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Indebted To Intervene Critical Lessons in Debt Communication Art and Theoretical Practice 1st Edition Oliver Vodeb Nikola Janovic Kolenc
Indebted To Intervene Critical Lessons in Debt Communication Art and Theoretical Practice 1st Edition Oliver Vodeb Nikola Janovic Kolenc
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1
IN-
ED
1
Oliver Vodeb: To my daughter Mina who
shows me everyday the power
of love- it is more powerful than
any debt.
10 Intro
TXT Oliver Vodeb, Nikola Janović Kolenc
TXTS
14 Debt as a Mode of Governance
TXT Nikola Janović Kolenc
26 Indebted Interaction: The Wages of the Digital Economy
TXT Mark Andrejevic
40 From the Fetish Character of Commodity
to the Fetish of Interest-Bearing Capital
TXT Sašo Furlan
VISUAL
COMMUNICA-
120 Party’s Over, Starts Over
AUTHOR Lydia Dambassina
Greece
TION
COUNTRY
PRACTICE
AUTHOR Katarzyna Pagowska
COUNTRY Poland
124 First World Problems + Consumed
AUTHOR Ashlea Gleeson
COUNTRY Australia
7
CRITICAL
WRITING
156 Surplus Debt
AUTHOR Søren Rosenbak
COUNTRY Denmark
178 Reconsum
AUTHOR Lukas Lehmann
COUNTRY Germany
BEYOND...
180 Let's Play Tag: Culture jamming Harvey Norman
AUTHORS Paul Kimbell, Nicola Paris
COUNTRY Australia
182 Call Centre Experience! Contact Centre Emulator
AUTHOR Ivan Kozenitzky
COUNTRY Argentina
INTRO
11
Oliver Vodeb,
Nikola Janović Kolenc,
Brisbane and Ljubljana,
December 2013
13
TXTS
14
DEBT AS A
MODE OF TXT Nikola Janovic Kolenc
GOVERNANCE
1 Financialisation or time of violent financial capitalism (Marazzi et al. 2011) is the processes of
global profit production (financial products, investments, stocks and bonds, currency exchange, lend-
ing money at interest etc.) prior to the accumulation of money and in a today’s world financial system.
15
WHAT IS HAPPENING?
Deleuze wrote that man is no longer a man confined, but a man in debt
(1995). Over seventeen years later, Maurizio Lazzarato writes that this has
produced an indebted man (2012). We could say that the subject of debt—
homo debtor—is a new figure of biopolitics and economics. Together, bio-
political and economic production are pursuing "a new social relationship",
which is characteristic of the current stage of the neoliberal project.
What produces the (over)indebted man can be explained in a few
steps. Debt is just another form of capital, and it lies at the heart of neo-
liberal project. Is it therefore possible to say that debt crosses all social and
class relations? The products of debt are the workers, the unemployed,
pensioners, students, consumers, etc. In the eyes of capital, these people
are reduced to the common denominator of debtor, while the capitalist is
the lender/creditor.
From a sociological perspective, debt is a social relationship be-
tween creditors and debtors. From a biopolitical perspective, debt is not
just an ordinary creditor–debtor relationship; its formalised relationship
is governed and protected by legal power and control mechanisms. And
this is of great importance for capitalism, mainly because it forms a new
historical form of human capital relations. In the current capitalism para-
digm, the fundamental relationship is based between capital and labour.
However, this relationship—at the end of work and with the destruction
of the social contract with capital—can no longer be taken as given. The
relationship between capital and labour is now replaced by the forced re-
2 Biopower is term coined by Michel Foucault in his lecture courses at the Collège de France (1975-
79). Foucault relates biopower to the governmental practices and techniques of modern state.
16
DEBT ECONOMICS
The financialisation is a product of the accelerated and expansive
spread of financial institutions and markets that have taken over the or-
ganisation of the capitalist economy in the post-Ford era (Boltanski and
Chiapello 2005). The consequences are not only visible at the macro level
but also at the micro levels of everyday life. From here, there is a need
to understand financialisation of fundamental social and class relations
through the economic apparatus. Not because social relations can be in-
terpreted as a form of social economy, but because financial order colonis-
es social and class relations, and structurally redesigns them in creditor–
debtor relations. The fundamental economics of social and class relations
have been (re)articulated in our debt economy.
