• Events
SEE ALL
Nov 12
TOUR
The Bridge #15 16249 S.107th Ave Orland Park, IL 60467
Nov 8
TOUR
Gerty Dambury Room 8301, 300 NE Second Ave, Miami, FL 33132
Nov 16
TOUR
Zadig Trio on Tour 1600 21st St NW Washington, DC 20009

Rated Agency: Investee Politics in a Speculative Age

Michel Feher | Translated by Gregory Elliott

The hegemony of finance compels a new orientation for everyone and everything: companies care more about the moods of their shareholders than about longstanding commercial success; governments subordinate citizen welfare to appeasing creditors; and individuals are concerned less with immediate income from labor than appreciation of their capital goods, skills, connections, and reputations.

That firms, states, and people depend more on their ratings than on the product of their activities also changes how capitalism is resisted. For activists, the focus of grievances shifts from the extraction of profit to the conditions under which financial institutions allocate credit. While the exploitation of employees by their employers has hardly been curbed, the power of investors to select investees — to decide who and what is deemed creditworthy — has become a new site of social struggle.

In clear and compelling prose, Michel Feher explains the extraordinary shift in conduct and orientation generated by financialization. Above all, he articulates the new political resistances and aspirations that investees draw from their rated agency.

More info

RECENTLY PUBLISHED