2015
DOI: 10.1215/1089201x-3426241
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Speculation

Abstract: Speculation: New Vistas on Capitalism and the Global This special section of Comparative Studies in South Asia, Africa and Middle East investigates speculation as a crucial conceptual tool for analyzing contemporary capitalism. Speculation here is understood to be the making present and materializing of uncertain futures. It is an engagement with uncertainty for profit as well as for survival. Read together the articles demonstrate that the situated materialities and magical realities of global capital flows c… Show more

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Cited by 82 publications
(10 citation statements)
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“…Success with capital not only relies on these factors but is directly generated from them, and from matrices of gender, race, and class that also infuse industry processes (Bear et al . ; High & Smith, this volume). They are sources of what Tsing (2015 b ) calls ‘salvage accumulation’ or the generation of wealth by means of ‘conversion of stuff with other histories of social relations (human and not human) into capitalist wealth’.…”
Section: Calling In Debt: Monitoring (A)moral Disentanglementsmentioning
confidence: 95%
See 1 more Smart Citation
“…Success with capital not only relies on these factors but is directly generated from them, and from matrices of gender, race, and class that also infuse industry processes (Bear et al . ; High & Smith, this volume). They are sources of what Tsing (2015 b ) calls ‘salvage accumulation’ or the generation of wealth by means of ‘conversion of stuff with other histories of social relations (human and not human) into capitalist wealth’.…”
Section: Calling In Debt: Monitoring (A)moral Disentanglementsmentioning
confidence: 95%
“…Indeed, after Challenge had spent all the original equity finance capital, the bank approved the company's expanding line of credit to drill more wells based on these same ‘investable’ formulaic results. These forms of modelling and evaluation used to both generate and qualify prospective drilling locations are critical to sustaining the anticipatory affect that fuels economies of speculation and capital attraction (Bear, Birla & Puri ; Li ; Tsing ; Weszkalnys ; Wood ; see also Kneas for mining context). It seems they are also critical to generating economies of demise and contraction.…”
Section: Calling In Debt: Monitoring (A)moral Disentanglementsmentioning
confidence: 99%
“…At the affirmative end of this spectrum, our conceptualisation of aspirational futures connects to a growing literature exploring anticipatory and speculative dynamics in the context of various "modernist schemes" (Scott 1998), including special economic zones, mega-infrastructures such as dams and airports, communication infrastructures such as roads, urban expansion and "greenfield" development projects of all sorts (Levien 2011;Bear, Birla, and Puri 2015;Nielsen 2017;Nielsen and Da Silva 2017). As Cross suggests, the establishment of special economic zones fuels "economies of anticipation" in which dreams of profit are shared not only among "developers" but among "those who are set to be most affected by their construction, creating arenas in which diverse modes of speculation are brought into a generative engagement."…”
Section: Futurity: Anticipation and Transformationmentioning
confidence: 98%
“…In this paper, we characterize Forest City as a particular and extreme form of speculative urbanism, connecting it to scholarship on the recent rise of Chinese foreign investment in Southeast Asia. Broadly, speculation describes expectations of increased future value or, ‘the making present and materializing of uncertain futures’ for profit (Bear et al, 2015: 387), as new urban infrastructure is constructed for ‘primarily political or economic purposes, rather than to meet real […] demographic or market demand’ (Marcinkoski, 2016: 10). Speculative urbanism is a useful framework for understanding the emergence of urban megaprojects and transnational real estate developments (TREDs) (Koelemaij and Derudder, 2021), including the role of local actors in monetizing land to facilitate large-scale foreign investment in local housing markets (Shatkin, 2016).…”
Section: Speculative Urbanism and Chinese Investment In Southeast Asiamentioning
confidence: 99%