Change has its referent in the inverted logical operation. Let's look
at some symptomatic cases that show how debt is imposed on society.
Instead of raising the wages in real sector (the part of the economy that is
concerned with actually producing goods and services) to encourage con-
sumption, capitalism insists on placing long-term and short-term bor-
rowings (debt) for consumption. It could be said that the state is no better
when it comes to the nonprofit housing and social care. The state as an
instrument of capital continues to build housing designed to service its
citizens by providing them with access to housing loans (debt), while so-
cial instruments and other forms of housing co-operatives are neglected.
When it comes to education, there is also no understanding. For graduate
students and students who travel to universities abroad, most affordable
credits (debt) are designed to pay their tuition fees. These fees are not the
students’ only expense, however; buying a computer, going on vacation,
buying school supplies are all subject to the consumption of loans (debt).
Debt is ubiquitous. It means that debt might appear once as an in-
nocent loan, another time as the only solution in distress. In both cas-
es it is important to realise that the imposition of such loans is purely
a economic mechanism that allows the appropriation of surplus value.
Therefore, the economics of debt is symptomatic of a deeper domestic
economic and social disequilibrium. These symptoms are seen through a
new social division. On the one hand are homo debtors; on the other, the
institutions of capital—creditors—of which there are not a large number.
This means that capital is very concentrated.
17
BIOPOLITICAL MODE
When it comes to debt problems, the term 'financialisation' can be
somewhat unclear. Many people think that financialisation is only about
stock exchanges, financial institutions, and financial instruments. No.
Indebtedness should be seen also as biopolitical control over lives. There-
fore, it is necessary to talk about the state as an extension of capital and
biopolitical production (which is the domain of the state), as it was first
described by Michel Foucault ([1978/79] 2008).
State
The ideology of the ruling class in the early 1990s modulated to
gouvermentalité—model of expert governance—at a time of political
and economic neoliberal capitalism (Foucault 1991). With the help of
the ideo-political apparatus, which Althusser mentioned as a supplement
to the legal system (1971, 142–48), a special political caste was created
whose political ideology of governance was subordinate to the interests
of Capital as the national interest of state (people). Today, allows political
caste to remain in power and adapt to the new neoliberal conditions.
The new role of government is to serve the global interests of capi-
tal. Therefore, the main role of the state is to subsidise the necessities of
capital (Močnik 2006, 58–59). In other words, the task of such a state is to
eliminate all (local) social and other inadequacies that are contrary to the
universal ideology of capital, and make them acceptable. This means that
the state should constantly manage and monitor world economic process-
es in its territory, ensuring that this takes place smoothly. In particular,
this means that the state must comply with the obligations and duties
imposed (in the name of capital) by institutional representatives of the
global economy, global processes, and universal legal order.
Subject
The production of the indebted and subordinated subject fits per-
fectly into the context of the above-described conditions, ensuring for
the smooth functioning of capital. At the micro level, the state itself,
through internal institutions, provides conditions under which manage-
ment practices of the ruling caste seem unproblematic and acceptable.
The ruling caste's task is to convince the public that the production of the
indebted man is the only option. It could be said that their communica-
tive approach is a special technique of domination, which is possible due
18
to the specific political monopoly of the ruling caste.3 The ruling caste
governs society through and with the apparatuses of control and surveil-
lance (media, pedagogy, internal security, economic policy, etc.), which
places financialisation at the centre of everyday life. It is impossible to
overlook the fact that debt or the production of the indebted man is not a
biopolitical strategy—the work of power that at the same time constructs
and subordinates subjects and their lives. It creates the subjectivity of
the debtor that corresponds to the expectations of Capital. Hence, debt
is continuous and limitless; capitalism, in relation to biopolitics, is taking
total control over life.
Creating debt without limits should therefore be recognised as a
new biopolitical relationship between the government and the subject.
The microphysics of power connecting external subjectivity, which is
subordination with objectification, runs through the building applianc-
es of individualisation techniques. This means that debt as an external
constraint subordination (made by the debtor) has its own internal psy-
chological dimension. From that perspective, to get into debt means to
internalise the obligation to return debt. In contrast to the external rela-
tionship, in which the state imposes a tax, internal debt-to-indebtedness
is less visible. That relationship is pushed in man’s cognitive apparatus,
which implies the creation of an individual's control over himself at least.
