CONTENTS

 
   about
   MICHAEL BETANCOURT NEWS
   movies: AESTHETICS
   movies: NEWS & REVIEWS
   movies: SHOWS & SCREENINGS
   random art notes
   random how-tos
   research: AVANT-GARDE MOVIES
   research: MOTION GRAPHICS
   research: VISUAL MUSIC
   theory: CRITICAL OBSERVATIONS
   theory: DIGITAL CAPITALISM
   theory: GLITCH & POSTDIGITAL
   theory: working notes

 

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SEARCH ARCHIVES

archives begin in 1996

  

Automation, HFT and the "Luddite Fallacy"

story © Michael Betancourt | published October 2, 2011 | permalink | TwitThis Digg Facebook StumbleUpon  |  Print



theory: DIGITAL CAPITALISM

The nineteenth century protestant work ethic is the conceptual starting point for the development of a new ideology of automation that merges the nineteenth century ideology of autonomous achievement with digital technology to eliminate human labor from production, apparently rendering human agency obsolete for the generation of value in the digital information economy.




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High Frequency Trading (HFT) and Agnotology

story © Michael Betancourt | published June 29, 2011 | permalink | TwitThis Digg Facebook StumbleUpon  |  Print



theory: DIGITAL CAPITALISM

HFT reveals one of the clearest examples of the semiotic procedures of digital capitalism in action. The Nanex analysis of the first "crash" suggests that agnotology can be applied in automated systems as well, simply by using the sequential nature of data processing (i.e. the linearity of computers) to create uncertainty.

The first "flash crash" in the markets happened on May 6, 2010. There have been a number of others since then. It seems reasonable to assume that this will become the norm; to be involved in any market that includes HFT and attempt to trade without the support of this extractive technology is clearly foolish (we all know what "they" say about fools and their money...)




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Cats, Mice and Digital Sampling

story © Michael Betancourt | published May 29, 2011 | permalink | TwitThis Digg Facebook StumbleUpon  |  Print



theory: DIGITAL CAPITALISM

I have a new essay published on Vague Terrain about the cat organ, the mouse organ, the Jingle Cats albums, and the development of sampling. It's an interesting piece of theory suggesting where the idea of semiotic reassembly may have come from and what that means....






 
Immaterial Justice?

story © Michael Betancourt | published April 4, 2011 | permalink | TwitThis Digg Facebook StumbleUpon  |  Print



theory: DIGITAL CAPITALISM

In William Greider's article for Nation he makes the immaterial bias of the contemporary capitalist system explicitly clear:




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The Rentier Illusion

story © Michael Betancourt | published March 28, 2011 | permalink | TwitThis Digg Facebook StumbleUpon  |  Print



theory: DIGITAL CAPITALISM

Rentier currencymoney that comes into existence not as a representation of past productive value, but by as a debt (loaned or borrowed)enjoys an illusory foundation precisely in that within capitalist economies the demand for escalating value masks the rentier paradox: that the debt posed by the rentier claim inherently always corresponds to a larger value than there are values for (re)payment.




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