(This interview by Geert Lovink was conducted for the 2019 Venice Bienale 
catalogue of the Romanian pavillion, in particular Canal Grande: The Capital 
Pool and the Associated Public of Dan Mihaltianu, curated by Cristian Nae. The 
work “functions at first sight as a wishing well. It establishes an autonomous 
art fund and invites the visitors to self-organize and to decide on the 
utilization of the capital raised during the exhibition via www.capitalpool.net 
<http://www.capitalpool.net/>, proposing an artistic formula for exercising 
direct democracy.”)

Art is not supposed to be poisoned by money. Making money is considered dirty 
and the beauty of owning heaps is perverted by the constant fear of losing it 
all. Multiply this strained relationship between money and art with digital 
technologies and you get a dazzling mix of speculation of flimsy concepts and 
unstable networks that everyone in other sectors would not even dare to touch. 
Not so in the world of ‘fintech’ where the sky is the limit. 

Do you dream of digital gold? Certainly, a lot of contemporary artists do. Over 
the past decades the number of artworks that explicitly deal with money and 
global finance has risen exponentially. The harder it gets for artists to sell 
their work, the more desperate they get, and the more inclined they will be to 
take the (failing) money as the topic of their work.

The Canadian theorist Max Haiven has written widely about the topic. Like Dan 
Mihaltianu he’s is affiliated with the MoneyLab network 
(www.networkcultures.org/moneylab <http://networkcultures.org/moneylab/>) that 
is coordinated by our Amsterdam-based Institute of Network Cultures. Already at 
the time of the publication of his 2014 book Cultures of Financialization 
Haiven was exploring the work of artists who dealt with money, a topic he 
continues in his Art after Money, Money after Art; Creative Strategies Against 
Financialization (Pluto Press, London, 2018). The book is packed with examples 
and illustrations, from classics such as Beuys, Haacke, Lazano and Baldessari 
to MoneyLab contemporaries such as Fran Illich, Paolo Cirio and Femke 
Herregraven. 

It is rare to find such a refined balance between case studies of artworks and 
the theorizing of the politics and aesthetics of finance. What is this elective 
affinity between money and art? To be frank, Haiven does not believe art needs 
to protected against money’s undue influence. Neither does he believe that 
money needs to be reformed to be more functional. In this interview Max Haiven 
explains why money and art, as they exist under capitalism, must be abolished.

Dan Mihaltianu’s 2019 Venice Bienale work can be seen as an ideal example of 
the issue discussed below. The massive and growing inequality in the world begs 
for a critical imagination that develops a visual language to address the 
‘axiom of value’. The more abstract, virtual and fluid money gets, the more 
necessary it gets to develop our own sense of mediation. Following Jameson, 
Haiven states that “capitalist totality is inherently unpresentable, yet it 
demands representation.” How would you imagine the quadrillions of dollars that 
are being pumped around the globe? Many have shown their discontent with the 
‘crisis of representation’. Why is this topic so hard to grasp? Encryption only 
makes matter worse. While necessary for security reasons, this technology also 
mystifies ideological agendas. 

Haiven not only describes crypto through digital keys that produce endless rows 
of zeros and ones but also features ‘palaces of encrypted culture’, so-called 
art crypts where artworks are safely stored (such as Freeport in Singapore). 
This connects to a wider trend where new forms of digital money are no longer 
seen as a medium of exchange (read: to administer debt) but exclusively operate 
as a unique code, a string a zeros and ones that moves around the network with 
the sole purpose to store value. Time to turn to our email exchange.



GL: How do you look at Karl Marx’s classic scheme of commodity, exchange value 
and profit? Many have tried to update it but it still remains a powerful 
analysis. This is perhaps also why Dan still refers to it. The transformation 
process from commodity to value to money is a mysterious one. A whole ‘value’ 
school of contemporary Marxism has been working on these issues. 

MH: In digitalized capitalism, Marx’s conflict labour theory of value, which 
focuses on exploitation, is more important than ever. I think it still gives us 
the tools to wage a struggle for the dignity of our lives and our creative 
powers against capitalism, and that struggle is more important than it has ever 
been, given that capitalism is ruining the earth’s ecosystems.

