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2023/24
AVU, UMPRUM
Teorie Médií a Umění
Harvesting Contemporary Art
Václav Janoščík
ggrachus@gmail.com
Sociální Reprodukce 1. seminář – 3.10. – 2023 ZS
Who am I X What am I? (Hannah Arendt) … What is your habitus?
From which class I have come, to which class I am passing?
Does Art cons琀椀tute its own class/habitus, or does it cons琀椀tute the passing, the in-between?
Do I want to remain the same? Am I 昀氀uid enough? Can I disa琀琀ach myself from my iden琀椀琀椀es?
Is classness a french topic?
Can I sublimate my anger-shame-su昀昀ering? Into what?
昀昀
Pierre Bourdieu
Habitus = “a subjec琀椀ve but not individual system of internalised structures, schemes of percep琀椀on,
concep琀椀on, and ac琀椀on common to all members of the same group or class”
- Habitus is one of Bourdieu’s most in昀氀uen琀椀al yet ambiguous concepts. It refers to the physical
embodiment of cultural capital, to the deeply ingrained habits, skills, and disposi琀椀ons that we
possess due to our life experiences.
- Habitus also extends to our “taste” for cultural objects such as art, food, and clothing.
Habit (individual pa琀琀ern) -> Habitus (rules of the game)
+ Pa琀琀erns, subjec琀椀ve, strategies
Cultural Capital – „skills, tastes, posture, clothing, mannerisms, material belongings, creden琀椀als, etc. that
one acquires through being part of a par琀椀cular social class.“
/Social Cap – network
/Economic - money
Chantal Jaquet
Reasons of non-rep. – Ambi琀椀on, Family Model, Educa琀椀onal Model
Context – Deleuze Gua琀琀ari (Thousand Plateaus, schizoanalysis, An琀椀-Oedipus) transgression (as THE
poststructuralist topic?)
Poli琀椀cs of Iden琀椀ty (what is?)
All pdfs on libgen/z-lib
Chantal Jaquet – Transclasses a Theory of Non-Reproduc琀椀on. Verso 2023.
Edouard Louis – Change (2021 in orig)
Didier Eribon – Returning to Reims (2009 in orig)
+ Annie Ernaux
+ Pierre Bourdieu, Baruch Spinoza, Blaise Pascal
Introduction
. within Distinction
oistinct1on
·t rs and Reproduction, Pierre Bo~ ieu and
The Inhert o . . . .
In d Passeron examine how educat1~ l ins_ tutlons
Jean-Clau esocial era y and ~-:1 - t1on. . i
perpetuate . . . .
Although it cause a stir among idealists who believed 1n
the virtues of e~ state educ ation , the thesis has
come to be ~ dely known and accept ~ The education system
reproduces the ~xisting orde: 1 on the one hand by ensuring
that scions of the aominant classes obtain the best degrees
and, cultural capital in hand, occup y the most advantageous
social positions; on the othe r, by legitimizing academic rank-
ing, the success or failure of individuals, by recourse to innate
qualities and an ideolo gy of 'giftedness' that transform social
selectioninto penalty for personal deficiency.
. Yet ed€ a' n represents just one of the _sogs of reprod uc
t1on. More generally, the process relies on handing down a
7 =
familialand social legacy from one generation to the next. This
inheritancedoes not boil down to the trio of material assets
knowledge,and power. Bourdieu bases his theory of reproduc-'
tio~ on the transmission of four types of eapitaTI ~n o~
capital,~ capital, ~ci~apital , and ~bo~ caprtaf.To
the economic, cultural , anct'social resources confe rred on indi-
viduals by wealth, theoretical or practical knowledge, and the
I
TRANSCLASSIS
2,
INTRODUCTION
4 Ibid., p. 84. .
5 Pierre Bourdieuand Jean-ClaudePasseron,!he lnh~tors: ~,enc,,
Students and Their Relation to Culture, transl. Richard Nice (Chicago
Universityof Chicago Press, 1979), P· 1 5·
6 Ibid., pp. 10-11, 2.5.
4
\NTROOUCT\ON
re se
r brea
thlt
n•
. ,it but ..,s\ o by cu\ti
,ng ' . \ "re hhorious
k w1t l me ,
-~
v~,tiru\it with an case an
. _. • Conversely they
reproduction and expr
.
d grace
ess
>
· e cr ca n ..lvast e,,thcir cultural
genutn \can,rin it).
di\ettantish ' attit. udes in .
ht,.rita,~e ,s 10'~ g school or extrava-
. d" .
societv leading eventua l\
y to t \1eir
· ru ·
T •
t spcn mg 111 1 in.
gln - 1\. noun.lieu and '
seconu ~' Pa ss er on observe that some
1)
is
dren from d adv·intaged backgrounds manage not to be eh
chi\-
•
l
. . J in the educational select . m-
ion process; they attribu . .
