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Time horizon of financial government

  • 인문논총
  • 2020, 52(), pp.29-49
  • DOI : 10.33638/JHS.52.2
  • Publisher : Institute for Human studies, Kyungnam University
  • Research Area : Humanities > Other Humanities
  • Received : May 1, 2020
  • Accepted : June 12, 2020
  • Published : June 30, 2020

Kwon Changgyu 1

1포항공과대학교

Accredited

ABSTRACT

This study deals with the time horizon of financial capitalism as a cultural study of finance. This study aimed at focusing on the aspects of financial governance of neoliberal societies that made finance the main means of accumulation and dispossession by discussing the financialized time. Compared to the industrial exploitation structure in the era of industrialization, the pattern of exploitation of financial capitalism is not well understood, but it is worth noting that finance is not an option and an opportunity, but an obligation and a coercion. In the process of pursuing capitalist profits, time reduction is a basic strategy, and loans and investments are the two main financial activities related to time. Specifically, this discussion divided the debtor's time and the investor's time in a methodological manner. The time spent on loans and investments all relate to the future, and the present is foreclosed. Time passing through the past, the future and the present is the key structure in creditocracy. Investments, which deal with future risks, frequently block future possibilities and raise risks by investing in derivatives. This discussion reinforced the research focused on debtor government by dealing with borrowers and investors in the time horizon of financial government, and discussed financial government as a whole. Furthermore, this study was intended to contribute to a comprehensive grasp of the aspects of financialized subjects.

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