It’s crucial to remember that all value in society ultimately comes from 
labour, though we must expand our definition of “labour” beyond the fairly 
conservative 19th century Marxist definition of formal waged exploitation to 
include unwaged labour, and also all those made into “surplus populations” by 
capitalism. I analyse capitalism as a system that hijacks, co-opts, harnesses 
and organizes the way humans and non-humans cooperate to reproduce the world. 
Ultimately, capitalism is devastatingly effective at manipulating the crucial 
point where cooperation and imagination meet, and I think this is the heart of 
what we call “value.” I recognize here that my notion of value in this sense is 
a bit unique, but I actually think it keeps faith with Marx’s spirit, which as 
Harry Cleaver points out seeks to create conceptual weapons for class struggle. 
It is a theory grounded in a kind of optimism about the potential of the 
imagination and the creative force of cooperation.

For me, the question of the exploitation and circulation of economic value 
under capitalism is related to who and what we imagine is valuable and how we 
imagine what we, as a cooperative species, might be capable of. The 
transformation of human cooperative potential into commodities, of commodities 
into assets denominated in money, and of money itself into capital, is also a 
process through which we collectively imagine our world and everything we 
create, including ourselves as subjects and producers of commodities. 

For instance, the computer I type this on is the cooperative product of tens of 
thousands of individual moments of human labour, and also of millions of 
earthly processes. But, like all commodities, this dazzling array of 
coordinated energies that produced a truly phenomenal tool is reduced to a very 
austere and banal fiscal calculus and we imagine the object itself is magical; 
we give it power, rather than recognizing it is our own power now in a new 
form. 

This is a nefarious alchemy. The most poetic passages of Marx are dedicated to 
how profoundly intimate this process is. The young and the old Marx alike keep 
returning to the fundamental violence by which our boundless cooperative 
potential to remake the world together is constrained and harnessed by money. 
The capitalist form of money has this absolutely singular way of distilling 
this potential into a pure liquidity of power. In our age of financialization, 
where capitalism has eliminated almost all inhibitions, money attains a dark 
utopian liquidity: our own collective liquid potential offered back to us in 
self-destructive, profit-oriented form.

This is what I take from Dan Mihaltianu’s fascination with these pools and 
bottles of toxic liquid. After all, alcohol murders its own producers: the 
yeast devours the sugar but the waste it produces poisons it. I see his 
installations as a dramatization of how this toxic and also intoxicating form 
of commodity and consumerism-driven capitalism leaks into every social 
relation. It is a grim poetry, very fitting for an age of climate crisis: the 
wealth we produce poisons us.
But, you know, I teach English literature at the university, which is 
ultimately the literary history of the British Empire and its various 
satellites. I always ask my students to consider modern history—maybe all 
his-tory—as the meta-story of slaves and servants who, for one reason or 
another, did not poison their masters. So I’m very interested in this question 
of latent or inactivated poisons…

GL: For Jean Baudrillard commodity, exchange value and symbolic value all got 
detached and became floating signifiers. The billions that float around in the 
networks have no external anchor anymore. This harsh and cynical analysis is 
still valid, in my humble opinion, however, today, we rarely see artists 
celebrating this virtual virtue of global capital. How come? Is this also 
because of the invisible, abstract nature of, let’s say, derivatives, hedge 
funds and quantitative easing?

MH: I am of two minds on this question. On the one hand, there is a fundamental 
truth to the idea that speculative financial products like synthetic 
derivatives are “fourth order simulacra” as Baudrillard named it: simulations 
without any original, the eternal play of signs, the endless hall of mirrors. 
Here I would again reference Mihaltianu’s work and the eerie charisma of these 
mysterious reflecting pools in, for instance, the lobbies of banks.

In my recent book I’ve borrowed Derrida’s theories of the play of metaphor to 
describe this because I feel this terminology stresses the creativity and 
imagination required to reproduce these illusions, and also moves us away from 
what I think is a bad tendency towards nostalgia for a “pre-financialized” form 
of capitalism. As ever, my desire is to focus on where the imagination is at 
work, and how it might be organized differently.

