Money and Art: Six Artists, Two Crises (1973, 2008)
Max Haiven (mhaiven@lakeheadu.ca)
Canada Research Chair in Culture, Media and Social Justice
Lakehead University, Canada
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Forthcoming in A Cultural History of Money in the Modern Age,
edited by David Pederson and Taylor Nelms. London: Bloomsbury 2017/18.
Introduction
While in the modern age it has usually been supposed that money and art are
diametrically opposed, they are, I would suggest, mutually reinforcing. While allegedly
unrelated, my argument is that they are in fact intimates brought into critical proximity by the
institutional and systemic particularities of late capitalism. While both art and money predate
(late) capitalism, the unique forms they take on in and as part of that system share important
mutualities. If money can claim to be cool, rational, base, and worldly, then art, its alleged
opposite, can be passionate, imaginative, virtuous, and transcendental. Indeed, art’s monetary
value relies precisely on offering the buyer the chance to acquire a commodity whose value is in
some sense non-commodifiable, resilient to money’s influence. Conversely, the great claim of
modern money management is to eschew any pretense of artfulness and insist upon the scientific
dispassionateness of economics and financial risk management. It is a surplus of
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temperamentality and imagination, we are told, that throws an otherwise rational clockwork into
disarray. It is not only that the single largest demographic of collectors of contemporary art are
financiers, or that the heart of the art world has pulsed so enthusiastically in the great financial
metropoles of the modern era. It is that money and art share a strange and fateful symmetry.
In this chapter, I describe one part of that symmetry, focusing on how this entanglement
has evolved through the advance of financialization. I have selected the six works by radical
artists from two key moments of crisis in the history of financialization: 1973 and 2008. All six
directly engage with money, either as a tangible medium or as a prompt for artistic, political and
cultural critique and invention. By critically examining this work, we can see how artists
understand the broader economic conditions in which they find themselves, gain an
understanding of those conditions, and trace the fate of money itself. Artists like these seize upon
the contradiction with which I opened this chapter: under late capitalism money and art appear as
sworn enemies but in fact share deep affinities. It is these affinities that give money-art, and
especially radical money-art, its aesthetic and its critical heft. Such approaches are especially
important today, in our moment of financialization.
I have selected 1973 and 2008 as pivotal years for reasons that will become clear. Two
years after Nixon severed the US dollar from the gold standard, 1973 was marked by OPECtriggered oil crises that threw the petroleum superpower into economic extremis. Meanwhile, a
US-backed coup d’etat in Chile made possible experiments in neoliberal free-market policies that
would radically transform the world in the following decades. In the world of finance, 1973 saw
the invention of the Black-Scholes formula for pricing derivatives, which revolutionized risk
management; the construction of the digitized World Trade Centre in New York; and the
opening of the world’s first dedicated options exchange in Chicago. Meanwhile, thawing of
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tensions between the US and Russia and China signaled the softening of state socialism. 1973 is
also about the year (depending on measurements) that the purchasing power of US workers
reached their peak, holding steady or (in aggregate) declining since then. It also represents a
high-water mark in a cycle of social movement struggles against the order of capitalist
reproduction. For these reasons and more, 1973 here represents a convenient date for periodizing
the emergence of financialization.
Critical, activist-oriented art has much to teach us – not only about aesthetics and culture,
but also about politics and economics. I have previously explored the connections between
finance and the imagination (Haiven 2014). I argue, first, that the rise of “fictitious capital”
depends on creating systems capable of sustaining the dominance of “imaginary wealth” – where
“imaginary” does not mean “unreal” but rather, in the spirit of Cornelius Castoriadis (1997), the
solidification of a shared social process of meaning-making into durable social institutions and,
more broadly, forms and orders of value. Second, I argue that financialization has both fomented
and depended on a more profound transformation of the discourses, affects, subjectivities, and
habituses of daily life, even for those who have little experience with or understanding of the
financial services industry. In other words, financialization is not only a political economic
transformation; it is also a sociological and cultural one in which the measurements, metaphors,
ideas, value-paradigms, logics, and affects of finance become increasingly useful – indeed,
dominant – tools in governance of social institutions and the reproduction of social life. Finally, I
pose the idea that “finance” is itself a technology of the imagination, a set of techniques by
which capitalism as a whole and its privileged functionaries gain a sense of an increasingly
complex world system (Haiven 2011).
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This work has led me to an interest in art (Haiven 2015a; 2015b), especially critical and
radical contemporary art that mobilizes money as a creative and critical medium. Such art can be
approached as a crucial moment of reflexivity within financialization, which can be studied for
clues as to financialization’s otherwise opaque contradictions. I approach such art as both
singular works, capable of critical reflexivity, and also as symptomatic of the systems of which
they are a part.
Three Theories of Reproduction
My analysis of the six artists over the two periods covered in this chapter mobilizes a
three-pronged theorization of capitalist reproduction (and reproduction under capitalism) I have
elsewhere (Haiven 2014) discussed at greater length. The first analyzes the ways in which
capitalism seeks to reproduce itself; the second seeks to explain the reproductive cycles between
capitalism as a system, social institutions and individual actors; the third centres the (typically
feminized) labour of reproducing life and society as a means to reframe exploitation and
resistance. These three theories offer critical approaches to struggles within and against
capitalism, creating a triangular frame that allows us to attend to the historically and
geographically specific nature of capitalist accumulation and its transformations. They sensitize
us to systemic contradictions that offer opportunities for resistance, while also prompting the
reorganization of capitalism in the name of its own reproduction. Finally, I find in this triangular
framework an accounting of culture not as a secondary, residual, or contingent element of
economics, but as an integral, dialectical force.
Importantly, this three-fold approach to reproduction encourages us to see capitalism less
as a total system and more as a crisis-prone and -driven constellation of shifting forces. As Harry
Cleaver (2000) makes clear, these crises, while then may appear structural or internal, always
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stem, ultimately, from resistance and rebellion. What David Harvey (2006) calls the “fixes” for
these crises never solve the underlying contradictions but elevate them to a new level, posing
new contradictions and challenges for social struggles. The three-fold approach to reproduction
allows us to see that, in each historical moment, the tensions between different forms of
reproduction can fruitfully be read as key fault lines of crisis, contradiction and struggle.
The Reproduction of Capitalist Circulation
The first realm of reproduction builds on Marx’s (1981, 1992) analysis of capitalist
accumulation. Taking up the work of classical political economists, Marx agrees that “capital”
under capitalism is not given. It is a force always in motion, based not on the stability of land or
precious metals but on the society-wide orchestration of labor (Lapavitsas 1999; Nelson 1999).
Marx’s signature contribution was to identify that this orchestration of labor was fundamentally
based on exploitation and thus inherently riven by recurrent crises, stemming from the internal
contradictions of the system or from workers’ struggles. Most of these crises are connected to
contradictions that interfere with the circulation of capital, where money plays a key role
(Harvey 2006). Examples include: the falling rate of profit, where competition between capitalist
firms forces prices so low it becomes perilous to the reproduction of individual firms; the
overproduction (or underconsumption) of goods based on the system’s productive priorities
being driven by exchange values, rather than use values; the over-exploitation of the working
class, leaving them without enough money to reproduce themselves through the purchase the
fruits of capitalist productivity (i.e., their own productivity sold back to them); and manifold
contradictions having to do with temporal and geographic limits to capitalist circulation. The list
goes on – and this framework has been a centerpiece of understandings of money and finance in
the modern or late capitalist era.
