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Fall 2018

ZONE BOOKS

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The Age of Appreciation: Michel Feher at Goldsmiths University of London
Location

Goldsmiths University of London, 312, Richard Hoggart Building, 8 Lewisham Way, New Cross, London SE14 6NW, UK

Details

Nov 28 / 5pm

Join us at Goldsmiths University of London for an evening with Will Davies, Michel Feher, Suhail Malik, Angela McRobbie, Louis Moreno, and Emily Rosamond, as we celebrate the release of Feher’s new book, Rated Agency: Investee Politics in a Speculative Age.

ABOUT THE BOOK: 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.