This was hard and this is what I said when asked at the beginning by Dr Chris Vardy. when he asked the whole class.
I thought the previous sessions and materials were difficult but this was super hard. Learning is. It is never just fun. Reading all these texts about finance and economy or mainly finance from four different theorists (Ferguson, Jameson, Arrighi, La Berge) was a real challenge. Hard to follow and digest. I am still trying to. Making notes on the sheets of paper helped. I definitely wasn’t able to follow them by reading on screen. The discussions in class were useful and made some of the concepts clearer. I am pleased I had read everything in advance. The discussions in class really showed how we can co-construct knowledge through questioning, active listening and sharing ideas to develop and move out our collective understanding forward and into new directions. The text analysis of specific passages was a valuable strategy in this process. Much better than any Powerpoint could ever do… as we were all engaged and actually immersed in the texts. Thinking as an academic developer, I am wondering if some of the questions could be discussed in smaller groups? What difference would this approach make?
What did stick with me is that it appears that the economy has been reduced to finance (is this because capitalism is the only economic model for some time now and a reality we seem to be unable to escape?). It doesn’t seem to be a good thing… in my little world as we seem to have stopped questioning the fundamentals of an economy. And the current status quo helps the rich get richer and pushes the poor to and off the edge. Inequality is amplified and opportunities too, but not for all. Just for the privileged. And according Ferguson (2009) it is the lack of education we should blame that basically a large proportion of the population is financially illiterate. But this also feeds the current system and is convenient for the few who are as they directly benefit from this reality. What else do I remember? We are moving rapidly away from making money through producing something. Money is now made through investing in stocks for example, turned into capital and converted back into money. This works again for those who know how to play these financial games. Games was not mentioned in any of the texts but it just popped into my head as it is tempting for the wider masses to get involved in the stock market for example but if you don’t know the rules of the game,and if you are not a confident and competent player, you will soon loose everything in your quest for the “good life” you all you will experience cruel optimism (Berlant). what is the real value of money? Is it power? are there other ways to gain power? And why are we after power anyway? Does power, or perceived power, give us the opportunity to make change happen or stop it?
One of the authors put a case forward that actually finance is not evil, it is actually what drives innovation, I think it was Ferguson (2009). It is interesting, but not surprising that it is the privileged who say this. I need to read more to better understand the world of finance and economy. The papers I read provided a useful trigger and food-for-thought into an area, I am not sure I would have explored otherwise.
I am glad I didn’t skip it as I do feel that I learned a little something that will help me in my critical reading and creative writing. I am sure it will. It definitely raised my awareness and showed me that I can confront my fears and actually surprise myself relate it to my own experiences in my own little micro cosmos.
I have continued thinking about the first assignment and thought I was getting somewhere, when I was told that looking at thee theories is too much. Is my thinking far too complicated? I can see how capitalist realism, cruel optimism and the quest for happiness somehow fit together and are present in contemporary picture books. I got some books out of the library about happiness and inclusion (Ahmed) and suspect that this is the direction of travel for this first assignment as I do see that a positive future is often presented in picture books. I have been re-reading some of them and bought a few more and will over this weekend select which ones I will use. Then writing begins.
Essay idea: How is the quest for happiness (Ahmed) experienced in contemporary picture books.
Ferguson, N. (2009) The Ascent of Money: A financial history of the World, London: Penguin