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Two things are vital for our purposes. First, whatever the root of these crises, they tend to
manifest in capital’s circulatory medium, money (Lapavitsas 2013). Second, as Rosa Luxemburg
(2003), V.I. Lenin (1939) and others (Harvey 2003, 2006; Panich and Gindin 2012) have
illustrated, capitalism’s response has been to displace or elevate the contradiction to a higher
level through institutional developments or systemic transformations. So, for instance, as Harvey
(2006) elucidates, the banking and finance sector emerges to help capitalism “fix” the problem of
the temporal and geographic contradictions of circulation, providing an institutional basis for
geographically mobile commercial paper (bank scrit, credit notes, etc.) and temporally secure
investments (which redistribute profit among capitalist enterprises) (see also Lapavitsas 2013).
As Luxemburg (2003) notes, colonialism and imperialism are means to reproduce capital in
circulation once it has accelerated to terminal velocity within a specific country – not only
freeing up new sources of labor and materials, not only opening new markets, but also offering
opportunities to waste ill-begotten wealth on military expenditure, relieving the tensions of
overaccumulation and conscripting the working classes under nationalism (Harvey 2006). In
short, as capitalism’s inherent contradictions manifest as crises in the circulation of money, these
crisis offer opportunities both for struggle and for (often violent) capitalist restructuring.
The Reproduction of Class Institutions
The second realm of reproduction emerges from the work of French sociologists and
social critics (e.g., Althusser 2014; Bourdieu 1990, 1993 2005; Foucault 1978, 1979) and the
England-based progenitors of the field of cultural studies (e.g., Hall 1996a; Hoggart 1998;
McRobbie 2005; Williams 2005; see also Giroux 2001). Both schools of thought sought to break
with doctrinaire Marxist interpretations of the reproduction of capital, which gave short shrift to
the agency of individual actors and to the centrality of state institutions, especially in the postwar
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industrialized West where mass media and the regulatory state had risen out of class conflict to
reproduce and mediate capitalism (Hall 1996b; Williams 2005). The importance of social
institutions in mediating capitalist accumulation while generating complicit, docile, or
specialized subjects was of central importance to a generation of critics who likewise witnessed a
new cycle of grassroots struggles by workers, students, prisoners, psychiatric patients – and
artists (Katsiaficas 1987; Ross 2002). Also of critical importance was the emergence of a larger
postwar middle-class, which conscripted increasingly isolated citizen-consumers by
preoccupying their personal hopes and ambitions (Plant 1992). These theorists were concerned,
in part, with how a traditional understanding of capitalist cultural politics was shifted by the
increased availability of money to workers, without any real change in ownership of or control
over production.
Thus these scholars were concerned with how class identities and institutions were
reproduced and how class, in turn, reproduced social institutions. For these scholars, institutions
were fields of power that, while not directly subjugated to capital, nonetheless helped reproduce
it and its subjects. Their analysis focused on semi-autonomous hierarchies and circuits of value
at work within schools, the media, prisons, galleries, bureaucracies, the military, and public
space and the various institutions of what has come to be called the “art world” (including
museums, galleries, auction houses, dealers, art schools, periodicals and philanthropic
foundations) Differential forms of “capital” (symbolic, cultural), in Bourdieu’s terminology,
circulated semi-autonomously through these institutions in ways that could not be understood as
simply due to the machinations of (“big C”) Capital (Beasley-Murray 2000). These authors
sought to understand, then, how power might be exercised and reproduced outside of, or
alongside, money through institutional environments and subjectivities. They also sought to
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describe how the logics and codes of money might be infiltrating and reorganizing spheres of
social life initially thought to be immune or allergic to them.
The Reproduction of Social Life
The final realm of reproduction surfaced out of materialist feminist critiques of Marxism
that emerged in tandem with broader Second Wave feminist movements of the late 1960s and
early 1970s. Rejecting both a liberal feminism that sought reforms within capitalist institutions
and a culturalist feminism that understood gender-based oppression as a matter of attitudes and
dispositions (natural or nurtured), these critics sought to understand women as uniquely
exploited workers whose labor was central to capitalist accumulation and reproduction (James
and Dalla Costa 1979; Federici 2005, 2012; Firestone 2003; Fortunati 1995; James 2012; Mies
1986; see also Fraser 2013). In contrast to traditional Marxist approaches focusing on the
commodification of the energies of formal wage workers, materialist feminists turned their
attention to the production of this laboring commodity itself – the worker – and identified the
patriarchal home as the workshop. Reproductive labor – bearing and raising children, cooking
and cleaning to maintain the home, and caring for and reproducing working class community, all
of which have traditionally been expected of or forced on women – became a central axis of
struggle (Ferguson and McNally 2015). The Wages for Housework campaign, for instance,
aimed at the contradiction between capitalism’s reliance on women’s reproductive labor and the
exclusion of such labor from the waged economy (Weeks 2011).
This theoretical paradigm’s emergence was timely. By the late 1960s, laws and customs
that had prohibited or constrained (white) women’s economic participation in capitalism were
slowly diminishing, thanks to stalwart activism. The prospect of women’s economic and legal
self-sufficiency presented a quandary for feminist thinkers: to what extent should women’s
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access to money be pursued as a means towards empowerment and fulfillment, and to what
extent should it be distrusted? Could capitalism survive without the exploitation of women’s
reproductive labor?
In recent years, as affective, care, and other kinds of reproductive labor have been
increasingly commodified (through, for example, the formal and informal “service sector”),
theories of social reproduction have been more widely applied to understand the changing nature
of work and life in an era defined by precarious work, the decay or weaponization of the welfare
state, and the subtle, unsung, unpaid, and essential micro-labors that reproduce bodies, minds,
and souls within organizations and institutions (see Haider and Mohandesi 2015; Luxton and
Bezanson 2006; Stakemeier and Vishmidt 2016).
Three works of money-Art, 1973
Art’s special place under capitalism gives artists who work with money the potential to offer
unique and provocative insights. Art is a form of labor and a commodity that, to maintain
institutional legitimacy and market value, must constantly and in new ways reject its own
commodification – even when this rejection takes the form of a crass, iconoclastic embrace of
that commodification, as in the work of superstars like Damien Hirst, Takashi Murakami, or Jeff
Koons (Taylor 2011). Money itself, when incorporated as a medium (coins, bills, credit, debt) or
as a theme, can superheat these tensions in such a way that the otherwise seemingly rigid cultural
politics of money become pliable or ductile.
