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Reply #13: this brigns to mind Fernando Coronil: he noted that the neoliberal NWO not only treated everything-- [View All]

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MisterP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-19-10 02:14 AM
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13. this brigns to mind Fernando Coronil: he noted that the neoliberal NWO not only treated everything--
humans and nature becoming "human" and "natural resources" and "human" and "natural capital." They're treated as means to an end--maximization of profit--Subsuming them under the abstraction of “capital,” they’re equivalent constituents of a “portfolio.” Treatment of people as capital leads to their valorization solely as a source of wealth. People can “count more” or “less” than natural resources only in terms of a perspective that equates them. Definition of people as capital means they’re to be treated as such, taken into account only insofar as they contribute to the expansion of wealth, and marginalized if they do not. The “portfolio” notion entails a requirement to maximize profits; development is to be managed by experts, rather than the inherently-political process of social contests over the definition of collective values. Market replaces politics. Charles S. Sanford, Jr., of Bankers Trust in 1993 proclaimed a “particle finance” will let all wealth and investments be consolidated into “wealth accounts” divisible into particles of risk derived from the original investment, which can be sold and bundled. Everything should be thought of as an opportunity, from distressed real estate in Japan to Russian oil futures, marketed and packaged by BankAmerica, Fidelity Investments, or the Vanguard Group—or Gabonese aroma futures, Cuban tourism, Nigerian foreign debt.
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