inlte te th is
to gre..,ter adaptability to l . . f h'
t 1e exig enci
es o teac ing an a d
supportivefamily environ1
ne1~t.Even though the
not go into this phenon1e authors do
non 111 depth, they enco
researchby emphasizing urage further
the 'need for n1ore deta
the causes or reasons iled study of
which govern these
exceptional
destinies',7
That is why the logic of th
e the y of repro ·on requi s
~s to examin~
o obtain a fuller understand-
mg of their status and sc
ope. The 1dea of non-re
must be carefully consid production
ered and merits closer
the value and scope of 'non attention, for
-' cannot be determined
In strictly logical terms, a priori.
negation may express
tion or contrariness. In th contradic-
e case of a contradictory
eproductio .~,n,1....,,e, opposition,
-re roductio cannot
quently,if one is true, the ot coexist: conse-
her 1s necessarily false. A
in the case of a ntrary lternatively,
ositio the two theses ar
ible. In short, the point e compat-
is to nd out whether
disproves or proves the an exception
rule. At stake in thi ·
nature of human power uiry are the
and the range o erso
, r---r--
Noq-reproduction brings
mo e o . into play the ossi 1 ·
..
tence w1 1 an esta 1_..,. 0
na reedom.
inv~n mg
orde m the
____
5
TRANSCLASSES
A琀�tudes…
- - Poli琀椀cal reading (of the pol. Systems of future soc.) … turbofeudalism
Fisher – dystopia as the absence of future
- Worldbuilding – onto-imaginace, mythopoe琀椀c, ooo, sr etc
- a昀昀ec琀椀ve reading – focus-iden琀椀琀椀es, coreOfDystopia-trauma
Enlightenment – ra琀椀onality X aesthe琀椀c / roman琀椀cism – primacy of the aesthe琀椀c (over the ra琀椀onal) >> today
aesthe琀椀c subsumed to the ra琀椀onal through technology (fusion of computa琀椀on and media)
Image and reality switching their places.
Gaming and worldbuilding – cosmic pessimism / specula琀椀ve 昀椀c琀椀on / wow ontology / abstrac琀椀on / Cosmotechnics
Eugene Thacker / Donna Haraway / Tim Morton / Reza Negarestani / Yuk Hui
Yellow jackets 2021
Last of Us 2013 / 2023 Shauna - normie, nevěra, vášeň >> Callie Sta琀椀on Eleven 2021
- Joel (Pedro Pascal) Taissa - queer, ambi琀椀on >> Sammy - - Jeevan - the caretaker
- Ellie (Bella Ramsey) přenos traumatu (sacri昀椀ce)
- Bill (Nick O昀昀erman) Misty - perverse a昀케rma琀椀on (of trauma)- - Kirsten - the hero ((tragedy))
- Franka (Murray Bartle琀琀) Lo琀�e – psychodivergence - Miranda - the creator
Natalie – trauma (father) - Tyler - the prophet
Jackie - cheerleader - Arthur Leander - the model
Laura Lee - religious tragedy - Clark Thompson - the king
tragedy = form of (non)reconcilia琀椀on of opopsites (individual X cosmic, freedom X poli琀椀cs) (Yuk hui, Bernard S琀椀egler)
was not 'economically realistic', and the miners were cast in the
role of the last actors in a doomed proletarian romance. The 80s
were the period when capitalist realism was fought for and estab-
lished, when Margaret Thatcher's doctrine that 'there is no alter-
native' - as succinct a slogan of capitalist realism as you could
hope for - became a brutally self-fulfilling prophecy.
Secondly, postmodernism involved some relationship to
modernism. Jameson's work on postmodernism began with an
interrogation of the idea, cherished by the likes of Adorno, that
modernism possessed revolutionary potentials by virtue of its
formal innovations alone. What Jameson saw happening instead
was the incorporation of modernist motifs into popular culture
(suddenly, for example, Surrealist techniques would appear in
advertising). At the same time as particular modernist forms
were absorbed and commodified, modernism's credos - its
supposed belief in elitism and its monological, top-down model
of culture - were challenged and rejected in the name of
'difference', 'diversity' and 'multiplicity'. Capitalist realism no
longer stages this kind of confrontation with modernism. On the
contrary, it takes the vanquishing of modernism for granted:
modernism is now something that can periodically return, but
only as a frozen aesthetic style, never as an ideal for living.
Thirdly, a whole generation has passed since the collapse of
the Berlin Wall. In the 1960s and 1970s, capitalism had to face the
problem of how to contain and absorb energies from outside. It
now, in fact, has the opposite problem; having all-too success-
fully incorporated externality, how can it function without an
outside it can colonize and appropriate? For most people under
twenty in Europe and North America, the lack of alternatives to
capitalism is no longer even an issue. Capitalism seamlessly
occupies the horizons of the thinkable. Jameson used to report in
horror about the ways that capitalism had seeped into the very
unconscious; now, the fact that capitalism has colonized the
dreaming life of the population is so taken for granted that it is
It's easier to imagine the end of the world ..