One of the “functions” of money – in addition to medium of exchange, unit of account,
store of value, and so on – is as a medium of the imagination (Haiven 2015b). Coins and
banknotes have long been aesthetic canvasses, although usually monopolized by the powerful
and used to circulate images of rulers and nations aimed at reinforcing political legitimacy and
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sovereignty. Yet money is available to others, too. A full genealogy of the critical artistic use of
money is beyond the scope of this chapter (see Haiven 2015a). But art and artists have
consistently sought to understand and in some cases challenge the power of money in their work
(Crosthwaite, Knight, and Marsh 2014; Shell 1994). There have been many artists drawn to the
theme (Siegel and Mattick 2004), and in the post-2008 moment, the role of art and artists as
radical critics of the capitalist economy has become even more clear (see Sholette and Ressler
2013).
The following three radical artists and artworks work directly with money as a means to
address and challenge contemporary conditions of capitalist reproduction. Each is inspired or
agitated by a central contradiction of the 1973 moment while also pointing towards changes to
come. Each, I suggest, focuses on a particular realm of reproduction; between them we can
create a triangular frame within which to envision the forces that shaped the emergence of
financialization and the transformation of money in the modern era.
Joseph Beuys, KUNST=KAPITAL (197?–198?)
Starting in the early 1970s (dates are difficult to ascertain), West German sculptor and
pioneer of performance and conceptual art Joseph Beuys used banknotes of various nations as a
canvas and a distribution system for a series of provocative messages (Opitz 2015; Rösch 2013:
21-23). Primary among them was KUNST=KAPITAL (Art=Capital), which he scrawled in pen,
crayon, marker, and paint on an unknown number of notes before passing them back into
circulation. The technique was not new. Since at least the early nineteenth century, circulating
legal tender has been as a medium of political expression, from the coins engraved by
suffragettes with the message “VOTES FOR WOMEN” to the convict love tokens of
incarcerated working class Londoners, who – convicted of petty crimes (including counterfeiting
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or handling counterfeit currency) and awaiting colonial transportation and indenture – inscribed
messages to loved ones on coins (Field and Millet 1998; Shell 1994). In fact, the Nazis also used
this technique to spread anti-Semitic propaganda on devalued German Marks during the Weimar
period (Sandrock 2007).
It would be tempting to read Beuys’ intervention as merely a cynical reaction towards the
increasing commodification of art in the 1960s and 1970s, a topic of furious conversation at the
time in the US and Germany. There, thanks in part to postwar prosperity, in part to government
support for abstract expressionist art as a Cold War strategy to promote “Western freedom,” art
markets were booming and “contemporary” or “modern” art was becoming a known quantity
and a desirable designation (Saunders 2001).
Yet although Beuys in some ways embraced and leveraged the persona of the romantic
artist, cultivating a cult of personality and designating himself a neoshaman with vast social
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responsibilities, Beuys’ KUNST=KAPITAL message, also a frequent topic of other work and
lectures, was not some melancholic or furious denunciation of art’s growing proximity to money.
Rather, the formula represented the irreducible kernel of an expansive quasi-Marxian theory of
value that Beuys thought could become the basis of a socialist-humanist philosophy capable of
transcending the bad infinity (or false dialectic) of Western capitalism and Eastern communism
(Beuys 2010).
Beuys coined the term “social sculpture” to describe works that incorporated human
actors, joining other postwar artists in dissolving the distinction between artist and audience. In
this piece, each banknote is transformed into a social sculpture consummated through its return
to monetary circulation. Beuys famously believed that all human beings were inherently artists,
entitled to use the imagination to transform the world. But following Marx (and also perhaps
channeling anthropologist Marcel Mauss), this imaginative potential, under capitalist
relationships of exploitation, was not so much lost as subsumed or redirected in the interests of
reproducing commodities, the same commodities the worker was compelled to purchase. The
chief mediator and medium of both the exploitation of labor and the circulation of commodities
was money – a substance whose value was, especially in the case of paper banknotes, largely
imaginary. Yet Beuys was not making a simplistic argument that money is an illusion. He was
appropriating money’s functions to critique them. As a means of circulation, he compelled
money to circulate a radical message (radical in the sense that it seeks to destabilize the root); as
a unit of account, he made money account for a shared humanist ledger wherein imaginative
energies are transmuted into (alienated) material wealth; as a store of value, he summoned
money to reveal what is encrypted within it: humanity’s own collective imaginative potential,
cruelly subverted. Beuys might be said to be translating Mauss’s observation that money is the
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“false coin of our dreams,” our own inherent imaginative power returned to us as a worldly token
(Graeber 2001).
Beuys leverages several contradictions inherent in the moment. For example, the nationstate’s reliance on currency as a vehicle for the reproduction of an imagined community can at
times contradict the needs of capitalist interests, who – as in both the US and West Germany in
the late 1960s –experience territorial limits accumulative expansion (Cleaver 2005). The late
1960s also represented a moment of profound crisis for the Keynesian, regulatory state, which
had seen profits and capitalist wealth-share dwindle relative to workers’ economic power.
Occupying the object (banknotes) where state power and capitalist circulation intersect was a
crucial gesture for Beuys in his efforts to stimulate the radical imagination. Indeed, Beuys
identified money’s vulnerability at a moment when its claims to accurately represent value were
tenuous.
Hans Haacke, MoMA Poll (1970)
Another West German artist, Hans Haacke (2016), likewise leveraged the contradictions
of capitalist reproduction to produce incisive radical work. The work in question, MoMA Poll
(1970), is an early and influential part of what would, by the late 1980s, be identified as
“institutional critique,” through which the artist calls conspicuous attention to the ways broader
systems of power are at work in the institutional environment of the gallery or museum, in their
work itself, or even in their own subjectivity or economic participation as an artist (Metzler
2013; Osborne 2002).
Haacke applied to a juried exhibition of works from emerging artists to present a piece
that would encourage audience participation, something relatively new and daring at the time.
MoMA had become a popular recreational and educational destination, thanks to a growing
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educated urban middle class, tourism, and the largess of the US government and capitalist class
eager to promote the freedom and individualism of “Modern Art” as a form of Cold War
propaganda. Visitors would be
asked to cast a vote in a transparent
YES or NO ballot box regarding a
topical current event. After being
accepted into the show Haacke
revealed at the last minute that the
question would be “Would the fact
that Governor [Nelson] Rockefeller
has not denounced President
Nixon's Indochina policy be a
reason for you not to vote for him
in November?” and invited the
audience to “Answer: If 'yes'
please cast your ballot into the left
box if 'no' into the right box.”
In addition to being scion to the Standard Oil and Chase Bank corporate empire,
Rockefeller was a major Republican politician, a three-time candidate for the party’s presidential
nomination and a frequent appointee to leading security and military committees under the
Nixon administration (Smith 2014). Before taking up duties in Washington and Albany,
Rockefeller had served as a longtime governor of MoMA, and at the time of Haacke’s poll, both
his brother and sister-in-law were trustees (Haacke 2009). The considerable pressure they
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collectively brought to bear on the curator was not sufficient to convince him to remove Haack’s
piece, but it did lead to the curator’s dismissal several months later, after the piece was
displayed. Haacke kept records of the visitors to the museum and the piece, as well as the vote
tallies. ”YES" won handily.