The main aim of this process is the internalisation of norms of capitalist
behaviour and becoming (the capitalist ideal) the “self-regulating man”.
Dual external-internal force produces the subjectivity of the debt-
or, which is controlled by the relation to the creditor, which is self-reg-
ulated. Of course, the creditor—to whom debt should be returned with
interest—is a capitalist. This means that capitalism, with the help of debt,
is transforms subjects into infinitive debtors. It marks every individual,
making them a vessel through control and dependence (debt), and con-
fines them to their own identity (the conscience of debt). Both approach-
es allude to a form of government, which, through debt, now controls
subjects (subjectivity) and produces subjects (subjectification). Therefore,
it is necessary to recognise the birth of a new form of life under debt.
3 The communicative approach of the ruling caste is based on the specter of manipulative com-
municative practices that are misleading. These practices are not established through democratic
dialogue and in the direction of a more equal distribution of power. Contrary, they are based on media
manipulation is to divert public attention away from important issues and changes decided by the
political and economic elites, and to keep the public busy with trivial politics and trivial mass culture.
In other words, manipulative communicative approaches are used by the ruling caste to create prob-
lems and then to offer solutions which are common with the interests of dominant, elite groups in
the society. Noam Chomsky described this kind of manipulative communicative practices in his book
Manufacturing Consent: The Political Economy of the Mass Media (1988).
19
HETEROTOPIAS OF RESISTANCE
Why do we obey the authorities that enforce our debt? There is no
single answer to this question. Maybe this answer could be articulated
with another question: why can we not resist such a power?
Rebellion against debt was a central part of the global Occupy Wall
Street movement. Although the protest movement did not achieve all its
goals, it was successful in its manifestation and temporary insistence. The
movement proved to be insufficient in terms of articulating a stronger
and more permanent/common interest. It has been shown that debt has
its individualistic power, which is still more powerful than the collec-
tive power of the multitude. This movement has not coped as a collec-
tive, which does not mean that it did not establish itself as a multitude,
in the sense of Antonio Negri’s conception. 4 The fact is that the Occupy
Wall Street movement started a new alternative politics. In this move-
ment, the common interest prevailed, which was geared toward finding
new common alternatives. At this symbolic level and with tactical com-
munication skills, the multitude began a conflict with the authorities. In
Jacques Rancière’s language, their speech was articulated around an in-
justice (1999, 1–21). Through protest, movement was manifested as an
alternative request that was critical to the socialisation of private debts.
Expressing this particular truth was a political manifesto from the outset.
Notwithstanding the partial success of the movement, which reached the
stage of doxa (the appearance of people who manifest and protest), the
mobilised multitude showed, at least, that debt is disputed property.
Resistance, whatever it was, showed that a critical force builds new
world politics. It became clear that a politics exists precisely through con-
frontation. Through symbolic, non-violent confrontation with the police
(a representative force of ruling order), debt became political issue.
4 The political concept of multitude was first used by Machiavelli and then by Spinoza. In its (post)
modern use, the term 'multitude' (which refers to the distinct category of people who share their
common fact of existence/resistance) is used by Michael Hardt and Antonio Negri in their book Empire
(2000) and defined in their book Multitude: War and Democracy in the Age of Empire (2004) as 1) the
name of an immanence, 2) class concept, and 3) concept of power
22
ing financial capitalism. Even Herodotus wrote in The Histories about the
rebellion of slaves—"the poor against the rich"— which alludes to every
fight today. Deleuze and Guattari’s ([1993] 2000) explained concept of
debt through the interpretation of the despotic society refers to Friedrich
Nietzsche's Zur Genealogie der Moral where Nietzsche emphasised the dif-
ference between finite and infinite debt. If the finality of a debt is charac-
teristic of archaic societies (debt can be repaid), in capitalist societies, we
are faced with infinite debt that cannot be repaid. Lazzarato also points
the infinity of debt (Lazzarato 2012). Through the works of Nietzsche and
Deleuze,, and Foucault's concept of Christian pastoral techniques, Laz-
zarato has introduced an analogy between an infinite debt in capitalism
and an infinite debt to God.
