> Feher, who, in his previous work, has argued that it's time that progressive movements master the art of finance in order to beat Wall Street at its own game, continues to insist on the political importance of "speculative activism."

I keep meaning to write a blog about this. I think this is but one instance of elite overproduction theory / cliodynamics. There are more lawyers, quants, PhDs, and MBAs than there are cushy jobs to support them. These counter elites will eventually find their own way to war against the established elite. In finance, it will be through things like WSB and cryptocurrencies destroying the old game. In education, it will be through direct-to-consumer training like Coursera, Udemy, and Codecademy providing scaled credentials apart from universities with their bloated bureaucracies. In health, it will be semi-medical interventions like apps, supplements, unlicensed pseudoproviders, internet purchsed drugs, and telehealth disrupting old ways of doing things. In politics and law, there will probably be several internal and external political fights that will remake or break both the Democrats and Republicans as well as possibly one or more third parties. In the US the Millennials are basically the most educated group in history and have shit to show for it in terms of wealth. They are also large in raw numbers. Eventually, they will realize they can burn the mother fucker down. They only question is whether from within (reform or grand compromise) or from without (revolution or destruction). Buckle up because the last 5 years may be just the prelude to a radical shakeup.

TY. „To flourish, speculative activism requires the creation of an ecosystem of politically engaged ‚gambling communities,‘ but also of alternative ‚rating agencies.” True, and I’d argue that GamerGate was the precedent for this platform-driven community, gambling …

I really like this, Political praxis is necessarily financialized in it’s form in the current conjuncture. Moishe Postone meets Lukacs. Capital is the set of social (and technological) relations that facilitates the circulation of value. But it’s logic can be subverted (somewhat at least) and used contrary to the power structure.