Machinic Unconscious Happy Hour
Taylor Adkins, @CNoumena, @YAgamben - Wicked Lyotard Pt 5
Feb 13, 2021
Taylor Adkins, @CNoumena, and @YAgamben discuss Jean Francois Lyotard's Libidinal Economy, covering topics such as the concept of women as currency in trade, analyzing Freud and Lyotard's perspectives on sterilization, the blockchain and its relationship to money, capitalism, crypto, and currency, waste and extravagance in relation to Versailles, exploring concepts such as monopoly and recantalism, contradictions in Leotard's ideas, the violence of the state and the locking of information, capitalism and the culture of competition, trade, Lyotard, and the free use of women's bodies, and an appreciation for the transcendental artistry of prose.
01:38:38
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Quick takeaways
- Currency is a social convention with no intrinsic value, functioning as an abstraction for exchange.
- Money reduces transactions to a zero-sum game, accounting for desires and intensities but leaving an unaccounted surplus.
Deep dives
Currency as a symbolic convention
Currency, like language, is a social convention invented to facilitate exchange. It has no intrinsic value and is a sign without meaning. Money functions as an abstraction, a middle ground, and a lubrication for exchange between commodities. Its value is based on the system of equivalence in the market.
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