昀昀
1977
Death of Chaplin – human-face-
capitalism // RAF dead // StarWars
franchise start. //. Bologna student
riots. // SexPistols – NoFuture
DavidBowie – Heroes // TheS
tranglers – NoMoreHeroes
De昀氀a琀椀on crises
- The crisis of 1905–1920 was resolved with a shift from robber-baron capitalism to large-scale business enterprise.
- The crisis of 1928–1948 saw the rise of the Keynesian welfare-warfare state and large government. "Unregulated"
capitalism ended.
- The crisis of 1968–1981 saw neoliberal globalization, increasingly worldwide capital flows and the closing down of
the Keynesian state
I €S'9~~
oo ng c. r Watch -,. transforma-
1 king at the ty
1 cro.rn a
pe ril ou s v: towet a scte . · hnology whose aim is the
.
oo e Poin/ It 1s a tee abor- 1m · mto~,
cy of ti.me, bur als0antag ~gy- f . e into labor, and
..W. ;,
~r
where time ca n bc1
e neg · ated and g
ot1
at th
e city
' l .
t1on o om sformation of our re at1on w1. . nature
'th
In 1977 Ch rl1. e Ch ,I: and the rran
!~
overned umption.
(!) , a :Ail n die d B . I f scarcity' need, and cons f
want to rememb
O o
: , ,, into one ject of the sci en ce
1977 is th~ Ut I also But since 1977, the pro
),~~ -·_ Steve Jobs and _;r et atWozn:-'- . Year When (or technology, I don't know
) is the sub-
~vu~ ~~V
- l~, In their ships to one single goal:
;r,
,
ga e m"Sif1con Va
rag ~human relation
created the user-fri::11
interfaces for the di . ., ~ompetition. Now
cc let tion and lllandatoryy ~.competition ,.....f ompetition
unification of t'Ime. T he A "c~ petition" h.;;·become.~
a natural word, a normal
. e!?trade.rnark Was
registered in 1977 . because "competition "
word. This is not right,
That same veu the Metropoli I . means violence, war.
· th J' ,
tan nd1ans rioted mpetition. Otherwise,
in e streets of R the This is the meaning of co
banks of the Th om e. and Bologna; and on of words. You forget tha
t
ames in the. Queens Jubilee, a , you forget the meaning
ng B .. h s1c . Deleuze a.IJ.d Guattari , in
grou p ~ £
ou
rit is mu 1 fc h competition equals Wc!,r,
• . foture. Don' h. ans or t e first time try to define fascism ;. and ..
-..
\A cne4 rio A Thousand Plateaus,
~,.,// don,t have onf.' t t S1~dk a~~ut your future
d th
. You
they say~ is when
a war machine is hidden
' \..
s . t 1 -- V1c10 an / -,,,
_ ...:.:~-·-- -- ~amed
final premonition f:;; i-, --:
ec ared in 1977 was the
e other
he
i every-niche, when in
crann ~ dai!JJife a war
every nook and in every
machine is hidden. This
W~:
end of industrial caopn . ale' nd of odern .imes .
d th is fascism. r ;"
1 er 1s is the most --
ism an of
, a new age.!. which is • age of'total . 1e egmnmg So I would say that o
1 _b
an VIO ence: financia
l _,] t
g O aliz~tion "'d eregu 1at1on t 0 tal
-... . ism in terms of Deleuze and
• I:'. ~
~ -- ' competition,
pe rfe ct for m o asc
is the conceal- '3'
mnnite war. Guattari's definition .
. . ~ _!!_ishe of daily life: =:::;
If capitalism Wants t o contm ue to ist in the
ex me nt of a
history of manki d h the history f n is fascism perfected.
n ' t en al . 1
ki the kingdom of competitio
h to o ma n .nd
as to become a site of
t v10 ence, because only
dy/ 95
94/Th e u Pfl·51·ng: On Poetry a~" ' F. ge, Economy, and the Bo
' ""' 1nance
4 hold ,be l,eaSt in abeyance l...]
"'" trh''d co p1iCS shares the language of psy·
0 .
depres510n, lows and
'fbllS econ o"" .
inflauon,
POETRY h hol\urnps
ch0. pat t:,1' and peaks, investments and loss-
AND FINANCE
betg•ndt, 5
5 th< .
,cono"'Y remains .
caught .m man1pu-
es, .... of acting stimulated or depressed, drawing
1auons
at«ntlon to itself, egotistically unaware of its
oW• soul- Economists, brokers, accountants, ftn-
,nciets, all assisted by lawyers, are the priests of
EMANCIPAT
ION TOF HE SIGN·
the cult of money, reciting their prayers to make
FINAN CE IN THE
the pawer of money work without imagination.
.;;-- ·--~ I\..WENTIETH . POETRY
¥- X 20
7~ENTURY ANO (Sardello 1983, 1-2)
...
ey. are noth.
no~vuUlltg_and
age have s
the omething in Fin~~ based o e auto omiza- 63
the ling 0Utsymbo1 Y. move everyrh· common:
rion of the dynamics moru , but more deeply
i
Y have the power s,fconven tlons, · in The
act Yare on the autonomization o value production from
, to work, to o persua ·n h tus vocis, but
transfor g uman .
M ----- '- m physical th" eings to the physical interaction of things.
The passage from the industrial abscrac1..• · _ _________._ !
o~ey mak-' . _....-,:;; mgs.
es th· work to the.di ital abstracti of wurld implies an '
action
. m· the world · is the
mgs ha ppen. It
w immaterialization o t e labor process.
e invest in and perha s source of
every . Perhaps . p the onl
y power
J n Baudrillard as proposed a general semiol-
. other val tn every oh
giving money';;,' bankruptcy hast er respect, in ogy of simu auon based on the ~remi~
demanding e power of been declared of referentiali , in ,he economic ~II as m the
I to b some ' linguistic ,e\d. In The Mirror of Production,
onger persuades e recognized. Ee sacred deity,
Baudrillard writes: •need, use value, and the referent
cannot make the bmoney to heh onomics no
ave. Numb ers
)< 'do not eidsY 'fh<Y are only concepts produced
east lie d own and
sit up and d o tricks b ~ed into a generic dimension by the
al 0
ong, econom· · Thus as e quiet "' f the very system of exchange
,
eco nomics is ics falseIy imitat we suspected allr 0
a ne urosis f es science. A t best,
money, d evel oprne••
,, (Baudrillard 1975, 30)
0
, a symptom v alue.
Poetrv and Finance / 135
134
20 Why write a book about capital?
. hy write a book about capital? 21
w~rld, ho~ it impo~s its will on_society, how it tries to mec
being~. It 1s t~e architec ture of capitalis t power. haniie hun,an fer to imagine two ities'. The lirst entity is the
This architec ture, though, tells us very little about the h whose pattern is in ed on so · ty. The gyration s artd
are subjected to its power.Of course we observe the1·r 'beh av1our' u_man beings Wh 11 of this creorder can
be S\ te to a s stematic , quantitative
' h . o
f 't cap1t~lt · ·
stthreats, their 'choice' of capitalist temptatio 't eir 'reac. d ow The second entity is a 1th umane soc1e . This society
ion o
~lose_to ~othing about their consciousness,aware ns. Yet We know th~orY O stly as an unknow n potentia l lally, 1 1 ormant and ti-r_,.
~m~ginat1onand aspiratio ns. To paraphr ase Cornet ntentions ~,o~t~btnl Occasionally, though, it erup t ten without warning , to c
inv1s1 e. times threaten the .mst1tut . . f . 1· h
~s hk~ a •~agma ' to us, a smooth surface that m - -.---= ... humanit;
e 1ons o capita 1st power. T ese eruptions _
and som f II be
he time its movements are fairly predictable But und h . i Most of and their conseque~ces - do not o ow a pre-set pattern . They cannot
Ian . a er. t surface lurk
au~onomous qualities and energies.
neither describe nor comprehend the
The
f. ge of cap1tahst Power c
. It kno an
stematicallytheorized .
sy For this reason , we do not pretend to offer a . ral theory capitalis
t
nothing about their magnitude and se q~a 1t1es and energies . ws • ty • We limit ourselves to the study of th capita I reorde only, the
and how. they w1·11 erupt. potential. It can never ant" • 1c1pate when soc1e orld from a
d amic order of those who rule. To rule mea to see tn
Consider that none of the d" . logic, to be subserv ient to your
pun its - communist or anti-comm . •yngularviewpoint, to be locked into a unitary
foresaw the col sin n architecture of power . Domina nt capital cannot deviate from the bound-
liberalism was altho th . un1st -
~~es of this architec ture, even if it wants to . Its individu al member s are forced
in France. Thi milarl ""'-~ e Victory of
im 68 revolution to accept the very logic they impose on the rest of humani ty. And the more
century. And yet, even a few d po~nt revolution of the twen . predicta ble they themsel ves
effectivethey are in imposing that logic, the more
~~servative or radical- had a clu:y:s~:~:tits explo~ion, no sociolo;;~t~ become. This is why their world can be theorize d and to some extent
start 20~3). The story repeats itself with th was coming (Anonymous 1968· predicted.
in
'orie~~s!;.~:Jhe uprising took everyone~y~:st ~ale~tinian_Intifada tha~ Over the past century, the power logic of capitalism has been incarnated
the belief that there
Th ~~~~hodox PLO establishm rp se, mcludmg the critical the process o~a~ that is to say, in
reaso;seThr~lu •• instancescannot be thent: The list goes on . is a 'normal r~m'~italists are obliged to 'beat' it. This is
'- · ey are rooted in the or,gznal . . eonzed easily d c gy . Instead of the Holy Scriptures, we
cannot be treated . . spark of free h ' an ,or a good the gist of the new capitalis t cosmolo
Arthur K ' _as nits m .. uman creativity. '[M]en now have the universa l languag e of busines s account ing and corporate
. oestler, because t ey ob i ,
. s c , observes finance. The power of God, once vested in priest and king, now reveals itself
mte, which dislocate all h
and creativi ty cannot :at ~mattca loperatio ns' (l 949. 76) ~nd the inti- as the power o~ v~sted~investor '.
-' They cannot be predicted ~Y~i:e~_or reduced to hist~ricaiyiie1roriginal
ity And as the~~ spreads and penetrates , the "".orldseems
the
Th5t!re~·~ue. a ically. They do folio aws of motion. increasingly 'determmistic' . The determinism of~~ ts now
w a clear pattern . ne'stim ate 'devi-
. Karl arx the first to inv . ~ft~', the benchmark against w~eca
1?ed to use the two movem ations' 'distortions , ' risk' and 'return'. It is a logic that looks unquestionable
smgle language. For h · to those who rule and omnipotent to those who are being ruled.
------=-- t this determinism of capitalization has nothing to do with 'Jaws of XN
'
ical st le of
analysed b~ one b~sic lo
this
ers
fusi
--~--..... ..,,
.i..-::i.,. __.,
-....;..:,-
r into a
e po lit-
om and
> ature , or the 'inevitable ' p
ru mg class, and only of th ruli
ssi
lass
f history . It is the ~l)f(s m of !he
It works only insofaX s the ruhng 6~
..x._ In ou~~ •
most of the time. However, huma~
<:J Cl, the Iogi~ur (and class rules. Admitte dly, that appe
this
not denominate the pee -.-~- impose beings do have the capacity to understand the autonomous nature of
e can- rules are imposed on the~ by
_ u~i~s of abstract labour '>(_lsieterminism;. And when they realize that the
genous
p f .·\
, ,,,,.. J I distinct processes, each
flf'l~;;;;Jt?h;,:;p..,...l,J) are two other human beings, deter~sa~pears, repla~~~l~:-~ :;~~o :-
1...,r \ these two processes is ical instant- by the hum)Kfeprom1sc?"Qt_~.mocrac.
D /A !.·'": ) itself cannot be understo od with ____ '111'll& l!lrr;-- clash of
---------- e dialectic I
I
- - ~· I,
J1 Caatoria disdevelops the ontology of the ma
Chapter7 or 1'1r. I
of Sot:wty (1981). 1,..Q,,"4,
)' bi,,i11111on \
I
Fiction, mirroror distortl ?
on. 181
180 Capitalizatio n • . ,
. said to invert dunng a bust. This 1s where fie .
. urrent replacementcost. But the thin line is differ
red 1n c this line shows the rate of growth of capitaliza,ent. ~ereas
Th
eprocess1s . ,
decelerates but investors, aee1mg as 1f • ar kick
the sk . a1.n l'b
'real' economY.ces far m;re than implied by the 'underlyi~t~ falling, b'e
1-;e,,e
511
10.3 here it shows the actual rate of growth 89 It t7in 1t1pulated
i~ theon',drnar ts. And the differencecouldn'thave~ olded on the
down.asset P~ous illustrationis offered by th r at De reg . Producti~d ~y 11d b0~ sta
cap · ti.on, insteadof amplifyingth rker.
capae1ty. A fa from 1928 to 1932, the dollar value of corpor ssion. Durj e .,oe~ 8 auon ""· • • . . ose of 'real'
fo:~;~~
the
cont~ ed ~r 20
per cent, while the market value of equities coft:"ed
cent (we have no aggregate figures for bond5)Psed by 111
asS::
,. fllegyr tlY the oppos1ce ect10 . It 1s 1mponant to
in e~c ot with short-term ctuationsof the busine!otethat we are
assets,
70ng occurredduring the 1997~ ian fina~ 111\ 0ghere n waves of roughly 30-yearduration. Funherm cycle, th but with
\ ampliJi~~t ial crisis •• A sirniJ•• 1011s·te~J11gbut accidental.In fact, it is rather systemati~re,h e pattern
'undershooting· occu• • • • With uthtn t h
ontractingby so per cent m many cases, against a growth lllarket "' 'f(•1
,,,.flls a0r f 'real' et ece1era es, t e growth rate ~ap ... w enever th .
