Synthetic finance revolutionizes materialism such that we can now create wealth in the process of universally distributing it. While financial innovation in global capitalism provided the conditions for the 2008 financial crisis, it has also engineered a set of financial technologies with universal distributive potential. This book explains this possibility and demonstrates how it can be achieved through a rigorous ontological exposition of the radical, nomadic, distributive power of synthetic finance. It also illustrates that Gilles Deleuze is the heterodox political economist who best reveals its profound material capacities.
This book articulates an innovative method for the study of finance, fundamentally revaluates political economy as a discipline and practice, and inaugurates a research project from which derivative methodologies and approaches to critical finance can evolve. Of Synthetic Finance actualizes a new kind of heterodox political economy called speculative materialism, and advocates a radical project of speculative materialist financial engineering. Both of these are predicated on the deployment of the latent, nomadic, monstrous capacities of synthetic finance to create and universally distribute risk and cash flow.
This book is a must read for anyone interested in critical finance, the financial crisis and the future of political economy.
Table of Contents
1. Some Material Properties of Synthetic Finance 2. The Materialism of Synthetic Finance: A Case Study on Credit Derivatives in Seven Notes 3. Wagers of the Synthetic: Difference & Repetition as Heterodox Political Economy Appendix: Two Kinds of Symmetry, Three Classes of Exchange
Benjamin Lozano is Instructor, Curriculum Coordinator and Researcher at the The Bruce Initiative on Rethinking Capitalism, UC Santa Cruz, USA.