CarwilBJ's avatarCarwilBJ's Twitter Archive—№ 20,122

    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.
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    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."
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      But, Karen Ho, argues, financialization is actually constitutive of, or at least transfroming the structure of the everyday economy
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        Karen Ho: Wall Street defines itself as a particular kind of meritocracy, that merges intellectual competence and "primitive" drive and aggression as its ideal.
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          Lew George: "By and large the people on the [Wall] Street are superior to their clients in an almost evolutionary sense."
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            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
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              Wall Street values: self-defines as an elite that's allowed to break the rules, and sees regulators as slow and stupid.
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