. .
value c oderatedecline in the dollar value of the 'real' capi'tal slowdoWn .,,.. ,h rat o
1 1zat1on accei
e
or a very m . . 1s. clear.. the 1rra
the relationship . t'1onaI coIIapse of 'fict't• stock 91
,0 "''andalitY
here, too,exaggerated . Yet erates: viceputsa.the worl
h 'th the rational
. 1ious va1ue' . tt ead. One could perhaps concede t
moves toget er w1 decel flt!S re do not have a mater1a quantum-yet pretend as we ha
however. , ' eration ' '
hai
'productivewealth • . . . . of
's bounded irrationahty1s illustratedby the thm line in F'
Th 1 h . I I d tgure 10 3
Note that this series is a hypo~ euca construct.. t escribeswhat the .. 25
capitalizationmight took hke when neoclass1calorthodoxyis growth percent
0f b · Market Vatu, of Corporate
by 'irrationality' and 'market a errattons' . The value for each augmented . Equltln & Bond,
· · d . t
hypotheticalseries is compute m wo steps. F'trSt, we calculatetheYear d tn . .the 20 (annual % change)
of the growth rate of the (smoothed) 'real' series from its historical eviation
if the smoothed growth rate during • •the •year is 8 per cent and the h~etan _(so
is oncal 15
mean rate is 6.7 per cent'. th.e dev1~10:,1s 1:3 per cent). Second, we add 25
times the value of the dev1at1ontot e 1stonca1mean (so in our exampl h
x
hypotheticalsmoothedgrowth rate would be 2.5 1.3 + 6.7 = 9.95 per~
The coefficientof 2.5 is purelyarbitrary. A largeror smallercoefficientwo:ld
\e 10
. Tobin'sQtodecline. -5
And so everythingfalls into lace. Tobin's Q averagesmore tha l ue to
www.bnarch1v11.~t1
an invisible,yet very mtangi revoluf . And it fluctuates eavily -
admittedly because the market is im ect and humans are not always
1930 1940 1950 1960 1970 1980 1990 2000 2010 202°
rational- but these oscillationsare safely bounded and pretty predicable.
Capitalizationindeed deviates from the 'real' assets, though in the end it Figure 10.4 US capital accumulation:which is the 'real', which the 'fictitious'?
alwaysrevertsback to the 'fundamentals'. Not · Th · f , · holdin.. by US resi•
den e. market value of corporateequitiesand bonds 1s net o ,oreign ,,..
Or does it? ts.Seriesare smoothedas 10-yearmovingaverages.
/ Source:See Fiaure 10.2.
I The~azy 7 Gi
. . . (beore1ical value in
oom.ven ~ur rejection of 'material' measures of capital, .there 11 : 'real' 1enns. But just
It turns out that while the ne-~-•e~- were busy fortifyingthe faith,
the gods were havingfun with":~::: ~suit is illustratedin figure 1o.4
to :"g the growth of the two series when measured 111 -'°1·1
•cc deflator of gross
in use the scepticism,we deflated the two series by the unp ici~n result is similar to
~:~ere~ th ~riesagain are smoothed~s IO-yearmovingaverages).The tltic! Fi'IC$1Jnent and calculated their respective 'real' rates of change. e
'as m Figure 10.3, shows the rate of change of corporatefixed asse l&Ure I0.4: the two growth rates move in oppositedirections.
r1~0 .
Capitali:atton .
182 ehow this nonexistentquantum is Pro
to do here, that som Id further accept that the doIlar value Porti
f, 0ttate to , capitalization
f dollar pri~- one couitexcludesthe invisible'dark matter' 0 t
teat• llsse 1ta
misleadingmsofart:fthe total) - yet nonetheless be conJntanKibte11,ts~ t1 i:;let11entaryparticles
(up to so. per ~:ie assets follow the same pattern as the n~ that
invisibt~ntangl could allow economicagents to be irrationv~thlo..ta118ib
1
---
1
... capt
·1at'sts
1
saw their capitalizationgrowth dwindle. And when tht e fastes~
• h d d ·
a urmg the 19
. ·zatio uses a ~to ~ treani of ture min to Der
.... 'real assets' decelerated- as 1t 50:"~~=--
.. ~;:.·:•~ vatu
~60s e of pi.-'".....-· "'""u . But th1~ s . men-tis-~el'}'. o~aque and lac mg in
again, during the I9~ - the capitalistswere tauglimgall th~ ::d, t ei~ P 1 earningsare bemg,.d1scou~ted?Do cap1tahsts'know'what these
deta~I. are _ and if so, howy'What discount rate do they use? How is this
./ 'Z to the stock and bond markets. y
Given this dismal record, why do capita · conti to empto earningtsblished?Moreover, accumulation is a dynamic process of change
mists and subsidizetheir universitydepartments?>l'l [J)u-ldn't they fire~hecooo- rate es a . , 1· . d h " . . . ,
involving the growth of cap1hta tzadttona~ t erhe1odr~ va~1at1onsm earningsand
. ?N I d ..__ emau
and close the ta~ of aca . ey· 0 a , a~ for the simplest of the discount rate. What, t .en, etermdmes td ~f 1rect1on and magnitude of
reasons: misleadm xplanat10 he ttentt from w t ll 1hese
variations? Are they mterre1ate - an t so, how and why? Are the
·
matters. The ~?nomlffl-w.l. lll_Id ha e us e1·~eve th at the 're ing' isreathey . h' s~able, or .d they chhangew1th · time?
