Of Synthetic Finance: Three Essays of Speculative Materialism

Of Synthetic Finance : Three Essays of Speculative Materialism
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Three Essays of Speculative Materialism, 1st Edition

Rather, we need merely overview those peculiar attributes marking the signature of the nomad, of nomadism, of nomadology, and can then subsequently move to immediately examine its purposive dynamics in the broadest-definition possible of an economic state space —and again, without any hint of implication that our case is made fully and finally herein It is to perform the more comprehensive latter task that we are reserving Infinite Leverage forthcoming, The shortest route to this answer is that nomadic distribution does not entail a parceling out of economic space, preproduced, fixed, enclosed, Euclidean, finite.

Rather nomadic distribution does precisely the opposite: it is the distribution of economic space itself, economic space produced as distributed in an open wealth as opposed to redistributing preproduced wealth in a closed space. An informed skeptic might grant that while in cosmology, biology, physics, and other fields studying complex systems we readily marvel at the nomadic distributive, alchemic, and indeed wholly unholy, unnatural, nonlinear capacities of Nature to produce space ex nihilo and ad infinitum, a likewise set of capacities, on which the economic wager of nomadic distribution is predicated, are not immediately apparent.

But this is precisely what is at stake. The question is whether —when adjusting the aperture of DST to finance, economics, to financial economics, and when deploying its analytics for speculative materialist purposes— we can disclose, in order to effectively operationalize, the material capacities of nomadic distribution in and as an economy as well?

If we are then willing to grant that a set of operators will activate the affects endemic to those attractors through which an economy of the war machine functions; and if we concede that there must be some socio-political coordination to their dromocratic form —however fluid or mobile, heterogeneous and couth; we will allow that there are some crucial issues to address concerning nomadic distribution. These issues, we believe, are principally technological and institutional, but then behavioral as well.

Economy of the War Machine (Part IV. Overview)

We are merely attempting to modestly push forward towards that rhizomatic mode of organization for the distribution of flows comprising a war machine economy, and are therefore self-assuming neither pressures of exhaustion nor systematicity. For this we will restrict ourselves to examining three basic prefatory issues. First, there is the technological question of interminable deterritorialization.

We may end up rather preferring the numerics of implied volatility, by which to achieve a world of prices yet without money, and for this reason our elaboration of the technological issue will also take up its exposition. We have good reasons for understanding implied volatility as an intensive economic property; everything about the volatility smile causes this conviction. However, to make this point, naturally, our reader must be prepared to learn about the class of financial derivatives called options. In truth our penchant is to regard this issue as mutatis mutandis a portion of the larger question of dromocratic community.

In the course of our exposition of Numbering Number, we demonstrate that this institutional question was always a question about the economic institutionalization of topological and fractal forms. These dromocratic economic institutions, as we will show, are topological, in that they stretch and bend, fold over and twist. And yet their dimensions are nonrectifiable, discordant, intractably irregular, i. Therefore, when conceived as a fractal form , the double deterritorialization that involves Numbering Number is best actualized as, again, on the one hand, a scaling cascade of tranched cash flows whose turbulent but periodic motions are organized around strange attractors and their affects , which is achieved by a universal synthetic CDO USCDO ; and on the other hand, those clusters of exotic options CEOs , whose stochastic motions are also organized around strange attractors and their affects.

Any notion involving attractors inevitably raises the issue of behavior, and raised by the issue of behavior is that of the issue of ethics. Less frequently explained, however, is the technical basis on which this assertion stands. For this reason, our third issue is an issue of the role and relation of phase singularities to the arrangement of attractors and their affects.

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Let us recall that the principal question of dromocracy, inaugurated in Parts I and II, was how a fully-, or if not fully-, then an as-fully-as-possible-rhizomatic distribution of flows, and therefore neither segmented-centralized arborescent nor capitalist fascicular , is realizable? How does a nonperiodic flow distribute itself when in fact that flow is free to distribute its own principals of distribution? This is the question for the rhizome model.

But in truth it is also the question of chaos, to which DST has already provided a good reply. Moreover, our reader will see that this original question about the viability of the nonperiodicity of rhizomatic flows is reinvoked in Issue Three, as now foremost a behavioral question, whose effective redress pivots on the activity of arranging attractors. Let us proceed on to our selected technological and institutional issues respectively, immediately below, in order to end our essay on dromocracy with the beginning of an address to this question, wherein we consider what we have called the behavioral issue as well.

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Gregory S. Analytic philosophy. A few of the various but often interrelated positions characteristic of philosophers working from a pragmatist approach include:. It equates any conception of an object to the general extent of the conceivable implications for informed practice of that object's effects. New York: Lexington Books. Douglas Browning et al.

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Nature, it seems, would exist, even if there were nothing that was aware of it. Hence the problem can also be formulated thus : how does intelligence come to be added to nature, or how does nature come to be presented?

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Hypothesis: Freedom in an unfree society can only be feigned. Such a feigning is by definition an artistic act. In a post-political age art bears a social responsibility. In the first stages the very notion of education will be explored so that a new system can be delivered which recognises the value of knowledge sharing between peers and across disciplines. Finally a free accredited system will be set up in such a way that it can be delivered from anywhere in the world, growing and changing organically as it disperses via accessible communication platforms. In this way it is intended to break the monopoly that the State-Business model has over education.

Of Synthetic Finance: Three Essays of Speculative Materialism

A lecture by Reza Negarestani focused on the possibility of a genuinely modern philosophy of the inhuman in the wake of a disenthralled system of knowledge as an accelerated navigation of concept-spaces. The lecture is drawn on the works of Giuseppe Longo, Lorenzo Magnani, Gilles Chatelet and Alain Berthoz in cognitive sciences, mathematics especially the recent geometrical turn and physics accompanied with introductory commentaries on the exciting works of Gabriel Catren on anarchic constructivism and Benedict Singleton on metis intelligence and a cunning understanding of reason.

Chimeras are integrated bodies that synthesize incompatible modalities, surpassing their respective particularities without fusing them, finding a common ground, or reducing one to the other. Chimerization, a recent work by Florian Hecker, uses psychoacoustics to compose such creatures from readings of a libretto penned by philosopher and novelist, Reza Negarestani. Expanding on this work, Hecker and Negarestani come together in a live experiment — less a collaboration between philosophy and sound than a synthesis of the two. The performance opens Part 1: Descent with a theory-fiction-mathematics manifesto that introduces the dramatis personae and abruptly drops the goat of philosophy into the abyss.

In the final movement Part 3: Alienation this personal experience of local synthesis is replaced by an estranging immersion into the impersonal experience of the global, synthetic environment as the intensifying, sonic chimerization moves beyond the sphere of the knowable.

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An exercise in deregulation of the senses, this unique performance brings together two ambitious thinkers and practitioners in an experimental surgery that opens up their respective fields onto unexplored grounds. Doors open at 7pm. Seating is limited, and available on a first-come, first-served basis. Speculative Heresy. Blog at WordPress.