Resistance in the City: Financial Activists and the Ethical Engagement of Markets

Sohini Kar(London School of Economics): öffentlicher Vortrag im Rahmen des Forschungskolloquiums Ethnologie

Date: 29 September 2020
Time: 16.15 h to 17.45 h
Location: per zoom

Sohini Kar (London School of Economics): Resistance in the City: Financial Activists and the Ethical Engagement of Markets 

 

Financialization of the global economy has led to unprecedented forms of capitalist accumulation and new forms of dispossession. Given the expansion of financial capital into ever expanding domains of everyday life, it is increasingly contested. Movements like Occupy, which emerged in the wake of the Global Financial Crisis, have attempted to resist finance and powerful financial actors. Yet there are other resistance movements that challenge not financial markets themselves, but its forms of investment. There has been a growing recognition of the role of finance and banking in sustaining, for instance, fossil fuel industries and their related impact on climate change.

Drawing on ongoing ethnographic research on global financial activism, though predominantly situated in London, this paper examines how activists target both the ubiquity of finance (e.g., in pension funds) and its dominance to re-channel financial activities away from what are seen as more destructive forms of capitalism, particularly in relation to climate change. It considers what the potentials are for this form of emergent resistance to financialized capitalism and the limits to working within the networks of finance.