CarwilBJ's avatarCarwilBJ's Twitter Archive—№ 20,123

  1. Karen Ho: Anthropologists who study finance and Wall Street face a challenge to also tell the story of how financialization is changing everyday life.
    1. …in reply to @CarwilBJ
      Wall Street has insulated itself from critique, even analysis by portraying itself as complex, and therefore the domain only of finance employees, "the smartest guys in the room."
      1. …in reply to @CarwilBJ
        But, Karen Ho, argues, financialization is actually constitutive of, or at least transfroming the structure of the everyday economy
        1. …in reply to @CarwilBJ
          Karen Ho: Wall Street defines itself as a particular kind of meritocracy, that merges intellectual competence and "primitive" drive and aggression as its ideal.
          1. …in reply to @CarwilBJ
            Lew George: "By and large the people on the [Wall] Street are superior to their clients in an almost evolutionary sense."
            1. …in reply to @CarwilBJ
              Banker interviewed on This American Life: "Because I'm smarter than the average person … 95% of the population doesn't have that common sense" thisamericanlife.org/415/crybabies
              1. …in reply to @CarwilBJ
                Wall Street values: self-defines as an elite that's allowed to break the rules, and sees regulators as slow and stupid.