7% of the real economy and 4% of the jobs, operates ontologically not through physical objects but through leveraging debt and hoarding value. Indeed, the immaterial objects that the OOO celebrate may include derivatives and hedge funds (themselves often pools of immaterial value). The shift from industrial capitalism’s organization around the production of objects and capture of labor to financial capital’s debt and leveraging marks what I call a movement from the logic of the object and capture of labor to the logic of the derivative and hedging of debt/value. I discuss how the reification of life works in both these contexts, and show how reification is a necessary term for thinking humans rendered into a field of assets and shares of value.

Keywords:   Anthropocentrism, Financial Derivatives, Harman, Graham, Human, Lukacs, Gyorgy, Marx, Karl, Morton, Timothy, Objects, Object-Oriented Ontology, Reification

Fordham Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .