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Hacking finance: experiments with algorithmic activism

In: The Handbook of Diverse Economies

Author

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  • Tuomo Alhojärvi

Abstract

Finance is a word for trouble. Activists often recognize its strategic and game-changing potential. Yet control over finance often feels out of reach. Exploitative and unsustainable financialization seems to continue relatively uncontested at large while the socialization of risks and spread of debt are well-recognized problems. Capitalist finance seems to determine and to escape being determined (otherwise). This chapter examines two hacking initiatives that have burst this capitalocentric bubble by exploring, learning from and rebuilding financial relations otherwise: the activist hedge fund Robin Hood Cooperative and the crypto-technological start-up Economic Space Agency. Through getting intimate with and parasitic upon high-tech finance these organizations have broken the capitalocentric ordering of financial access, opportunity and power. In evolving efforts to reclaim finance as an opening, they have raised jarring questions concerning the ethics, technological politics and spaces of finance (as we knew it).

Suggested Citation

  • Tuomo Alhojärvi, 2020. "Hacking finance: experiments with algorithmic activism," Chapters, in: J. K. Gibson-Graham & Kelly Dombroski (ed.), The Handbook of Diverse Economies, chapter 42, pages 379-387, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:18372_42
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