ABSTRACT Decay and decomposition have long been important to the histories of capitalist development but what are the particular forms that characterize the relationship between “waste” and value in post-2008 financialization? I argue that financialization is characterized by the organized conversion of distress into forms of financial value. To make this argument I lay particular emphasis on the rehabilitation of “toxic” assets through the practices of asset management in Ireland's National Asset Management Agency. I extend this argument by foregrounding political interventions staged around post-crisis housing, a critical strategy which seeks a certain point of confrontation between the abstract and the visceral. This strategy identifies the “afterlives of global capital” as sites that could incubate imaginative work designed to challenge finance in key ways. This provokes questions about financialized value: do we now locate value in forms of financial integrity or in decay, decomposition and detritus?

中文翻译：

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全球资本的来世

摘要 腐烂和分解长期以来对资本主义发展的历史很重要，但在 2008 年后金融化中，表征“浪费”和价值之间关系的具体形式是什么？我认为金融化的特点是有组织地将困境转化为金融价值的形式。为了提出这个论点，我特别强调通过爱尔兰国家资产管理署的资产管理实践来恢复“有毒”资产。我通过将围绕后危机住房的政治干预作为前景来扩展这一论点，这是一种寻求抽象与内在之间对抗的特定点的关键策略。该战略将“全球资本的来世”确定为可以孵化旨在以关键方式挑战金融的富有想象力的工作的场所。这引发了关于金融化价值的问题：我们现在是以金融完整性的形式还是以腐烂、分解和碎屑的形式来定位价值？