Haacke’s intervention set an ideological trap: to force money to reveal itself as the sine
qua non of the museum, to goad what is usually invisible to come into the light. It was also part
of a series of actions that targeted MoMA during the Vietnam War, which sought to call
attention to the complicity of art and culture in the reproduction of American capitalism and
imperialism abroad (Bryan-Wilson 2009). Yet it was also a moment when “contemporary art”
further developed an appetite for social critique; hence the inclusion of Haacke and other radical
artists in the exhibition. Their ability to occupy that space and make their interventions was due
to contradictions in the institutional reproduction of capital that Haack’s piece sought to
illuminate.
As Bourdieu (1984, 1993) famously argued, artistic taste is by no means a natural or
purely intuitive affair. Especially in the modern epoch, taste is educated, refined, and
manipulated as a means to generate and accumulate cultural and social capital, largely among the
wealthy classes. As capitalism emerged in Europe, art too emerged as a distinct and secular
category (Wolff 1984). Whereas once art might have been embedded in religion or craft, as
capitalism unfolded, an emerging bourgeoisie—who, as opposed to the aristocracy they
displaced, enjoyed no class legitimation outside of access to money—developed an appetite for
singular, commodifiable art objects whose purchase and collection served as proof of intellectual
and spiritual superiority (Haiven 2014a). Ironically, it was precisely a class obsessed with and
wrought from the base and worldly circulation of money that demanded artifacts that allegedly
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emanated from and reflected the transcendental realm of romantic imagination (see Bürger
1984). Art connoisseurship, organized around the acquisition of commodities and public rituals
like gallery-going and auctions, became central to the reproduction of the capitalist class
(Baudrillard 1981; Clark 1999).
The rewards are not only subjective and communal. Sitting on the same boards or going
to the same events offers otherwise competitive capitalists an opportunity to collaborate and
make common cause, form alliances and agreements in the interests of their class (Currid 2007;
Thompson 2010; Thornton 2008). Meanwhile, presenting themselves as patrons of the arts and
therefore facilitators of the higher human ventures and defenders of the artistic pursuit of
unalienated labour might all be seen as buying capitalists a kind of indemnity or absolution for
the fundamental exploitation of alienated labour in factories and fields that begat their wealth in
the first place. Further still, the canon of art, focused on the products of elite white European
men, creates a field of ideological legitimacy around this demographic’s right to rule; the
monopolization of the narrative of artistic triumph justifies supposedly benevolent rule over
women, people of color, colonial populations, and the working class (Fanon 1963). Finally, art
collecting and connoisseurship offers a number of financial rewards. While art objects are
notoriously illiquid assets, they have long been used as long-term investments, as savings
instruments or as collateral for loans or components of estates (Horowitz 2011). Donations or
loans of works to museums not only earns self-congratulation and the admiration of one’s peers,
it also offers tax breaks and opportunities for tax fraud (Davis 2015; Steyerl 2015). More
generally, investment in art (especially contemporary art) offers the wealthy a sort of parafinancial game, a parody version of “real” markets, where psychosocial muscles of financial
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speculation get to stretch in a gymnasium of the imagination (Malik and Phillips 2013; Velthius
2007).
All these motivations were certainly at play for the Rockefellers and helped shape the
institutional ecology of MoMA in the early 1970s. Since its founding by New York financiers in
the 1920s, the museum had served their interests, while claiming to promote those of the public
and of art. But MoMA was unique in ways that are highly demonstrative: from its outset it was
dedicated to collecting and showcasing the “modern” (Wilson 2009).
But by the late 1960s, artists had begun to realize and question their culpability in the
reproduction of capitalism and imperialism, while also seeking to escape and reject the circuits
of cultural capital and commodification that had begun to embrace them (Bryan-Wilson 2009).
At the same moment that capitalism created new institutional frameworks for the collection and
exhibition of modern and contemporary artwork, it also opened the door to forms of political and
aesthetic radicalism diametrically opposed to it.
This contradiction was only a particular reflection of a broader crisis of reproduction in
the late 1960s, one in which many oppressed and exploited populations rebelled against the
capitalist and imperialist system they were being reproduced to serve (Katsiaficas 1987). As the
Civil Rights movement morphed into the Black Power movement, racialized subjects of empire
rejected the reproduction of racial hierarchies in the institutions of prisons, law enforcement,
schooling, health, housing, and universities. Second-wave feminism and queer liberation
likewise rejected the institutions of gender, marriage, and sexuality that were central to the
postwar mythos of middle-class suburban happiness. Students rose up against conservative
educational institutions. This was a moment when the bluff was called on the forms of “freedom”
and “prosperity” promised as part of the postwar “deal” that had supposedly saved capitalism
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from collapse and uprising (Day 2005). Yet the compromise was falling apart. Put otherwise, the
institutions and identities germane to the reproduction of capitalism were on the rocks.
Haacke’s intervention at MoMA, then, capitalized on these contradictions not only to tweak the
nose of power in its own temple, but also to suggest a new set of priorities for art: politically
engaged, participatory, explicitly challenging social norms, aesthetically blunt. His is a reflection
of and contribution to a revolt within and against institutions central to the reproduction of
capitalism, insisting they serve instead the reproduction of radical democracy.
Lee Lozano, REAL MONEY PIECE (1969)
Lee Lozano was a path-breaking,
erratic and enigmatic figure in the history of
feminist and conceptual art. Central to
Lozano’s practice were experimental pieces
of interactive, durational performance art,
based on a set of brief, strict instructions to
herself or to others (Koch 2011; LehrerGraiwer 2014; Molesworth 2002; Spears
2011 ). Paradigmatic is her 1969 CASH
PIECE, also known as REAL MONEY
PIECE, whose physical trace takes the form
of pages of her notebook that begin with the
following instructions:
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NOTE: AT BEGINNING OF THIS
PIECE
THE
JAR
CONTAINS
BILLS OF $5, $10, $20, ABOUT
$585’S
TWO
WORTH,
OR
COILED
THREE
IN
PACKETS
AROUND THE INSIDE OF THE
JAR, UNBOUND. THE MONEY
COMES FROM ROLFE RICKE
FROM
SALE
OF
PAINTING
“SWITCH.” OFFER TO GUESTS
COFFEE,
DIET
PEPSI,
BOURBON, GLASS OF HALF
AND
HALF,
ICE
WATER,
GRASS, AND MONEY. OPEN
JAR OF REAL MONEY AND
OFFER IT TO GUESTS LIKE
CANDY. (APR 4, 69)
These instructions to herself (and perhaps future artists wishing to replicate the piece) are
followed by a day-by-day journal of the results of the experiment from April 4 to July 9, 1969,
documenting the responses of visitors, friends, and other artists. These responses range from
whimsical to avaricious, mirthful to furious. On April 27, “KALTENBACH TAKES ALL THE
MONEY OUT OF THE JAR WHEN I OFFER IT, EXAMINES ALL THE MONEY & PUTS IT
ALL BACK IN JAR. SAYS HE DOESN’T NEED MONEY NOW.” On May 1, “WARREN C.