·
patterns of these relat1ondsfi1ps
Academicexpertsan manc1a1practtt1oners ave saved no effortin trying
stock~and hat the nomt~~ s th.ii reahty' with unfortu- 1 answer these questions. But the general thrust of their inquiry has been
nate · . This view may appeal to ~ but it has nothingto do ~ ticaly d~ . Explicitlyor implicitly, they all look for the philos-
with t ;{1 tt o umulati . For the capitalist, the real thing is the opherrsi one. They seek to discover the 'na~ ce', the
no · a capi i uture earni s. This ap1 · at10 is not 'connected' universal principlesthat, according to Frank Fetter, have governed capital-
~ ~ ty; · · e reah . An w at matters t at rea t y is not production ization since the beginningof time.
..... / ~ sum 10n, owe This nominal reality of power is the capitalist The path to this knowledge of riches is summarized by the motto of the
J,::;J" nd that shout u startingpoint. Cowles Commission: 'Science is Measurement'. The Commission was
founded in 1932 by Alfred Cowles III and Irving Fisher, two disgruntled
investorswho had just lost a fortune in the 1929 market crash. Their explicit
goal was to put the study of finance and economicson a quantitativefooting.
An_d, ~n the face of it, they certainlysucceeded.The establishmentof ~uanti-
lative Journals, beginning with Econometricain 1933 under the auspices of
I ~he Cowles Commission,and continuingwith The Journalof Finance(1946),
' °!'rna/ of Finance and Quantitative Analysis (1966) and the Journal of
~lllan~ial Economics (1974), among others, helped transform the nature of
:n~al research,And this transformation,togetherwith the parallelq~an-
~catto~ of busin chool curricula since the 1960s, turned the analysisof
n lassicalecono cs. 1
---
ance into a echani e ·0
t Por_aa_____ _
Ptcts of this transfonnation,see Whitley(1986) and Bernsiein (1992>·
I
Joker as Curator Teorie Médií a Umění // Harves4ng Contemporary Art – 5.12. 2023
Did contemporary art begin because of the advent of curators? Rela9on of pop culture and curatorial discourse? Is Joker jus a
deranged ar9st, or is he the first curator? Are (celebrity) curators the villains? Would you study at the Joker’s Art In9tute?
Alfred S)eglitz - 1911 – fisrt cura)ng 1938 – * Superman
Alfred H. Barr – 1939 – defining museum cura)ng 1939 - * Batman
Arnold Bode – 1955 – Documenta * 1940 - * Joker
Harald Szeemann – 1968 – independent curator * 1954 – Comics Code Authority
Magiciens de la Terre - 1989 – postcolonial condi)on 1966 – Batman TV show with Adam West
(the most important global topic upto date) 1986 – The Dark Knight Returns – Frank Miller (Batman got old
Hans Ulrich Obrist „HUO“ – the no1 celebrity curator and cynical) -> DARK AGE of comics
Nicolas Bourriad – 2009 – the peak of curator power 1989 – Arkham Asylum – Grant Morrison (Batman gets Mad as
Sun & Sea (Marina) – 2019 Joker)
Documenta 15 – Ruangruppa – 2022 – aVack on 2009 Dark Knight Returns – Christopher Nolan – peak of realist
curators and artworld superhero movie
2019 – Joker – Todd Philips
2022 – Batman – MaV Reeves
LIVE PLAYERS X NOLIFERS Teorie Médií a Umění // Harves4ng Contemporary Art – 12.12. 2023
What is gonna bet he next vibe? In whoose control or interest it will operate? (Do we even care?)
Is artworld just a bank of cultural and social capital? hJp://khole.net/about/ - trendforecasCng
collecCve
1 Warhol chronopoli-cs of fashion / 80-es
NORMCORE: a style of dressing that
Next shi) – without coherent elite involves the deliberate choice
2 BOOM BOOM of unremarkable or unfashionable casua
Why? Money is agency—or at least our era’s most legible form of it. l clothes.
Shi) in power – now no leader -> When the social stack is in flux, Vibeshid = describing the moment as a
everyone is a live player. major point of cultural inflection, when
3 MELTDOWN MODE popular tastes undergo a rare sea
There is a triad of capital—financial, social, and cultural—and only those change
who hold all three forms can be considered true elites.
FINANCIAL CAP - As the only form of capital you can create individually,
it’s also the easiest to accrue. You can’t build social or cultural capital
alone. Those are team sports. 6 GLOBALIZATION AESTHETICS
cyberspace. And it'll freeze the enSre species. Everything will
SOCIAL CAP is the Holy Ghost of the Trinity, the most ephemeral of the
stop dead in its tracks. Everyone will think the same thing at
three. It consists of trust, networks, relaSonships, norms, values, and
purpose. the same Sme.
