{"title":"Short Circuits and Seizures","authors":"Ritu Birla","doi":"10.1215/08992363-10575609","DOIUrl":null,"url":null,"abstract":"\n This essay explores the financialization of liberal governmentality through questions posed by cryptocurrency, especially in its relationship with the monetary coding of the globe since Bretton Woods. Contemporary Global South deployments of crypto foreground political performatives that can be characterized as attempts to short-circuit established global configurations. This modality of speedy bypassing, enabling volatility and seizure, fuels processes of financialization more broadly, which accelerate and shorten circuits of profit making and, in tandem, short-circuit democratic political representation. Crypto magnifies the tension between the semiotics of the social contract among nations moored in rights, and that of currency as a global language. Digital-speculative monetization warns that the social contract, a futures contract for a secure and stable future, may approach the aleatory contract of the futures trade.","PeriodicalId":47901,"journal":{"name":"Public Culture","volume":null,"pages":null},"PeriodicalIF":1.1000,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Public Culture","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1215/08992363-10575609","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ANTHROPOLOGY","Score":null,"Total":0}
引用次数: 0
Abstract
This essay explores the financialization of liberal governmentality through questions posed by cryptocurrency, especially in its relationship with the monetary coding of the globe since Bretton Woods. Contemporary Global South deployments of crypto foreground political performatives that can be characterized as attempts to short-circuit established global configurations. This modality of speedy bypassing, enabling volatility and seizure, fuels processes of financialization more broadly, which accelerate and shorten circuits of profit making and, in tandem, short-circuit democratic political representation. Crypto magnifies the tension between the semiotics of the social contract among nations moored in rights, and that of currency as a global language. Digital-speculative monetization warns that the social contract, a futures contract for a secure and stable future, may approach the aleatory contract of the futures trade.
期刊介绍:
Public Culture is a peer-reviewed interdisciplinary journal of cultural studies, published three times a year—in January, May, and September. It is sponsored by the Department of Media, Culture, and Communication, NYU. A four-time CELJ award winner, Public Culture has been publishing field-defining ethnographies and analyses of the cultural politics of globalization for over thirty years. The journal provides a forum for the discussion of the places and occasions where cultural, social, and political differences emerge as public phenomena, manifested in everything from highly particular and localized events in popular or folk culture to global advertising, consumption, and information networks. Artists, activists, and scholars, both well-established and younger, from across the humanities and social sciences and around the world, present some of their most innovative and exciting work in the pages of Public Culture.