On the other hand, it may be true that billions of dollars float around the 
earth with no underlying value. But those billions still have the power to 
claim value, to mobilize labour in the world, to command the imagination. I 
often wonder about the utility of claiming this money is somehow more imaginary 
than, say, physical forms of money. After all, even the value of gold is, to a 
large extent, imaginary. I am suspicious of the idea that, if only we could 
remove the “bad” speculative money from capitalism and “return” to a more 
stable and “realistic” quantity of money, we’d be in a better place. Again, I 
always come back to the very Marxian idea that we should question how labour, 
human cooperation, is being organized. When has capitalism been free of 
“imaginary” money, and even if we eliminated that money, what would change? I 
don’t want to diminish the very real terrors unleashed by the global flows of 
speculative finance, but I think there is more here to discover. 

Artists have a hard time dealing with this reality for a few reasons. First, we 
have failed to educate a young generation of artists to think rigorously and 
creatively about “the economy.” Most of the time, artists dealing with economic 
issues do bad work because they reach for the appearance, not the substance. 
Many end up working with the physicality of money itself, or critiquing 
material economic conditions (precariousness, poverty, gentrification, 
individual greed), rather than the more abstract systems behind these 
appearances. We’re at a point in time when almost everyone on the political 
spectrum, including fascists, have a critique of these conditions – it’s more 
important than ever to have a firm analysis of why they exist. Many artists 
unwittingly contribute to some very problematic thinking with their flimsy 
approaches.

More theoretically, artists are in a strange way envious of financialized 
money’s power. After all, a derivative contract is ultimately a form of 
representation of the world that comes alive and affects and shapes the world. 
This is in some ways the very dream of art qua art: to use representational 
strategies to shape the world one is representing. What is the most stunning 
work of art next to a derivative? There is something about money’s ability to 
both represent and transform value that trumps art at its own game.

Ultimately, my question is: if we are indeed in the thrall of imaginary money, 
then let us also marvel at how powerful the imagination truly is, such that it 
can command the labour and passions of billions of us and literally transform 
our planet. To what other ends could that imagination be put, if we organized 
it, and ourselves, otherwise? For me, the best art strikes at this sublime 
question.

GL: Over the past three decades Saskia Sassen has explained the working of 
financial flows to us, time and again. She emphasizes that the ‘silly money’ 
does materialize in very particular places, notably New York and London, both 
considered centres of the art market. We know by now, thanks to her, that this 
is no coincidence. Does this also mean that for you, a critical approach 
towards art & money will have a subversive plus when it comes from the edges of 
the network? Do we see the interplay between art and money more clearly we are 
in the centre? What’s your experience in that respect?

Under financialization, the “art world” has been driven into an “event horizon” 
moment, a weird form of singularity. Like a black hole, the art market today is 
insatiably hungry, constantly drawing that which was once on the margin to the 
centre. Today we are seeing growing markets for forms of art that were once 
explicitly developed to evade, avoid or antagonize that market: net.art, 
feminist art, social practice art, outsider art… or at least the domesticated 
or derivative forms inspired by these tendencies. In this way, as Suhail Malik 
noted, the art market isn’t just a weird sideshow of capitalism, it is 
something that reveals the very logic of the system at large. 

I am not so optimistic that art that is performed on the geographic, political 
or aesthetic margins has a better chance to “beat” the market. The “silly 
money” has created a new, very insecure caste of hyper-wealthy speculators who 
in some ways need art for at least two reason: first as an “alternate asset 
class” to park their stolen money, second as a mechanism to define their 
spheres of social and cultural capital. As it has done throughout capitalist 
“modernity,” art collecting, speculation and discourse is crucial to the social 
reproduction of the capitalist class. 