INGERSOLL REFUSED. HE GOT VERY UPSET ABOUT MY ‘ATTITUDE TOWARDS
MONEY.’” On May 23, “PAULA DAVIES AND MARILYN LEARNER DROP IN
UNEXPECTEDLY. NEITHER TAKE ANY [MONEY] BUT PAULA SAYS LATER SHE
WAS ‘CONTROLLING HERSELF.’” On June 6, “ALAN SARET VISITS AGAIN & MAKES
A PIECE OF THE MONEY WHICH IS NOW IN TWO PILES ON THE FLOOR, EACH
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SHAPED SIMILARLY TO A ‘FOOTSTEP’ BY FOLDING & MOLDING TO HIS HAND. IT
LOOKS GOOD LIKE THAT & I’M GONNA LEAVE IT ON THE FLOOR FOR A WHILE.”
“REAL MONEY PIECE” developed several months after/into Lozano’s “GENERAL
STRIKE” piece, which involved these instructions:
GRADUALLY BUT DETERMINEDLY AVOID BEING PRESENT AT
OFFICIAL OR PUBLIC ‘UPTOWN’ FUNCTIONS OR GATHERINGS
RELATED
TO
THE
‘ART
WORLD’
IN
ORDER
TO
PURSUE
INVESTIGATIONS OF TOTAL PERSONAL AND PUBLIC REVOLUTION.
EXHIBIT IN PUBLIC ONLY PIECES WHICH FURTHER SHARING OF
IDEAS & INFORMATION RELATED TO TOTAL PERSONAL AND PUBLIC
REVOLUTION.
It also came several months before Lozano’s more extreme and ultimately selfdestructive “DECIDE TO BOYCOTT WOMEN” piece (in which she refused to communicate at
all with women) and “DROPOUT PIECE” (in which she not only severed ties to the art world
but also sought to break herself of all artistic habits, often with the assistance of powerful
narcotics). 1969 was arguably the height of Lozano’s career by conventional measurements,
culminating the following year in a solo show at New York’s Whitney Museum. Yet it preceded
a period from 1972-1981 during which she disappeared and after which she did not exhibit art or
communicate with anyone outside her family until her death in 1999.
While feminist art and art criticism was not to emerge in earnest until slightly later in the
1970s, Lozano was among a number of female-identified artists who made gender, sexuality, and
the body central to radical art practice (Wark 2006). In so doing, she adopted and critiqued
masculinist trends in performance, conceptual, and minimalist art, all of which had emerged in
the 1960s (and prior) as approaches by which to avoid and critique the increasing
commodification and imperialist uses of American postwar contemporary object-based art. For
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Lozano, a “TOTAL PERSONAL AND PUBLIC REVOLUTION” meant more than just
solidarity to particular causes or groups and also more than creating propaganda for a cause. It
implied a brutally rigorous personal practice of reflexively interrogating power as it worked
through everyday life, social intercourse, habitual patterns, evaluative expectations, and the
gendered body. Lozano’s work was a sort of militant research into the field of social
reproduction and an almost desperate seeking-out of the contradictions therein.
In REAL MONEY PIECE, Lozano addressed these challenges explicitly with money,
avoiding more philosophical or conventionally “political” approaches to currency. Lozano
isolates money as a social medium – both in the sense of something that mediates human social
affairs, creating striations and complications within the field of relationships, affects, and
perceptions, and also in the sense of an artistic medium, a set of materials of creative expression
(Haiven 2015a). Lozano’s quasi-scientific isolation of cash as the “independent variable” in a
series of experiments makes visible its typically invisible impact on social relationality.
This piece revealed that, behind the embattled comradery of the New York radical art
“scene” lay vast inequalities: Lozano herself constantly struggled economically, in part because
she was an experimental and radical artist fundamentally opposed to commodification, in part
because gender oppression militated against her success even amongst similar artists.
Meanwhile, many of the visitors to her studio were wealthy collectors and benefactors, or artists
enjoying some degree of monetary success. The piece revealed otherwise-overlooked fault lines
among these individuals’ relationships with money.
REAL MONEY PIECE also illuminated the role of money in social reproduction more
broadly. Lozano’s financial difficulties as a divorcee living alone in New York spoke directly to
the reliance of women on men’s access to higher wages and more desirable occupations. While
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money was still off-limits as a topic of polite conversation – even in the more radical realms of
the art world – it continued to structure and delimit social relationships. Offering money “like
candy” to visitors not only undermined its value; it also transfigured an icon of private
competition into a sacrament of the gift, undercutting the conventional logic of money and
setting the scene for a very different social interaction.
At work here is the contradiction between money as the earthly representative of
capitalist circulation and money as a medium of daily life. From a conventionally economic
perspective, money’s only role is to mediate commerce in the public sphere, to act as a measure
and token of value in exchange. Yet as we know, money also has multiple uses and resonances in
the private sphere as a cipher or surrogate for interpersonal and cultural values (Nelms and
Guyer, this volume; Zelizer 1997). For Lozano, a “total personal and public revolution” thus
required interrogating money as both the medium of capital’s reproduction in circulation and the
medium of social reproduction, questioning its power to orchestrate productive labor in the
public sphere and reproductive labor in the private.
Three works of money-Art, 2008
The three artists above all seized on – thus illuminating – capitalist contradictions and
crises or reproduction that, while opening opportunities for social and artistic movements, would
trigger systemic transformations in the nature of capitalism. Before exploring the work of three
artists responding to the crisis of 2008, let us briefly review three seismic changes that followed
1973 in our three spheres of reproduction.
On the level of the circulation of capital, 1973 was the year Fischer Black and Myron
Scholes published their famous article outlining a formula for the pricing of derivatives products,
a mathematical and theoretical development that was to fundamentally transform the financial
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realm, and indeed the whole global economy(Bryan and Rafferty 2006). In brief, the BlackScholes formula, along with advances in computing and network technology, took finance away
from physical trading floors and conventional investment and into a vast world of algorithmic
speculative gambles, dominated by a handful of technologically-augmented corporations,
investment banks, and hedge funds (MacKenzie 2006; Pasquale 2015). The Black-Scholes
formula was thus a central part of the acceleration of transnational financial flows and increasing
mobility of dematerialized capital, leading to the growth of global supply-chains, brands,
corporations, and a suite of other forces associated with “globalization” (Li Puma and Lee 2004).
Martin (2015b) suggests that financialization emerged as a means by which capitalism
adapted to respond to decolonization movements that by 1973 had largely succeeded in
destabilizing the world system. This adaptation includes the replacement of direct colonialism,
partly in response to anti-colonial struggles, by neocolonial politics of indirect debt domination,
sabotaged “development,” and covert “counterinsurgency.” An amorphous financial apparatus,
headquartered in former colonial capitals, along with transnational institutions like the
International Monetary Fund and World Bank, replaced costly imperialist methods – offering
(the illusion of) self-rule while enriching former colonizers and maintaining colonial relations of
dependency. For Martin, financialization also offered a way to respond to the “decolonial”
demands of youth and marginalized people within those colonizing countries including those
articulated by racial justice, feminism, student, queer, and counterculture movements, a means
by which capitalism transformed to encompass, divide, and coopt these struggles by offering a
more flexible, even personalized economic system, tolerant of various modalities of
reproduction. Indeed, where real wages (adjusted for inflation) have fallen steadily since the
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early 1970s, personal debt has fueled the expansion of consumerism and the production of new
financialized subjectivities (Lazzarato 2012).