For Christian pastoral power—a biopolitical thesis is developed by
Foucault ([1977/78] 2007)—is characteristically that only God can take
debt and pays it off. The Son of God took all the sins of mankind to repay
debt. With this gesture, all humanity is committed (or bound) to believe
in God . Today, the crisis is not the saviour who would repay debts. Debt
is infinite; it cannot be repaid, and the ruling class does not want to erase
debt. The reason for this is not hard to find. The capitalist insistence on
debt is to be understood as its ruling technique. This technique provides
conditions for the reproduction of inequality and helps to govern divided
people/a divided world. Of course, this technique shows divided com-
munities and ways of dictatorship through capital. Techniques of domi-
nation, are tied in our Western society to Christian eschatology and the
Christian genealogy of morals (Nietzsche [1887] 1990, 53–94). Christian
pastoral techniques emphasise responsibility (moral bond), obedience
(subordination), knowledge and humility (which individualises through
the practice of self-awareness), and death (the sacrifice for god/sovereign),
thereby creating a psychological matrix in which every individual/subject
is formatted. These elements help capitalism to produce and maintain (in-
dividuation of) the indebted man, his servility, humility, isolation, guilt,
memory pressure and obligation promises (commitments, contracts) to
return the money. In this way, techniques of debt governs a borrower’s fu-
ture live. They isolate and subordinate him. Therefore, the establishment
of a debt ratio in the next period is nothing more than a specific form of
bonds; a way of internally and externally controlling every indebted indi-
vidual; a way of avoiding collective resistance.
23
CLASS STRUGGLE
Biopolitical production has the power to shape individuals into sub-
jects who establish control over themselves, to produce subjective feelings
of guilt, to force subjects to isolate themselves, to become publicly invis-
ible and socially alienated. This biopolitical power is now more powerful
than the collective form of resistance or multitude of singular subjects.
Obviously, the multitude is not yet able to establish strong social (collec-
tive) relations. It is therefore necessary to look for new forms of socialisa-
tion and solidarity, and to organise masses in the direction of resistance.
Resistance should not be directed solely against debt. So far, rebellions
against debt and financial instruments have not been very successful, as
evidenced by the recenthistory of neoliberalism. In this context, the re-
bellious multitude should be understood through the concept of class; as
a rebellion against capital.
Today’s resistance of multitude against capital must be conceived
through the frontal class struggle (Negri 2005, 113–14). The multitude
should be seen as a productive class of singularities. In other words, as
a class that is no longer one class, but is a creative set of economic reali-
ties, which is subject to the authorities. In this context, a multitude is of-
fered as a subject of class struggle and revitalises the politically defeated
working class. The numerical labour force—as opposed to the problematic
term 'working class'—must once again become a productive class and go
to the fight against capital as a united front (and not as a trade union or-
ganisation). It must become the ontological force that will embody com-
mon desire to change the world.
REFERENCES
Agamben, Giorgio. 1998. Homo Sacer: Sovereign Power and Bare Life. Stanford:
Stanford University Press.
Boltanski, Luc, and Eve Chiapello. 2005. The New Spirit of Capitalism. London
and New York: Verso.
24
Herman, Edward S., and Chomsky, Noam. 1988. Manufacturing Consent: The
Political Economy of the Mass Media. New York: Pantheon Books.
Deleuze, Gilles. 1995. Negotiations. New York: Columbia University Press.
Deleuze, Gilles, and Félix Guattari. (1983) 2000. Anti-Oedipus. Capitalism and
Schizophrenia. Minneapolis: Minnesota Press.
Lazzarato, Maurizio. 2012. The Making of the Indebted Man. Los Angeles:
Semiotext(e).
Negri, Antonio, and Michael Hardt. 2004. Multitude: War and Democracy in the
Age of Empire. London: Penguin Press.
Rifkin, Jeremy. 1996. The End of Work: The Decline of the Global Labor Force
and the Dawn of the Post-Market Era. New York: A Tracher/Putnam book.
