Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2023 | 7 | 2 | 68-92

Article title

Transformation of Trust into Capital, Financialization and the Moment of Betrayal

Authors

Content

Title variants

Languages of publication

Abstracts

EN
In his text, the author develops the notion of trust as a condition for the possibility of any relational anthropology. Referring to the root associated with trust as the foundation of the relationship, he takes a position in the dispute about the primal nature of trust or perfidy; believes that in the abusive practices of credit and debt there is a reversal of the meaning of what is a necessary element of human life, relationships based on trust. Perfidy is possible precisely because there is trust. On the basis of such concepts, he develops an analysis of events in the global economy at the turn of the 20th and 21th century, especially the financialization, based on the ideas of such authors as Arrighi, Bourdieu, Eichegreen, Pobłocki and Stiegler but also Lacan.

Year

Volume

7

Issue

2

Pages

68-92

Physical description

Dates

published
2023

Contributors

author
  • Institute of Philosophy and Sociology, Polish Academy of Sciences

References

  • Arrighi, Giovanni. The Long Twentieth Century. Money, Power and the Origins of Our Times. London: Verso, 1996.
  • “At conference for film and television writers, P Sainath reminds them of rising inequality.” Scroll. https://scroll.in/reel/813168/at-conference-for-film-and-television-writers-p-sainath-reminds-them-of-rising-inequality. Accessed March 12, 2022.
  • Bjerg, Ole. Making Money. The Philosophy of Crisis Capitalism. New York: Verso.
  • Bourdieu, Pierre. The Logic of Practice. Translated by Richard Nice. Stanford University Press, 1992.
  • Buck-Morss, Susan. “Envisioning Capital. Political Economy on Display.” https://www.susanbuckmorss.info/text/envisioning-capital/.
  • Caparros, Martin Hunger. The Oldest Problem. Translated by Katherine Silver. New York: Melville House. e-book.
  • “China – Employment In Industry (% Of Total Employment)” Trading Economics https://tradingeconomics.com/china/employment-in-industry-percent-of-total-employment-wb-data.html. Accessed March 12, 2022.
  • Derrida, Jacques. “The Purveyor of Truth.” Translated by Willis Domingo, James Hulbert, Moshe Ron, and M.-R. L. Yale French Studies, no. 52 (1975): 31-113.
  • Dodd Nigel. Social Life of Money. Princeton University Press, 2014.
  • “Economic boom will see 500 million Indians enter middle-class within a decade.” Consultancy.asia. https://www.consultancy.asia/news/2144/economic-boom-will-see-500-million-indians-enter-middle-class-within-a-decade. Accessed March 15, 2022.
  • Eichengreen, Barry. Globalizing Capital. A History of the International Monetary System. Princeton University Press, 2019.
  • Epstein, Gerald A. Financialization and the World Economy. Cheltenham: Edward Elgar, 2005.
  • Ferdinand, Braudel. The Wheels of Commerce, Civilization and Capitalism, 15th-18th Century. New York: Harper & Row, 1982.
  • Fowler, Henry H. “The Dollar Glut,” https://www.imf.org/external/np/exr/center/mm/eng/mm_sc_03.htm. Accessed March 22, 2022.
  • Graeber, David. Debt: The First 5,000 Years. New York: Melville House, 2011.
  • Grela, Helen. “The Underexamined Role of Money and How It Undermines Nozick’s Case for Rights Libertarianism.” Ruch Filozoficzny 78, no. 4 (2023): 123-40.
  • Heath, Anthon. Rational Choice and Social Exchange. United Kingdom: Cambridge University Press, 1976.
  • Heaton, Herbert. Financing the Industrial Revolution. United Kingdom: Cambridge University Press, 2012.
  • Hobsbawm, Eric. The Age of Revolution: Europe 1789-1848. New York: Vintage, 1996.
  • Hobsbawm, Eric. The Age of Capital: 1848-1875. New York: Vintage, 1996.
  • Hobsbawm, Eric. The Age of Empire: 1875-1914. New York: Vintage, 1989.
  • Hollis, Martin. The Philosophy of Social Sciences. (United Kingdom: Cambridge University Press, 1994.
  • Innes, Alfred Mitchell. “Credit Theory of Money.” The Banking Law Journal 31, (1914).
  • Innes, Alfred Mitchell. “What is Money?” The Banking Law Journal 30, (1913).
  • Kant, Immanuel. Groundwork for the Metaphysics of Morals. Translated by Mary Gregor United Kingdom: Cambridge University Press, 2003.
  • Linklater, Andro. Owning the Earth: The Transforming History of Land Ownership. New York: Bloomsbury, 2013.
  • Markowska, Barbara. “Kapitał jako kategoria analityczna: Marks – Bourdieu.” Zoon Politikon 6, (2015).
  • Marx, Karl. Capital. Vol. 1, Chpt. 3. Translated by Samuel Moore and Edward Aveling. Edited by Frederick Engels. https://www.marxists.org/archive/marx/works/1867-c1/ch03.htm.
  • “Number of employed people in China from 2012 to 2022.” Statista. https://www.statista.com/statistics/251380/number-of-employed-persons-in-china/. Accessed March 13, 2022.
  • “Number of the middle class population in China in 2002 and 2020.” Statista. https://www.statista.com/statistics/875874/middle-class-population-in-china/; Accessed March 15, 2022.
  • Olesik, Marta. “Burzliwa historia. Obrazy-mapy Franka Bowlinga a koniunktury gospodarki świata.” Widok. Teorie i Praktyki Kultury Wizualnej, no. 34 (2022).
  • Sainath, Palagummi. Everybody Loves a Good Drought. Stories from India’s Poorest Districts. London: Penguin Books, 1996.
  • Sharpe, Christina. In the Wake. On Blackness and Being, Duke University Press, 2016. (e-book).
  • Snyder, Timothy. Black Earth: The Holocaust as History and Warning. New York: Tim Duggan Books, 2015.
  • Solzhenitsyn, Aleksandr. Cancer Ward: A Novel. Translated Nicholas Bethell and David Burg. New York: Farrar, Straus, and Giroux, 1991.
  • Stiegler, Bernard. States of Shock. Stupidity and Knowledge in the Twenty-First Century. Translated by Daniel Ross. United Kingdom, Cambridge: Polity, 2015.
  • Sztompka, Piotr. Zaufanie: fundament społeczeństwa. Poland, Kraków: Znak, 2007.
  • Taleb, Nassim Nicholas. The Black Swan. The Impact of the Highly Improbable. New York: Random House, 2007.
  • Wezerek, Gus and Kristen R. Ghodsee. “Women’s Unpaid Labor is Worth $10,900,000,000,000.” New York Times, March 5, 2020. https://www”https://www.nytimes.com/interactive/2020/03/04/opinion/women-unpaid-labor.html.
  • Wucker, Michele. The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore. New York: St. Martin’s Press, 2016.
  • You, Tien Hsing. The Great Urban Transformation: Politics of Land and Property in China. Cambridge University Press, 2010.
  • Žižek, Slavoj. In Defense of Lost Causes. London: Verso, 2008.

Document Type

Publication order reference

Identifiers

Biblioteka Nauki
19322637

YADDA identifier

bwmeta1.element.ojs-doi-10_14394_eidos_jpc_2023_0016
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.