This shift was enabled by and helped drive a transformation at the level of institutional
reproduction towards the policies and ideologies associated with neoliberalism. 1973 provided a
perfect opportunity for free-market advocates to test long-proposed theories on a controlled
population when the US sponsored a military coup in Chile that installed the pro-market dictator
Augusto Pinochet to power. Pinochet’s US advisors “strongly suggested” he employ the students
of University of Chicago free-market guru Milton Friedman. The resulting wave of
deregulations, privatizations, and trade “liberalizations” offered the prototype of neoliberalism,
which would become globally hegemonic over the next three decades (Harvey 2005; Klein
2007). In addition to this market-oriented policy package, neoliberalism also represented a
restructuring of the values, measurements, and protocols of public and private institutions
towards the ideals of market-driven efficiency, instrumentalism, outsourcing and streamlining
and institutional risk management (see Springer, Birch and MacLeavy 2016). More generally,
neoliberalism has overseen the elevation of individual ambition, competition and self-promotion
to cardinal virtues and compulsory survival strategies (Giroux 2008; Hall, Massey and Rustin
2013).
Neoliberal financialization has also overseen shifts in the organization of work, reflected
in new scholarly approaches to “cognitive capitalism” (de Angelis and Harvie 2009; Vercellone
2007) or capitalism’s “new spirit” (Boltanski and Chiapello 2005). These shifts are also often
dated to 1973 as the apex of a global cycle of struggles among workers, to which capitalism
responded by adopting a more flexiblized, individualized, and diversified orientation (Hardt and
Negri 2000; Katsiaficas 2006). In tandem with the global North's deindustrialization and new
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communication and production technologies, the notion and reality of the “masses” as the
foundation of the working class gave way to an archipelago of sites of labor and consumption
that are increasingly “precarious”: short-term, part-time, contract-based (Berardi 2009).
Reaching its apotheosis in today’s platform-mediated “gig economy,” the new model worker is
not the blue-collar “lifer” but, ironically enough, the artist whose allergy to long-term fixed
relationships allow them to design their own career based on talent and passion (Harvie 2013;
McRobbie 2015).
The shift towards this new form of capitalism has equally demanded shifts on the level of
social reproduction, subjectivity, and everyday life. Increases in consumerism are accompanied
by the decay of social institutions, collective forms of insurance (such as those provided by
community cohesion and the welfare state), and compulsory labor mobility (Federici 2012). As
more and more tasks related to the reproduction of social life are privatized and made into
commodities, the service sector becomes a generalizable model: even “productive” labor is seen
as a “service” to be rented (Hansen 2015; Katsarova 2015). These transformations have required
the cultivation of a new wardrobe of subjectivities that encourage each of us to address ourselves
as competitive entrepreneurs who see all aspects of our lives, from friendships to hobbies to
physical attractiveness to educational attainment, as a portfolio of assets to be leveraged for
future payback (Haiven 2014a; Holmes 2002; Martin 2002).
Even in the wake of the global financial crisis of 2008, these transformations have
continued to accelerate. They represent not only shifts in the logics of the three spheres of
reproduction under capitalism, but also the collapsing of those spheres into one another. Whereas
in the later 1960s and early 1970s it may have seemed possible for artists to intervene in one or
another of these arenas, in recent years it has become hard to imagine, for instance, a social
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institution that is not both structured by the global circulation of capital and transformative of
social reproduction and subjectivity. Likewise, any such institution would also be dependent to
some extent on the financialization of social reproduction and subjectivity and in turn be part of
the reproduction of the global circulation of capital. Hardt and Negri (2000) adapt a classical
Marxist term to describe this moment as the “real subsumption” (and opposed to the formal
subsumption) of society to capitalism, wherein the system shifts away from the generation of
surplus value and towards “biopolitical production,” the production of life itself. In short,
capitalism under neoliberal financialization is not satisfied to ensure the reproduction of capital’s
circulation by subordinating social institutions and social reproduction to this end while
providing them relative autonomy. Rather, today’s capitalism blends and integrates all three
spheres of reproduction in complex and shifting new ways. How artists respond to this situation
is the topic of the final section of this chapter.
In what follows, I address another three artists in reverse order, beginning with artists
focused on the sphere of social reproduction, then on the reproduction of institutions, and finally
on circulation; as will become clear, part of my argument is that such distinctions have become
less durable.
geheimagentur, Schwarzbank (2012)
In 2012, the German art and theatre ensemble geheimagentur (“secret agency”) placed a
modified white shipping container in the center of the insolvent former coal-mining city of
Oberhausen (Broll 2012; geheimagentur 2012; Jalsovec 2012). Stripped by global financial flows
of its fossil-fuel livelihood, the city experienced a significant economic and social crisis.
geheimagentur’s shipping container was a grim monument to the forces of globalization had
denuded Oberhausen of its prosperity. But it also contained the Schwartzbank (“Black Bank,” a
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pun on the identification of dubious financial institutions in the 2008 financial crisis) distributing
the Kohl (or “Coal”) a new unit of local currency. Citizens could earn Kohl by performing an
hour of service for the community: for instance, taking care of children, cleaning the streets, or
running errands for the elderly. geheimagentur negotiated with local businesses, social services,
and other commercial and public institutions to accept Kohl at parity with Euros. This temporary
parallel currency was aimed less at replacing fiat legal tender and more at opening a critical
interval in an urban space otherwise seemingly destined to economic obsolescence.
The Schwartzbank’s ambition was to reveal the play of other, non-commercial values at
work within the terrain of urban social reproduction that, despite going unsung and unrewarded,
are vital to the reproduction of cities and communities. By creating a functioning parallel
currency, geheimagentur sought to revalidate forms of labor that are the bedrock of the
reproduction of the capitalist order but that can usually find no value within it, especially in
economically depressed zones.
Importantly, geheimagentur imported to the “first world” a suit of techniques from the
“third,” basing their currency on that of the Banco Palmas, a community bank established by
social movements in Fortaleza, Brazil to prevent capital from fleeing precarious communities.
Banco Palmas has been cited in international reports as a praiseworthy social enterprise and
microcredit institution for its success at managing the accounts of local lenders and borrowers
and providing capital and liquidity to grassroots businesses (Jayo, Pozzebon, and Diniz 2009).
Despite the very real risks of such initiatives being vectors of grassroots neoliberal restructuring
and the exploitation of the micro-financed (see Bateman 2010), Banco Palmas’ particular
successes and challenges are secondary to their importance for Schwartzbank. Staging an
opportunity for the notoriously fiscally prudent Germans to learn “financial literacy” and
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financial acumen from the global South reversed a colonial narrative that elevated the German
banking sector (notably Deutschebank) to global preeminence (Varoufakis 2016). Meanwhile,
the lessons of Banco Palmas offered useful correctives to all-too-common narratives of economic
rationality. Banco Palmas, for instance, expects and celebrates that customers will be try to cheat
their systems and reflexively designs its currencies to facilitate their diverse financial behaviors,
including gifts, barter, and cooperating in the common interest (see
http://www.schwarzbank.org/).