BIO
Dr. Nikola Janović Kolenc is a sociologist and cultural theorist, independent re-
searcher, Memefest collaborator, and a member of The Initiative for Democratic
Socialism. His theoretical and practical research mostly focuses on contempo-
rary studies of culture and society, and issues regarding ideology theory and
biopolitics. He has been a research associate at the Department of Sociology,
Faculty of Social Sciences, University of Ljubljana. His previous research has
focused on new forms of communication and mobility, the crisis of social cohe-
sion, cultural flows, cultural experiences, and multiculturalism across European
city spaces. He was a postdoctoral fellow at the Department of Sociology,
Faculty of Philosophy, University of Belgrade. He has published several articles
and co-edited the book Demonstrating Relevance: Response-Ability, Theory, Practice
and Imagination of Socially Responsive Communication (published by Memefest
and Faculty of Social Sciences, University of Ljubljana, 2010). He still wants to
become le chef cuistôt-un philosophe when he grows up.
26
INDEBTED
INTERACTION:
THE WAGES OF
THE DIGITAL TXTMark Andrejevic
ECONOMY
watch the spots ... Any time you skip a commercial ... you’re actually steal-
ing the programming” (Kramer 2002, 32, emphasis added). Of course, no
actual contract was signed by viewers; this term is meant to characterise
the implied logic of free-to-air commercial TV. The very act of watching
incurs an obligation: the responsibility to provide something in return
for the freely available content. It was only against the background of the
threat that viewers might withhold their value-generating activity—via
a technologically facilitated ‘general strike’—that the need to find new
ways of enforcing the pact, and thus of making it explicit, emerged. This
task has become an increasingly urgent and productive one in the digital
era with its plethora of ‘free’ online content and services that impose a
similar obligation on users; the implicit message is ‘if you want this ser-
vice or this content, you owe us something, and we will extract it from
you’. Moreover, the relational, always-on character of networked, digital
services renders the extraction an ongoing process: the more services we
use, the more content we access, the greater the backlog of debt we cre-
ate. We provide the growing collateral of our personal data, but it is never
enough to buy our way out of the obligation: more services require more
data, and as long as we use them, we can never quite catch up.
The collection of this data, oddly enough, is framed for us as a form
of personal attention and care: the promise that if we are being counted
then we must really count. But of course, this promise is as misguided as
the conflation of creditworthiness with care for the creditor critiqued by
Marx. Indeed, Marx’s characterisation of the logic of debt as relying upon
the false promise of dis-estrangement resonates with the false promise of
personalisation in the digital era:
this abolition of estrangement, this return of man to himself and there-
fore to other men is only an appearance; the self-estrangement, the de-
humanisation is all the more infamous and extreme because its element
is no longer commodity, metal, paper, but man’s moral existence, man’s
social existence, the inmost depths of his heart... (cited in Lazzarato
2012, 56)
day, our purchases, our web searches, and so on. The capture of such data
highlights the integral relation between surveillance and debt—a defin-
ing feature of the digital landscape. As Richard Dienst puts it, “The two
great abstract machines that define our era—the market and the media—
are two faces of this inscriptive-projective process, the organisation of
lived temporality around the interminable working-up and working-off of
an imperishable indebtedness” (2011, 125). Simply put, a regime of debt
is simultaneously and necessarily one of surveillance even if different re-
gimes are associated with different modalities of monitoring. Lazzarato
associates this equation with the rise of finance capital and its reliance
on various techniques for leveraging debt: “financial power is essential-
ly a power of public evaluation whose claim is to make all organisations
transparent, to make visible and thus assessable (measurable) the rela-
tion and behaviour of the actors in each institution” (2012, 138). From
the perspective of the commercial digital media economy, the frantic
consumption and circulation of information is paired with the injunction
to become hyper-productive, generating increasingly detailed data about
oneself with every mouse-click, every page visit, every text and email, and
phone call. Following Lazzarato (2012), Mark Coté emphasises the way
in which debt enables market-based strategies of control in the digital
era because of the way it “breaks down the binaries producer–consumer
and working–nonworking ... Debt is a strategy of control, a command of
encumbrance: ‘become productive’” (forthcoming, 32). 1