Today, capitalists fancy themselves in terms we used to reserve for artists: 
creative, edgy, bold, iconoclastic, risk-taking, independent, passionate, 
maverick. Many of the new collectors no longer want boring old work that offers 
conservative prestige; they also want to collect new daring, provocative, even 
“political” art. The way financiers dream about a kind of intimacy with “the 
market” is more than similar to the way artists and arts professionals talk or 
fantasize about an intimacy with “the contemporary”: a kind of hyper-present, 
to be on the bleeding edge, ahead of one’s competitors, in the moment before 
the moment even occurs.

For this reason I am all the more interested, at least on an intellectual 
level, in artists whose work engages with money, finance, debt and economics 
from “within.” Their experiments have something to tell us precisely not 
because they come from the margins of capitalist accumulation, but because they 
are so close to the proverbial centre. That said, I’m utterly bored by work 
that makes a simplistic critique or an ironic glamorization of money, which are 
both very common. 

There’s something about the methodologies and practices of smart and rigorous 
artists working with money that has a psychoanalytic character, a talking cure 
where the artist is able to express the unnameable contradictions at the heart 
of the system of which we are all part. Like psychoanalysis, to paraphrase 
Freud, art can only help to transform political-economic neurosis into normal 
everyday misery. But to actually transcend that misery takes radical 
anti-capitalist movements actively transforming the fabric of politics and 
everyday life.

I return to Dan Mihaltianu’s work here, which delivers us into something that I 
have called benign pessimism. This is a theoretical inversion of Laren 
Berlant’s “cruel optimism,” a complex “public affect” we all share, whereby 
most of us sustain participation in a system that is slowly killing us, based 
on a belief that things will get better, even though we actually know they 
won’t (much like the yeast producing the alcohol). There’s something about the 
lachrymose minimalism of Dan’s work that for me appeals to a potentially 
transformative melancholia.

And I think here we see another kind of art with or about 
money/finance/economics that is really just a kind of cunning sabotage, that 
uses the residual prestige of art, and its proximity to financial power, to get 
in under the skin of financialized capital and cause some real trouble.

GL: Is there a perspective on art and money from those who don’t have much? One 
could say that the challenge these days is about the redistribution of wealth. 
This is why Trump and others get so upset about the word ‘socialism’.

ML: Recently I’ve been working on the question of how to uncover the 
proletarian, hidden history of money. In the face of so much (cruel) optimism 
about the potential to reinvent money, I’m interested in a history of money 
“hacking” and “innovation” from those of us for whom money has always felt not 
like a medium of liberation or exchange, but just as a weapon against common 
life and for enforcing exploitation. This is, in part, a response to the 
enthusiasm for new crypto-solutionism to the “fix” the “problem” of money and 
payments. I cannot fathom why anyone would believe that they could outsmart or 
trick capitalism: it is a system that harnesses our intelligence, creativity 
and imagination like no other. My concern is that attempts to “fix” or “hack” 
the system from the top down will just renovate or reinforce that system.

My inquiries led me to examples of small yet fearsome ways that everyday people 
have rebelled and avenged themselves against money, what I call a “hidden 
ledger” of proletarian rebellion: destroying or defacing currency, creating new 
play or temporary currencies, using money as a representative vehicle for 
caricatures or subversive messages and the like. By proletarian here, I should 
say, I mean something much broader than what is taken for Marx’s quite narrow 
definition of the working class (formally exploited industrial waged workers): 
I essentially include all those whose devalued labours are necessary to the 
reproduction of capital, including unpaid reproductive workers, unemployed or 
idled workers and those working under non-capitalist modes of exploitation 
within a broader capitalist paradigm.

Based on this hidden history I would push us to go one step further than the 
redistribution of wealth, though of course that is necessary. I think we also 
need to reimagine value. Imagine if tomorrow, by some miracle, the world’s 
monetary wealth was pooled and then equally divided between all seven billion 
of us. A good start indeed, but while this might have some potential to reshape 
the way we, as a species, labour and cooperate, it’s likely that we would 
default back to old habits. Sweatshops would remain, with maybe different 
people in them. Children would slave away in mines, though maybe different 
children. This is a preposterous hypothesis, but I bring it up to reveal the 
stakes: I think we need to reimagine value as well, by which I mean have a 
revolution in the way we coordinate our cooperation on a planetary scale, such 
that we abolish sweatshops and mines and create a world of pleasure, generative 
cooperation and true creativity. I think that can only be done through networks 
of grassroots struggles which actively work to produce new methods for 
cooperating and reproducing social life in practice, within, against and beyond 
capitalism here and now.

