Introduction - Business as Unusual: Financial Crisis, Computing and Money Machines
Panel with Orit Halpern (us), Georgios Papadopoulos (gr), Stefan Heidenreich (de) and Ralph Heidenreich (de)
Moderated by Christopher Salter (ca/de)
The Euro is crashing. US Debt is spiraling. Banking is in crisis but luxury goods sales are up! The global finance system is out of control, the public agora replaced by the 24/7 calculations of machines, the weakened nation state buckling under the incessant flows of virtual capital. In this age of turbulent finance, what effects do the new media have in creating new entangled systems of monsters and mutants going by the names of quants, Ponzi schemes, derivatives and “too big to fail” bailouts? With experts from the areas of economics, philosophy, new media studies and the history of science, the panel Business as Unusual zeroes in on the contradictions, breakdowns and incompatibilities with systems of money and finance in our calamitous era of late capitalism.