Here, geheimagentur picks up on questions of devalued and secret labor opened up by
Lozano’s work, not only taking seriously the value of reproductive labor by opening it up to
remuneration, but crafting a public ritual for recognizing and rewarding its value. Further, the art
collective draws upon and subverts the present-day enthusiasm for art as a vehicle for urban
economic salvation. In the mid-2000s, following the rise of Richard Florida’s (2004, 2005)
bestsellers on the value of the so-called “creative class,” and thanks to a variety of urban
planning and state policy orientations that saw “culture” as the key to economic growth in postindustrial landscapes, the arts were increasingly invoked to as the catalyst for urban renewal
(Harvie 2013; Rosler 2013; Yudice 2003). Since the 1980s, accusations have circulated that
artists seeking low rents and studio space represented the “shock troops of gentrification,”
displacing the inhabitants of less affluent and racialized neighborhoods before themselves being
displaced by wealthier professionals. By the 2000s, this pattern had been incorporated into
official government policy (Cameron and Coafee 2005; Lees, Slater, and Wiley 2008). While
public arts budgets were slashed, it was hard to find a city in the global North (or, increasingly,
in the global South) that was not investing in an “arts hub” or rebranding itself as “the next”
hotspot on the global cultural frontier. geheimagentur’s project reflected on this milieu, where a
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city like Oberhausen, having abandoned all hope of economic recovery using any conventional
tools of economic development, would be keen to allow artists to try their hand.
Yet rather than promise that Schwartzbank would attract the creative class or national or
foreign investment, geheimagentur’s bank focused on celebrating and sharing the inherent wealth
and abundance of the community itself. In this sense, as in Beuys’ hijacking of legal tender, the
Kohl acted as a vehicle for economic exchange as well as social meaning-making, opening onto
the shared creative potential of existing economic actors.
At stake here are the politics of a moment Fraser (2016) characterizes as the crisis of
care, wherein the reproduction of capitalism begins to endanger the reproduction of social life.
Fraser generally supports the restoration of the welfare state as a means to provide equitable and
reliable forms of (fairly remunerated) care labor. But there is another approach (e.g., Federici
2014) that, while not entirely abandoning anti-neoliberal struggles, understands reproductive
labor as a terrain of activism and advocates for grassroots practices of social reproduction as a
platform for radical social change. geheimagentur’s field of action is the crisis of care as it
affects the forgotten zones of global capitalism. But to what extent can art stimulate new forms
of care and reproductive labor when the money runs out? Should this be art’s task?
Zach Gough, Bourdieu: A Social Currency (2014)
Turning to the sphere of the reproduction of institutions, we once again examine a work
at the cusp of radical participatory art and institutional critique, but this time one that intervenes
at conferences and events dedicated to this very topic. On three occasions in 2014, Zach Gough,
a Canadian social practice artist, orchestrated a demonstrative game played with the Bourdieux,
an invented currency, at key gatherings of fellow social practice artists and researchers in New
York, Melbourne, and Portland, Oregon. The rules were as follows:
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At the beginning, the currency is distributed in correlation with the hierarchies
present at the conference: keynotes get the most, presenters and panelists get lots,
artists get some, attendees get just a bit, and the general public get none at all.
People are invited to exchange the currency for information and items of social
value in whatever way they see fit. Email addresses, ideas, inspiration, influence,
contact information, inside jokes, URL links, website coordinates, PDFs are
bought, sold and traded with Bourdieux.
Participants are encouraged to discuss how they generate power in an art context,
who accumulates social capital in socially engaged art works. At the end of the
conference, participants use their accumulated wealth of Bourdieux to bid in an
auction for prizes rich in social capital.
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Like Lozano, Gough uses money (or its proxy) to create an artificial ritual that reveals the
underlying rituals of value, commodification, and neoliberal subject formation germane to a
financialized moment. Gough continues:
The project aims to reveal the economy of social and cultural capital already
present within the discipline and at conferences for socially engaged art. It also
shows how our economies of power mimic or operate under similar rules to our
financial economy. Further, the project presents currency as an abstracted
representation of our social relationships and explores the danger of quantifying
value.
Gough’s intervention resonates with recent commentary from institutional-critique
pioneer Andrea Fraser (2012) that calls even critical and radical art to task for its participation in
financialization. In the face of the Occupy movement and commitments of many critical artists to
the struggle against the proverbial 1%, Fraser explores how the art world from which such work
emerges and within which it circulates is saturated by the money and influence of the financial
class. It is not simply that financiers (or those enriched by financial wealth) represent the lion’s
share of art collectors and continue to monopolize the boards of museums, galleries, and funding
bodies (Taylor 2011). It is that this funding, and the entanglements of the art world with high
finance, exert a gravitational pull on artistic institutions and initiatives, including those that
avowedly (often hyperbolically) seek to reject and escape this influence.
The history of twentieth century art shows us that yesterday’s “outsiders” are today’s artworld innovators and the creators of tomorrow’s most desirable art-commodities (Rosler 1997).
The commodification and marketization of feminist, performance, and conceptual art stands as
evidence that the structure of the art market is a reflection of broader financial markets, which
are constantly seeking out the new, the fringes, the frontier, the bleeding edge as an opportunity
for future profitability (Malik and Phillips 2012). As with finance in the age of the derivative
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(Martin 2015), in which financial techniques can be used to cultivate value based on conjectural
gambles on not-immediately-commodifiable processes (the weather, for instance), the art market
need not directly commodify artwork to derive value from it. Decommodified provocative
performances and interventions are regularly commissioned by major galleries and dealers at
transnational art fairs to generate buzz and attract attention to the art for sale, or simply to add to
the prestige of the gallery. Performative and conceptual works can be cultivated in ways that
increase the symbolic capital of funders, curators, museum directors, and even activists, who can
then be lauded for their daring and foresight (Horowitz 2011; Thompson 2010).
To note this neoliberal turn, where even the non-commodified, dematerialized artwork
and art workers are conscripted, is not, however, to suggest that it dissolves all radical art’s other
values. Like Beuys, Gough’s gesture is not merely cynical and derisive; it is compassionate and
yearns for transformation. It does not call for the abolition of the genre but rather the refinement
of strategies. As we have seen, part of art’s enduring appeal to capital and capitalists stems from
its promise to escape or transcend the forms of capitalism that are the conditions of its
emergence. Yet the reality is that art and money have always been entangled, and these
entanglements are becoming trickier and more contradictory as financialization transforms the
nature of money and the nature of art. While Gough’s game/ritual may feel uncomfortable and
profane, it calls its participants to refine their strategic imagination and focus their political lens.
As Bishop (2012) has noted, the turn towards “participation” and interactivity in
contemporary art since the 1970s (already exhibited in the work of Beuys, Haacke, and Lozano)
is equally the product of artistic radicalism seeking to break down the hierarchies between artist
and audience and a neoliberal tendency towards the consumption of experience and demands that
art be “accessible” for the consumption of broad publics. For Bishop, “participation” is too often
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uncritically accepted as a political virtue in itself, in ways that render opaque the imperatives of
cognitive capitalism, which demand each of us become “active” participants in our own selfmanagement.