In this regard, the sporadic moral panics surrounding high levels of
personal and household debt in the US (and elsewhere) can be deceptive:
economists see the willingness of consumers to incur new debt as a posi-
tive sign for the economy. After the staggering recession triggered by the
2008 collapse of the sub-prime lending market in the US, for example,
financial analysts welcomed Americans’ increased willingness to take on
debt as a healthy sign of recovery. As one press account put it, “For the
first time since the Great Recession hit, American households are taking
on more debt than they are shedding, an epochal shift that might augur a
more resilient recovery” (Lowrey 2012). One of the key indicators of eco-
nomic growth in the US is new housing starts—an indicator that, in the
majority of cases, refers to the incurrence of debt in the form of long-term
mortgage obligations. From 1997 to 2007, the US experienced significant
economic growth, during which time “household debt ballooned from
66% of economic output to 98%” and “was knocked back down to 89%
by the recession” (Hilsenrath and Simon 2011). The figures are striking:
economists and pundits describe a shift toward debt levels that equal the
nation’s entire domestic output as a step in the right direction. Alterna-
tively, foregoing consumption in order to pay off existing bills rather than
continuing to carry high-debt levels is seen as a drag on the economy:
“Paying off bills slows consumer spending on appliances, travel and a slew
of other products and services...” (Hilsenrath and Simon 2011). Thrift
has fallen a long way since the days of Benjamin Franklin: “During the
Great Depression, economist John Maynard Keynes warned of a so-called
paradox of thrift: When everyone turns frugal, everyone suffers. Synchro-
nised thrift slows the economy … Some experts worry that is happen-
ing now” (Hilsenrath and Simon 2011). The relationship of monitoring
to debt takes place in several registers: as a precursor to the imposition
of an obligation (background checking and census data collection); as a
means of monitoring and accounting for outstanding obligations; and as
a population-level indicator of economic growth. Given the close relation-
ship between monitoring and surveillance, it is no coincidence that cred-
it-card companies and credit-rating agencies helped pioneer the forms of
economic surveillance that are becoming an increasingly important part
of the commercial online economy. Along with loyalty cards, they are a
key player in the attempt to bridge the realms of online and offline data
collection by linking an online consumer with past patterns of purchase
behaviour and preferences.
return you owe us your submission to the forms of tracking that sustain
it’. Such architecture is neither unprecedented nor limited to the ‘virtual’
realm. The wholesale privatisation of public space that has come to char-
acterise suburban and small-town US might be described in related terms.
The private sector has, in a sense, taken on the duties of the provision of
publicly available facilities for sociality, conviviality, and popular forms of
diversion. The commercial shopping mall is a ‘free’ space, in the sense that
we do not need to pay to enter into a costly enclosure or to benefit from its
amenities: spacious promenades, lounge areas, and even landscaping and
play facilities for children. Although they are open to the public, commer-
cial spaces such as malls are not public spaces in the civic sense. Rather,
they are private spaces governed by the commercial imperatives of their
owners and operators who have the discretion to limit speech, commerce,
social intercourse, and access as they see fit. In his discussion of shop-
ping malls, Dienst suggests that insofar as such spaces impose a certain
sense of obligation upon their users, they embody, “the global sprawl of
an indebted world within the terms of a single building” (2011, 129). The
huge investment in commercial infrastructure carries with it a certain im-
perative—perhaps even an implied obligation—towards those who have
supplied the ‘public’ space: “the sheer proliferation of shopping spaces
should be seen as the physical extension of the regime of indebtedness
where individual subjects are empowered to enact their own fidelity to
the reigning powers of money” (Dienst 2011, 129). Once such a physical
infrastructure is created, it carries with it its own set of imperatives built
into both the spaces themselves and the social and economic logics that
sustain them. Empty or underused malls become yet another economic
indicator: the sign of an ailing economy, an admission of weakness, a pub-
lic concern.
Echoing the transformation of physical space, the Internet rapidly
transformed from a publicly supported infrastructure to a commercial
one—a digital mega-mall of sorts—and continues to construct an infor-
mation-intensive system of commerce that carries with it not simply the
injunction to consume, to interact, and pay attention, but also to submit
to its monitoring logics.