CULTURAL CAP the underdog of the pack. Probably because it relies Global uniformity
enSrely on knowingness. 2000s -perspecSval, madonna, imac, globalizaSon was a
horizon
-> People worry about culture because they know it sets the agenda for
the future. Vs 2010s – flat, monochrome, iphone brick, vectors
And who wouldn’t want to be in charge of that? 7 THE TECHNO-OPTIMIST PITCH
But TECH – rejected culture… “We had a problem of isolaSon, so we invented the Internet.”
Did the Internet solve this problem?
The collapse has been so complete that its no exaggeraSon to say that
8 SOCIAL SUBSTITUTION GOODS
there are mulSple realiSes co-present in the United States and we have
no clear path to negoSate mutual intelligibility between the them. The Internet did not solve isolaSon so much as operaSonalize.
In 2023, the throne is empty. You can now be isolated and work. You can be isolated and
4 COLLECTIVE ACTION PROBLEM date. You can be isolated and socialize. Never before in human
Last decade, the shi) away from gatekeeping and toward history have so many people lived alone. Without the social
democraSzaSon, fucked all this up. subsStuSon goods offered by the Internet (Zoom, Raya,
The flight to social media fla^ened the disSncSon between legacy Instagram) this would be impossible.
brand—Vogue, Random House, MTV, Hot 97, MoMA, even The New 9 THE INTERNET IS MUNDANE
York Times—and internet personality. First, we let go of memory, and gave that to the cloud. Then,
Online:
5 THE CULTURAL LIFESTYLE we let go of idenSty. We gave that to social media. Next, we
We used to believe we would find agency online. Today, we know gave up choice. That went to the algorithms. Finally, we
agency comes from other people. conceded emo-ons. Memes now coordinate which current
a good party is something money can’t buy thing we should be upset about. Today, some are trying to
outsource thought to ChatGPT—or at least the lower forms of
it.
- For naviga/on a usefull ar/cle on vibeshi6 nad Monahan: 10 ENTER THE NOLIFER
Thus the Nolifer faces a choice: he can either follow the path of
A Vibe Shi6 Is Coming. Will Any of Us Survive It? the normies and become an NPC (non-player character) or seek
- Sean Monahan, LIVE PLAYERS. 8ball Report: his fortune elsewhere—beyond the apps.
hMps://sta/c1.squarespace.com/sta/c/5d9e32554234c5224cd16771/t/65690a4963663c7d4b8dY8e/1701382734495/8Ball—
11 EXIT THE LIVE PLAYER
Live+Players+Pt+1.pdf For live players who think it’s Sme to build, the Internet does
not provide stable ground. Only the past can do that.
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REPORT N O 22O231120—34.0549° N, 118.2426° W
We used to believe we would Þnd agency blood red. Disoriented, we amble out of the
online. Today, we know agency comes from warehouse to an Uber and head to another
other people. In an era of change, small groups party.
do big things.
During the crypto bubble, tech took a page out
We can see this in the recent phenomenon of of the fashion and art world playbooks, realizing
clout bombing (as Brad Troemel calls it)Ñthe travel itself was the contemporary cultural
strategy of leveraging massive group photo-ops lifestyle. NFT this. ETH that. There were festivals
for fashion brands like CŽline and Heaven by and assemblies and camps.
Marc Jacobs as proof of cultural relevance. Like
the now defunct hype houses, internet This fall, at Urbit Assembly in Lisbon, a Zoomer
personalities realize clout is interpersonal. They tells me, ÒThere arenÕt enough hot people here. I
seek alliances and a seat at the literal table. need to join another subculture.Ó Networking
(See: Gonzo Culture Pt. 2) has had a comebackÑwhich means the quality
of the people deÞne the quality of the event. A
This is the self-selected avant-garde. You see it good party is something money canÕt buy.
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a good party
is something
money can’t
buy
GLOBALIZATION
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AESTHETICS
THE TECHNO-
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OPTIMIST PITCH
SOCIAL
SUBSTITUTION
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GOODS
Americans, in particular, report being lonelier WeÕre experiencing a vibe shift akin to the
than ever. The Internet did not solve isolation so collapse of communist faith in the late Soviet
much as operationalize. You can now be years. (AndreessenÕs Hail Mary piece is, after all,
isolated and work. You can be isolated and a manifesto.) Fellow travelers of the past had to
date. You can be isolated and socialize. Never account for Actually Existing Socialism then.
before in human history have so many people Venture capitalists must deal with the Actually
lived alone. Without the social substitution Existing Internet now. We can no longer speak
goods offered by the Internet (Zoom, Raya, aspirationally about what the Internet may
Instagram) this would be impossible. become, only about what it is: a Potemkin
reality.
In a business context, digitization was just a
hostile takeover. Digital substitution goods were
cheaper, more convenient, and more scalable
than their pre-Internet competitors. Max may be
digital cable with slightly worse content, Uber
may be digital cabs that price gouge you when
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