To turn to Trump and his fellow gangsters. I agree with Naomi Klein that Trump 
is a morbid symptom of a system in crisis: capitalism produces authoritarian 
nightmares in the same way a body produces a fever to destroy an infection, or 
perhaps more accurately the way the intestines release water to flush out an 
infection, resulting in diarrhea that threatens to do terminal harm to the 
body… This somewhat grotesque metaphor does help describe the kind of phobic 
reaction of capitalism to the results of its own inevitable crises. One of the 
most important lessons from Marx is that capitalism can never actually solve 
the problems (political, economic, social, ecological) it inevitably creates, 
only transform these into new crises in other spheres.

What the system fears is indeed socialism. Trump and his brethren aren’t even 
smart enough to have the correct nightmares: the “socialism” espoused by his 
rivals, including Sanders or even Corbyn, is hardly even worthy of the name: at 
best it is Scandinavian social democracy, or slightly better managed 
capitalism. It would certainly be a lot better than the present order, but not 
enough.

The litmus test of meaningful “socialism” is (a) the reclamation of stolen 
wealth from the ruling class, (b) the transformation of daily life towards new 
methods of non-capitalist cooperation and (c) the complex valorisation of the 
human dialectic of autonomy and community, which is to say the infrastructures 
of meaningful freedom-in-relationships. This last point is key, because, 
obviously, no-one wants a grim collectivist state-run nightmare. But, equally, 
our notions of personal freedom need to be disentangled from the legal and 
cultural frameworks of pathological individualism, the residue of 500 years of 
colonialism. While in the most recent wave of social democracy there is some 
talk of greater taxation of the rich, of encouraging cooperatives and of the 
enforcing of basic human rights, which is good, I think socialism can and 
should dream much more dangerously.

GL: Many of your examples seem to come from either North-America or Western 
Europe. Can we think of subversive strategies that take into account the dark 
side of real existing communism as Europe has lived through it during the Cold 
War period? 

MH: An artwork that is critical or subversive of the economics of the 
actually-existing communism of the Cold War period would likely not have 
expressed itself in the kinds of money-art we have seen in the so-called West. 
Artists in the “West” have gravitated towards money-art as a method of critical 
and creative expression precisely because money rules everything under 
capitalism, and increasingly so. In non-capitalist nations (or state 
capitalist, depending on how you look at it), such as those of the so-called 
“East,” my hypothesis would be that money didn’t “sting” in the same way: it 
wasn’t the example of authoritarian power to be resisted. I suspect that we 
would have more success comparing “Western” money art with the kinds of 
subversive performance art that mocked or challenged the hypocrisy of state-led 
“Communist” authoritarianism in the “East.” But that is simply my largely 
uninformed hypothesis and I’d look forward to having it disproved.

GL: In your book you draw up a fascinating analogy between the secrecy of 
crypto and the psycho-analytic term of the crypt. 

ML: I wrote Art After Money, Money After Art during the heyday of the 
cryptocurrencies, which thankfully has expired recently, largely thanks to the 
entirely predictable way that big-time gambler/investors used and abandoned 
them to make a quick buck. But the naivete of crypto-enthusiasm was revealing 
in and of itself. People kept asking me what I thought, and I would always 
paraphrase you folks at Institute for Network Cultures: cryptocurrencies are 
often elegant solutions, but what, again, was the question? 

I see money under capitalism as both a means and an ends to hacking into the 
crucial intersection of forces at the heart of society: the place where our 
forms of cooperation meet the ways we imagine the world. Money hacks both: it 
shapes how we cooperate and how we imagine, creating a kind of infinite 
feedback loop (bad infinity). 

