What follows is a summary paraphrase of Kathryn Tanner’s second Gifford lecture (see also the night’s live twitter feed at #GiffordsEd). It is necessarily brief, lacking many of the vivid examples Tanner uses, but I hope it will provide a refresher for those who attended the lecture as well as a preview (of the video that is, as of Thursday morning, available here) for those who could not be with us. Whichever group you find yourself in, I invite your comments and questions in the field below.
Kathryn Tanner outlines the way in which finance-dominated capitalism structures our sense of time. She details how the past comes to constrict both present and future, as exemplified in the psychological and social effects of debt. Whether in the form of student loans or mortgages, a thirty-year commitment to debt-service does not factor in future uncertainties in the job market, creating a pressured combination of unyielding demand and instability.
Tanner then shows the disturbing effects of a ‘core-periphery’ organisation of labour. Here, the corporation’s more profitable ‘core’ (the design & marketing team, deal-makers) is retained as company employees while the so-called inessential services (data entry, janitorial and maintenance) are outsourced or made the responsibility of subcontractors. Under the target of maximising shareholder value, ‘profits are forced ever lower as one proceeds down the nested chain of suppliers.’ Continue reading