In an environment in which data miners are continually finding
new uses for the data collected by commercial sites and applications, con-
sumers cannot be expected to anticipate any and all uses to which their
information might be put. Thus, the implicit claim that users have a clear,
informed understanding of what they are signing up for when they agree
34
35
36
to have their data collected and mined is absurd. Typically, the claim that
users are happy with the terms on offer is inferred from user behaviour,
because when they are asked, people tend to express concern over the col-
lection and use of their personal information for customisation and tar-
geting. For example, a 2012 Pew study revealed that the majority (65%)
of people who use search engines do not approve of the use of behavioural
data to customise search results. More than two-thirds of all Internet us-
ers (68%) in the study did not approve of targeted advertising based on
behavioural tracking (Purcell et al. 2012). Another nation-wide survey
in the US found that 66% of respondents opposed advertising targeting
based on tracking users’ activities (Turow et al. 2009). And a US study of
public reaction to proposed ‘do-not-track’ legislation found that 60% of
respondents said they would opt out of online tracking if given the choice.
The overall picture, then, is very different from one in which us-
ers happily agree to the capture and use of their personal information.
There is a split between what people say and what they do—that is, they
may not like the available model, but they submit to it regardless. That
is a far cry, however, from claiming that users embrace this commercial
model, that they are happy with the available choices, or that they find
the balance between ‘privacy’ and ‘convenience’ to be a healthy one. On
the contrary, what emerges from the research is a world in which people
submit to the available model because they do not see any alternative way
of accessing the services and conveniences on offer. For the commercial
service providers, the mere fact of acceptance is certainly enough, but the
need to push the further claim that people like and embrace the terms on
offer is a telling one.
One of the central tenets of data mining large databases is that the
mining process is an ‘emergent’ one, in the sense that patterns cannot be
discerned, predicted, or modelled in advance. That is to say, the explicit
goal is to discover indiscernible and perhaps even inexplicable correla-
tions in the data. If, for example, a person’s political preference can be
reliably predicted based on the model of car he or she drives or the brand
of toothpaste he or she uses (or vice versa), this is actionable information
in the sense that it can facilitate targeted forms of political campaign-
ing or marketing, but it is not necessarily comprehensible information. In
other words, there may be no clear underlying explanation for why people
who drive Mercurys vote Republican. To put it somewhat differently, we
do not know what type of predictive power particular types of data might
bestow upon those who can access it. Do habits that seem completely un-
37
related place us within groups who are stigmatised (or privileged) in one
way or another? In the ‘small data’ era it was relatively simple to reverse-
engineer the forms of sorting that resulted in various types of discrimi-
nation. In the ‘big data’ era, this might be much more difficult: are we
turned down for a professional post because other people who share some
similar, seemingly random, trait have not had success in the past? As the
algorithms get increasingly complex, we may not even know what com-
bination of traits conspired to include or exclude us, or to turn us into a
target of one kind or another. The question becomes not so much whether
we want to hide some aspect of our private lives, but rather how data,
once it is sorted and mined, might be used to influence decisions that
impact our lives but remain profoundly opaque to us.
BEYOND PRIVACY
The paradox of the fate of personal information in the digital
era is that it often involves mundane information that, in general, peo-
ple are not particularly concerned about revealing. The notion of debt
gets us to the related question of how this personal data is extracted.
In order to access what is good and useful about the Internet, we need
to rely upon a commercial infrastructure that sets the terms of access.
We do not need to pay—in fact, we cannot pay directly for services such
as Facebook or Gmail—but we are told we owe something to them in
return for access and use. In this regard, the notion of debt (and vari-
ous forms of resistance to the obligations it imposes) refers directly to
the political economy of the commercial Internet—the fact of its com-
mercialisation and the ways in which privatisation begets privatisation
or, as Marx suggested, in which separation begets separation (De An-
gelis 2002). When you separate people from (control over) the means
of sociability, communication, and information storage and access, you
can then separate them from their own data—and extract further data
about them in exchange for allowing them to access what they have cre-
ated (their email, Facebook account, Tweets, and so on). The notion of
debt also speaks to the familiar attitude of resignation in the face of the
seemingly incontestable obligation imposed by the digital economy—
an understanding that, as in the case of broadcasting before it, the huge
private infrastructure must be financed somehow. Once we accept this
commercial model, we find ourselves beholden to the logics that sup-
port it. Finally, the notion of debt invokes the character of the current
commercial arrangement as an ongoing relationship. This is a defining
38
REFERENCES
Coté, Mark. “Data Motility: The Materiality of Big Social Data.” Cited with
permission.