The endgame of financialization is the complete subsumption of society to 
money. Such a situation would, of course, be a nightmare, where everything of 
value in the world is sacrificed on the altar of the accumulation of capital. 
In other terms, all of society would become encrypted by money, translated into 
its code, so much so that the code becomes the law. One already-existing 
symptom of this is the way “imaginary” financial instruments which can never be 
decoded (shown to refer to real-world wealth) become the most powerful force on 
the planet, as we discussed earlier. Pure monetary code rules, the map becomes 
the territory. Oddly, this is also the dream of many crypto-currency 
evangelists, who seek to create coins or tokens to monetize any and every 
aspect of social life and believe that it is somehow “revolutionary,” when in 
fact they are riding with the horsemen of the apocalypse. 

Without going into too much detail, I reached here for Derrida’s theory of the 
crypt, which he borrows from Abraham and Torok’s re-reading of Freud. To vastly 
oversimplify, encryptedness describes the condition of a patient who can’t be 
treated by regular psychoanalytic techniques because they essentially created a 
kind of sealed structure inside their psyche that protects a false, often 
idealized version of the world. The patient marshals all their psychic 
resources to hide this crypt from the analyst and from themselves and as a 
result both has this crypt within them but is also at the same time trapped 
inside this crypt. They marshal all their psychic resources to hide the crypt 
to prevent it from being “cured,” for fear of a kind of subjective collapse 
without it, even though it is the source of their pain and suffering. The 
analyst needs to discover and the crypt through decrypting the patient’s 
unconscious expressions in speech and dreams.

I drew on this concept of the crypt to describe the relationship between art 
and money: the two are encrypted by one another. This is easier to see with 
art: this set of activities we identify as “art” under capitalist/colonial 
“modernity” (a distinct set of activities as distinct from craft, religious 
expression, ornamentation) has always-already been encrypted by money. I mean 
that the category of art itself, as well as actions undertaken within that 
category, have always been shaped by the class we used to call the bourgeoisie. 
“Art” and capitalism have grown up entangled together. Early on, capitalists 
manifested the demand for artistic objects as such; they created the market for 
the individual creative genius as the guarantor of the economic and cultural 
value of artworks. 

As Peter Bürger among others has argued, the radical potential of art, its 
capacity to evoke and produce freedom, autonomy, imagination, connection, etc. 
has always been encrypted within the capitalist category of “art,” living and 
dead at the same time. And these values or virtues appear phantasmagorical in a 
bourgeois hyperbole about the value of art. These values are allowed to exist 
within/around art precisely so they are not expected or demanded in wider 
society, or for other (non-art) workers for whom freedom, autonomy, 
imagination, connection is nothing but a dream under the economic 
authoritarianism of capitalism. Art is a crypt within capitalism for those 
treasured values (freedom, autonomy, imagination, connection) that are 
otherwise banished.

Likewise, money itself is a kind of encryption. As Marx put it, money is a 
mystified artefact of our own connection to society, the ultimate fetishized 
commodity. Money is, for Marx, access to the residue of other people’s labour 
power. David Graeber connected this to Marcel Mauss’ anthropological 
observation that money is the counterfeit coin of our collective dreams: our 
own social creative power transformed into an “object” (even if, today, that 
object is digitalized and dematerialized) and offered back to us as natural. So 
encrypted within money is a kind of holographic image of “our” own potential, 
as a society to cooperate. And yet money, under capitalism, becomes both the 
means and the ends of all our cooperation. Money is boundless, coercive 
potentiality. This is what art draws on for its vitality, it is one of the few 
spheres of life under capitalism where this potentiality can appear, if only 
for a moment, and, of course, under its own encrypted conditions.

GL: My thesis is that more and more artists are drawn into the ‘art & money’ 
vortex because of growing inequality worldwide. Money is becoming such a 
mysterious entity. Artists are told everywhere that they have to give up their 
professional expectations. They can withdraw in the niche of the crafts or 
become an amateur artist that has a normal day job. Our MoneyLab discussions 
have always included experiments with new revenue models so that artists can be 
paid for their work. In your creative ‘abolish’ strategy ‘against 
financialization you want to put the radical, fundamental problems on the table 
and reject short term reformist approaches such as Patreon or crowdfunding.

