The violence of finance and the pain of living: conflict or nihilism?

Journal title GRUPPI
Author/s Andrea Fumagalli
Publishing Year 2014 Issue 2014/1
Language Italian Pages 16 P. 39-54 File size 136 KB
DOI 10.3280/GRU2014-001005
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The article analyzes how the new role taken on by the financial markets within the paradigm of cognitive biocapitalism has weighed heavily on the distribution of income, thus leading to greater inequality. The extremely polarized ratio of higher income for upper classes has harmed the poorest bracket of society. This is due to the distorted effect of income distribution, which favors the wealthy to the detriment of the poor. Thanks to the economic recession, this trend has grown in the past few years. Among the various effects (including the adverse consequences of austerity measures), we have seen a great increase in social vulnerability, which has often evolved into self-destructive and nihilistic behavior, proving the violence of the current economic system.

Keywords: Financial speculation, cognitive bio-capitalism, austerity policies, basic income, labour psycho-patologies, nichilism.

Andrea Fumagalli, La violenza della finanza e il disagio di vivere: conflitto o nichilismo? in "GRUPPI" 1/2014, pp 39-54, DOI: 10.3280/GRU2014-001005