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- W2439796650 abstract "Žižek insisted on the ‘temporal gap between the production of value and its actualization’ (Žižek, 2009b [2006], p. 52): ‘the temporality here is that of the futur anterieur: value “is” not immediately, it only “will have been,” it is retroactively actualized, performatively enacted’ (ibid.). In August 2007, BNP Paribas was caught in this gap when it acknowledged that it did not know what many of its assets were worth. The acknowledgement started a chain of events that led to the public takeover of British bank Northern Rock, the collapse of Lehman Brothers, and the public bail-out of ‘the world’s largest insurer’ (Marks, 2013), AIG. The result was fiscal and monetary crisis in the US, UK, and Europe, as well as widespread unemployment and losses in household wealth." @default.
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- W2439796650 date "2016-04-20" @default.
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- W2439796650 title "Capitalism’s traumatic encounter with lack" @default.
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