MH: True. Artists are motivated by growing inequality, and also because the 
thing they love to do, which is to do creative work in public, is almost 
completely worthless under this phase of capitalism. The majority of creative 
labour is made worthless, while a tiny fraction of artists gaining wealth and 
stardom. So I see why so many artists chose to withdraw their labour in various 
ways, or to reserve “art” for their “spare time” and just choose regular forms 
of exploitation to “make a living.” 

Such a horrific choice: to be faced with the exploitation of either body or 
soul – if you’re lucky: a huge percentage of the global population now face the 
prospect of actually not even having the opportunity to be exploited at all...

Like all workers, artists need to find ways to withdraw their labour from the 
system that is killing them, some more slowly than others. Mutual aid and 
system-hacking are crucial here. All workers under capitalism, including 
artists, have historically and in the present had to develop material systems 
of mutual aid to meet their needs based on methods that don’t rely on money, or 
at least not money as we conventionally imagine it. I am thinking here, for 
instance, of cooperatives, collectives and autonomous organizations. These 
vehicles help us organize our cooperation differently to meet our needs for 
food, housing, pleasure, care without needing to rely on commodities or lend 
our labour to producing commodities. 

But, of course, these institutions-from-below are always partial and 
incomplete. Even those who try and live this way nowadays end up, at some 
point, needing to interact with the monetized capitalist economy, for instance 
to buy a computer (which cannot be produced by a neighbourhood cooperative), or 
to obtain advanced medical care (there is no anarchist CAT scan collective, 
yet), or to travel long distances. 

Crowdfunding started out as a way to support creative people, who lacked 
independent wealth or institutional support, to do big projects, which is great 
– it rhymed with mutual aid, in a way. But now people are crowdfunding for 
basic necessities like medical care or university tuition. 

As Pascal Gielen and Stevphen Shukaitis each note, there is a long history of 
the forms of organization and techniques of radical artists being folded back 
into the capitalist system, perhaps because artists tend to calibrate their 
activities towards the values of freedom, autonomy, imagination, connection, 
which are also so sought-after under the alienating and exploitative 
sociological regime of capital accumulation.

This is where it is useful to learn from the abolitionist approach. Here, 
abolitionism emerges from the Black Radical Tradition (not exclusively in the 
territories we now call the United States). It takes inspiration from the 
radical anti-slavery abolitionists of the 19th century to develop an approach 
to abolishing today’s prison system, which vastly disproportionately 
incarcerates the descendants of those who were once enslaved, which is to say 
those racialized as Black. 

I end my book by calling for an abolitionist approach to art and money. To cut 
a long story short, I think we need to imagine what art will look like after 
capitalism and start building that reality. And we need to think about how we 
want to organize social co-operation after capitalism and start building the 
infrastructure now. 

In general, I feel we must become much more courageous in imagining what we 
want. And then, based on that, we decide if and how to compromise in the 
interim, on our way to that future. If we fail to do that, our tactics of 
mutual aid and survival will not be strategic. And this system of capitalism is 
devastatingly chaotic, flexible and adaptive, and so will easily recuperate our 
best efforts.

GL: I agree, let’s unlock the radical imagination and overcome both art and 
money. Stefan Heidenreich also got to this point. Can you take us there? At 
times I see this new world rising up at the horizon, and then it slips away 
again. It is hard to imagine a world without money. With that I do not mean 
cash… Money and value are becoming more and more abstract. Is the next stage 
then, almost necessarily, its dissolvement? Is the art we deal with in this 
context then a transformative device that assists us in that process of 
disappearance?

ML: I think Stefan’s argument is important because he challenges us to realize 
that we now live in a world where  most of the social functions of capitalist 
money can actually be done without money, with the help of advanced computing. 
There is the potential for a decentralized form of a planned economy that has a 
kind of democratic layer “baked in.” From this perspective, capitalist money 
and technology, in a way, might have created its own gravedigger.

