(Image: The Maintenance of Inequity, 2019/2020. Kenneth Pietrobono/Uncertainty Labs)[Image of an empty rectangle on white background with black text left-aligned; the captioned with text reading The Maintenance of Inequity with a yellow border in a … — (Image: *The Maintenance of Inequity*, 2019/2020. Kenneth Pietrobono/Uncertainty Labs)
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REDISTRIBUTION

DISCUSSION 5

Speculation as redistribution? When we financialize, when we borrow from the future to redistribute, where and who do we take from? Do strategies that depend on endless growth entrench a dysfunctional system further? Who really benefits?

"It seems we're going to keep borrowing from the future as long as we can."

Part 1:

Raphaële Chappe, Assistant Professor of Economics at Drew University, and an economic advisor for The Pre-distribution Initiative, discusses financialization, bonds designed for social good, and the uneven risks of infinite debt and infinite growth.

Discussion 5, Part 1 of "Redistribution" hosted by EFA Project Space. Speculation as redistribution? When we financialize, when we borrow from the future to redistribute, where and who do we take from? Do strategies that depend on endless growth entrench a dysfunctional system further? Who really benefits? "It seems we're going to keep borrowing from the future as long as we can." Part 1: Raphaële Chappe, Assistant Professor of Economics at Drew University, and an economic advisor for The Predistribution Initiative, discusses financialization, bonds designed for social good, and the uneven risks of infinite debt and infinite growth. For related materials and more information on the series visit: www.projectspace-efanyc.org/redistribution

“Redistribution needs agreement.”

Part 2:

Joan Kee, Professor of Art History at the University of Michigan and legal scholar, discusses the limits of the law (and art) when we cannot negotiate or agree on our visions of the future.

Discussion 5, Part 2 of "Redistribution" hosted by EFA Project Space. Speculation as redistribution? When we financialize, when we borrow from the future to redistribute, where and who do we take from? Do strategies that depend on endless growth entrench a dysfunctional system further? Who really benefits? “Redistribution needs agreement, and that’s something that’s just not settled.” Part 2: Joan Kee, Professor of Art History at the University of Michigan and legal scholar, discusses the limits of the law (and art) when we cannot negotiate or agree on our visions of the future. For related materials and more information on the series visit: www.projectspace-efanyc.org/redistribution

REFERENCES, PART 1:

The Predistribution Initiative

Paul Burton, “So it begins — Moody's downgrades New York City, State,” The Bond Buyer, October 1, 2020

Raphaële Chappe, Mark Blyth, Sebastian Mallaby, "Hocus-Pocus? Debating the Age of Magic Money," Foreign Affairs, November/December 2020

Adam Curtis, HyperNormalisation, 2016

John Dizard, “Remember 1929 when looking for the cause of the coming financial crisis,” Financial Times, September 25, 2020

Paul Flahive, “No End in Sight for Pandemic Food Lines,” Texas Public Radio, September 25, 2020

“Ford to City: Drop Dead in 1975,” New York Daily News, October 29, 2015

“Ford Foundation Announces Sale and Pricing of Landmark $1 Billion Social Bonds,” June 23, 2020

Colby Smith and Brooke Fox, “Fraction of Fed lending facilities have been tapped so far,” Financial Times, May 27, 2020

Gillian B. White, “David Bowie: Musical Innovator, Financial Innovator?,” The Atlantic, January 11, 2016

REFERENCES, PART 2:

“Redistribution,” google NGram

Guidestar.org

Cheryl I. Harris, Whiteness as Property, Harvard Law Review, 1993

Joan Kee, Models of Integrity: Art and Law in Post-Sixties America, University of California Press, 2019. Excerpt “Nobody Owns Me” at e-flux.com

Joan Kee, “Felix Gonzalez-Torres on Contracts,” Cornell Journal of Law and Public Policy, 2017

Robert Nozick, “Taxation is Morally Equivalent to Forced Labor,” from Anarchy, State, and Utopia, 1974

Patrick Radden Keefe, “The Sackler Family’s Plan to Keep its Millions,” The New Yorker, October 2, 2020

Zachary Small, “Museum Workers Share Their Salaries and Urge Industry-Wide Reform,” Hyperallergic.com, June 3, 2019

Colleen Walsh, “Christo and Jeanne-Claude discuss art of the deal: Couple honored with 2008 Great Negotiator Award,” The Harvard Gazette, 2008

GUEST BIOS:

Raphaële Chappe is an Assistant Professor of Economics at Drew University. She is also an economic advisor for The Predistribution Initiative, a multi-stakeholder project to develop new investment structures that share more economics with workers and communities, with a focus on private equity. In 2019, she received a Research Fellowship from the Open Society Foundations. In a prior life she has also worked as a tax attorney on Wall Street (in her last position at Goldman Sachs). Raphaele received her doctorate in economics from The New School for Social Research and an LL.M. from New York University.

Joan Kee is Professor in the Department of the History of Art at the University of Michigan. Her research focuses on modern and contemporary art from multiregional and cross-disciplinary perspectives. She is the author of Contemporary Korean Art: Tansaekhwa and the Urgency of Method (2013) and Models of Integrity: Art and Law in Post-Sixties America (2019), as well as co-editor of the special issue of Art History, “To Scale.” Kee is presently researching a book about the role and relevance of emojis. She is a contributing editor at Artforum, as well on the advisory boards of Art History, Oxford Art Journal and Art Margins.