Flynn, Laurie. 1999. “Battle Begun on Internet Ad Blocking.” The New York
Times, 7 June, 1.
Hoofnagle Chris, Jennifer Urban, and Su Li. 2012. “Privacy and Modern
Advertising: Most US Internet Users Want ‘Do Not Track’ to Stop Collection
of Data about their Online Activities.” Paper presented at Amsterdam Privacy
Conference, 8 October. http://ssrn.com/abstract=2152135.
Purcell, Kristen, Joanna Brenner, and Lee Rainie. 2012. “Search Engine Use,
2012.” Pew Internet and American Life Project, 9 March. Accessed 12 December.
http://pewinternet.org/Reports/2012/Search-Engine-Use-2012.aspx.
Turow, Joseph, Jennifer King, Chris Jay Hoofnagle, Amy Bleakley, and Michael
Hennessy. 2009. “Americans Reject Tailored Advertising and Three Activities
that Enable It.” Social Science Research Network, 29 September. http://ssrn.com/
abstract=1478214.
Weinberger, David. 2011. "Too Big to Know." New York: Basic Books.
Wheeler, Eric. 2012. “How Do Not Track Is Poised to Kill Online Growth.” C/Net,
20 September. Accessed 12 December. http://news.cnet.com/8301-1023_3-
57516422-93/how-do-not-track-is-poised-to-kill-online-growth/.
BIO
Mark Andrejevic is an ARC QE II Postdoctoral Fellow and Deputy Director of
Centre for Critical and Cultural Studies, University of Queensland. He is the
author of Reality TV: The Work of Being Watched, iSpy: Surveillance and Power in
the Interactive Era, and Infoglut, as well as numerous articles and book chapters
on surveillance, digital media, and popular culture.
40
TO THE FETISH
OF INTEREST-
BEARING CAPITAL
I NTRODUCTION
Ever since Karl Marx’s Capital was first published, his theory of fet-
ishism has been highly debated. Some Marxist theorists, such as Louis
Althusser, have disregarded it, denoting it as a bourgeois-idealist theory
in which a fabric of Hegelian idealism persists. Other Marxists, such as
Georg Lukacs, have praised it, declaring it as one of his most daring and
brilliant deliberations, and have used it as a key tool to the critique the
modern society and its ‘reified’ social relations. Diametrically opposed,
these approaches nonetheless agree when it comes to evaluating the theo-
retical significance and implications of Marx’s theory of fetishism. They
usually treat it as a digression that accompanies his economic theory that
is presented in the three volumes of Capital. They see it as either an ob-
scure or an ingenious socio-philosophical supplement to Marx’s theory
of value; something that can be considered independently from his eco-
nomic theory. Contrary to this common perception, I will try to show that
the theory of fetishism is not a supplement to Marx’s theory of value, but
rather a central and constitutive element. In the words of Isaak Ilich Ru-
bin: “[T]heory of fetishism is, per se, the basis of Marx’s entire economic
system, and in particular of his theory of value” (1990, 5).
Another notion about Marx’s theory of fetishism frequently held
by both its proponents and opponents is that Marx’s theoretical delibera-
tions on the subject are exhausted in the section on the fetish character of
41
the commodity in the first chapter of Capital Volume 1. Most of the discus-
sions of Marx’s theory of fetishism are therefore reduced to comments on
this section and are usually complemented by considerations of the im-
plications of what Marx said in this section. In contrast to this approach,
I will claim that Marx’s theory of fetishism spreads throughout all three
volumes of Capital. I will show that the theory of fetishism initiated in the
first chapter is enhanced by his consideration of the capitalist process of
production at appear in subsequent chapters in Volume 1 (particularly in
his discussion of the capital fetish). This is further developed in his anal-
ysis of the unity of the capitalist process of production and circulation
in Volume 3 (most notably, in his consideration of the redistribution of
surplus value and the formation of categories of the price of production,
profit, and the rate of profit). Finally and most importantly, I will examine
Marx’s treatment of the externalisation of the relations of capital in the
form of interest-bearing capital, which coincides with the completion of
the capital fetish. I will demonstrate how interest-bearing capital, which
designates the specific capitalist form of debt relation, constitutes what
Marx calls the “most superficial and fetishised form” (2010 [1894], 255)
of relations of capital.