For “participatory” art to be politically expedient, it needs to be more cunning in the way
it engages with a financialized moment in which money is no longer an alien power threatening
art’s virtuous chastity but rather an integral element of art’s (even radical art’s) conditions of
emergence. Gough’s piece, then, offers not a cynical trap but a collective exercise in the radical
imagination (see Holmes 2012). It resonates with the broader corpus of his work, such as the
Precarious Workers of the World Songbook, the Commoner’s Almanac or the Radical
Imagination Gymnasium, each of which encourage artists to understand themselves also as
workers and catalysts for non- or anti-capitalist transformation: yes, subjects of capital, but also
bearing particular skills and potentials that might reveal radical opportunities to exit capitalist
relations or generate resistance at their weakest points.
At stake in Gough’s intervention is the curious proposition that, within financialized
social institutions, the artist figures not as the unruly malcontent, but as the model worker. As
McRobbie (2001) noted over a decade ago, the artist has come to signify the flexibilized,
adaptable, passion-driven, and enthusiastically precarious subject of a neoliberal age where longterm, secure employment is replaced with a relentless “gig economy,” even for manual and
service-sector workers. The new romance of the artist as idealized worker goes beyond the
exaltation of their creative freedom and devil-may-care lifestyle; it also encompasses their
virtuosic quasi-anthropological vantage on the workplace, its codes of value, hierarchies, and
customs – all the better to navigate an individualized path of self-maximization. Gough’s work
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implicitly questions how such aptitudes might be used otherwise, towards the sabotage or
subversion of such institutions in the name of other values.
Núria Güell and Levi Orta, various interventions (2015-present)
How might the tools of financial circulation be appropriated to undermine or challenge
that system? In 2015, the Catalan artist NúriaGüell, working with the Cuban artist Levi Orta,
received a grant from a public arts institution, which they used to start a tax haven in Panama.
The action took place amidst a tax avoidance scandal involving prominent political figures and
members of the Spanish royal family, many of whom had supported the hyper-neoliberal regime
of austerity forced upon Spain after the 2008 financial and subsequent Eurozone crisis. That
regime led to unprecedented rates of home foreclosures, cuts to public services, skyrocketing
rates of unemployment, funneling wealth to corporations, banks, and foreign investors, and
draconian measures to silence and quash dissent. Güell and Orta approached a Madrid private
business school whose neoliberal orientation was well known and whose faculty had been key
advisors to the indicated politicians, requesting a consultation regarding how to secure the legal
services to establish a tax haven allowing them to embezzle public arts funding through a secret
account. Güell and Orta then offered use of the account to a Catalonian network of cooperatives
and anti-capitalist enterprises. They sought to exploit the legal impunity and anonymity of
offshore accounts as a means of rejecting the policies of the Spanish state.
In a second, related project Güell and Orta created a Troika Fiscal Disobedience
Consultancy (disobedience.eu) to provide a platform for likewise studying and appropriating the
techniques of transnational capital. The TFDC, for example, uses shell companies to offer fake
invoices for services rendered to social movement-aligned organizations and individuals,
allowing them to avoid paying taxes to the state. In a third, Güell and Orta sent their curators at
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two contemporary art institutions to secure €9,500 in corporate sponsorships to create a “SelfSustaining Creative Economy Award.” While Güell and Orta helped define the criteria, they did
not sit on the jury, instead using their insider information to help their preferred candidate, the
Freedom.Coop platform that facilitates cooperation between anti-capitalist initiatives, apply and
win the prize – thus using art as a vehicle to transfer corporate wealth to activist hands. While
Güell and Orta proudly announce such projects under their own names as art, they are careful to
detach themselves from their administration so as to avoid criminal liability.
Güell and Orta’s work is part of a wider set of techniques at the cusp of art and activism
that attempt to appropriate and expropriate a globally integrated financial system in the name of
other, non- or anti-capitalist values. Such art exhibits a post-cynical pragmatism in a moment
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when the reproduction of the circulation of capital has been elevated globally, rendering it
increasingly immune to democratic agency (often in ways that have corrupted allegedly
democratic institutions). While this radical art may participate in traditions of “drawing
attention,” “revealing” and “problematizing” the excesses of power, it does not stake its success
on a moment of revelation, as if upon seeing the art, we will have the scales fall from our eyes,
becoming radicalized to participate in some revolutionary movement. Artists like Güell and Orta
are skeptical of the potential of the nation-state and its legacy institutions to re-regulate global
capitalism, in part because they see the agencies of global capitalism too well-entrenched to be
curtailed by popular will, in part because – as students of 1973 – they harbor no nostalgia for the
Keynesian moment.
Rather, Güell and Orta and many other young artists are interested in using the strange
semi-autonomy and institutional liquidity of “art” to kick open holes in the capillaries of global
capital and redirect energies and funds to living anti-capitalist alternatives. A similar effort on
the other side of the Atlantic is the Occupy Wall Street offshoot group Strike Debt’s Rolling
Jubilee platform, which crowdfunded money to play the secondary, discounted debt markets in
order to buy and then forgive random people’s medical debt (McKee 2016). It is these
alternatives, such as the aforementioned network of cooperatives and anti-capitalist enterprises,
that such artists see as true interventions in the imagination, not simply because they represent
models for a different mode of human cooperation but because they actually provide food,
housing, information, ideas, and care within and against the crumbling system. Güell and Orta
recognize that, under austerity, the reproduction of capitalist circulation has been sustained and
accelerated at the expense of the social reproduction of citizens, with wealth and social resources
claimed by transnational corporations, financial institutions, and elites while public services are
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cut, tax burdens are regressively redistributed, and civil rights are curtailed. They aim to reverse
those flows, redirecting resources from the circulation of financial capital into grassroots efforts
to reclaim the means of social reproduction. In this sense, Güell and Orta’s work resonates less
with contemporary art and more with social movements the world over who are seeking to
appropriate and subvert global capitalism by creating new economic networks, methods and
parallel currencies.
It is significant that art becomes the vehicle for this work. Part of Güell and Orta’s
success, in terms of gaining resources for these actions and avoiding legal ramifications, stems
from the residual prestige and ideological immunity afforded to art in a moment of austerity.
Against all odds, “art” retains a cocoon—or, better, a cuckoo—of possibility. Perhaps this has to
do with the enthusiasm for contemporary art by today’s social elites, which in turn demands
resources and indulgences offering radical artists some space to move and wealth to appropriate.
Perhaps it has to do with the melancholia of the neoliberal nation-state, which, denied tools once
used to assert sovereignty over fiscal matters, now turns to support “culture” as one of its only
domains of. Whatever the case, Güell and Orta are part of a generation of artist-activists who see
art, the art world, and the art market as opportunities for expropriation and experimentation with
alternatives. There is little hope here in the liberating or enlightening potential of art itself, but
rather a post-cynical, utilitarian approach to art as a platform for other projects of grassroots
creativity, militant imagination, and anti-capitalist economic cooperation.
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