This piece was developed while participating in Matteo Pasquinelli‘s seminar, Capital as Computation & Cognition: From Babbage’s Factory to Google’s Algorithmic Governance, hosted by The New Centre for Research & Practice in March 2015… The status of robots and workers under cognitive capitalism can be likened to Searle’s Chinese Room, as noted by Srnicek and Williams when writing on… Read More »
capitalism
Superconversation 43: Mohammad Salemy responds to Federico Campagna, “After Nihilism, After Technic: Sketches for a New Philosophical Architecture”
The art world shows how the engine of capitalism rather than running on notions of production and labor, or the concept of supply and demand, is actually fueled by capitalization, or how much one is prepared, or rather has been prepared, to pay the price today in order to receive a profit tomorrow. What guarantees future profits in the financial markets as well as the art world is not the logical algorithm of growth but the social power that can be systematically mobilized in both environments to enforce today’s prices and to guarantee a higher return in the future.