However, history does not change based on good plans or excellent code: it 
changes through struggle and struggles are messy because humans are messy. My 
litmus test for the importance of new schemes for the administration of value 
is not so much their theoretical elegance or abstract plausibility but, rather, 
their utility in actual struggles.

I am not sure if I precisely trust art to show us a working miniature model of 
what money after “[capitalist] money” will look like. Here I would in a way 
agree with Marcuse that the goal of art is not to present a different method of 
engineering or economics, but to constantly antagonize the “reality principle.” 
I don’t want art to invent a new economy, simply show us the limits and cracks 
in the economy we have. And, if there is a role for art after “[capitalist] 
art” I oddly think it will be to continue this role. To paraphrase Cornelius 
Castoriadis, there will never be a form of democracy democratic enough: the 
democratic project, in the radical proletarian sense, is one of constant 
disruption, even if (especially if) we do create a better, post-capitalist 
society. Well, I think art is in some way the avatar of such a project: it’s 
job is not to plan the future but constantly tease the limits of our order of 
thought, feeling and action. Good societies prize and value art for precisely 
this reason. 

GL: As a counter-strategy, would it make sense to emphasize the gesture of the 
‘gift’? One would expect many art works that deal with art and finance to do 
that. The gift seems such a perfect answer to the madness of speculation. The 
bitcoin and crypto-currency schemes are based on speculative expectations of 
the rise of the value. Do you feel sorry for these right-wing libertarian 
souls? What’s the generous and sovereign artistic response to this organized 
silliness?

ML: I do feel a bit sorry for the right-wing libertarians, especially the 
younger ones. Many are attracted to the position out of an earnest commitment 
to the principle of human freedom. But it emerges precisely in the toxic 
conditions of insecurity, alienation, competition, atomization and fear that 
it, itself, creates in the world. Free market evangelism is the natural 
ideology of subjects damaged by its own policies and implications.

One of its crucial flaws is precisely the gift: the fact that, no matter what 
happens, the most meaningful and important human relationships cannot be 
commodified, tokenized, monetized or subjected to an “economic” logic without 
losing precisely what gives them value: the gift, love, real difference, real 
connection. I don’t mean to get idealistic here: this is very material. Human 
infants, for instance, literally die without the gift of care. One can make a 
boring and stupid argument that care is an “investment” or simply a biological 
urge on the part of caregivers, but this is an ideologically violent approach 
to the ontology of human connectedness.

It’s ironic that so many of these crypto-scenes are predicated on libertarian 
ideas about the need to measure, quantify, tokenize and exchange anything and 
everything, but if we were to look at them as if from space (or with an 
anthropological lens) we’d see a lot of lonely smart people--mostly 
men--creating technological alibis for having zones to be together, to form 
communities in online forums, start-up incubators, endless conferences and the 
like (successful communities always include methodologies of conflict, 
competition and hatred). And yet, as David Golumbia notes, the crypto discourse 
is actively hostile to any substantive notion of the public. There is a fantasy 
of a “trustless” economy, an almost completely unquestioned assumption of the 
possessive, self-centred individual as the basic economic unit, the jejune 
(and, frankly, oedipal) paranoia about a simplistic rendering of the “state.” 

I’m not sure artists should focus on engaging with this culture, unless they 
really want to. My sense is that those liberationist crypt-schemes that will 
survive are those that prove themselves actually useful to people. A lot of 
schemes and platforms have proven themselves useful as vehicles for financial 
speculation. I am interested in those that actually make mutual aid, 
solidarity, struggle and grassroots resurgence possible. I would prefer that 
artists interested in the economy also focus on making mutual aid, solidarity, 
struggle and grassroots resurgence irresistible.

(Dan Mihaltianu, Canal Grande: The Capital Pool and the Associated Public, 
edited by Cristian Nae, Unfinished Conversations on the Weight of Absence, The 
Romanian Participation at the 58th International Art Exhibition – La Biennale 
di Venezia. Web version with pictures here: 
http://networkcultures.org/geert/2019/05/11/interview-with-max-haiven-art-after-money-money-after-art/
 
<http://networkcultures.org/geert/2019/05/11/interview-with-max-haiven-art-after-money-money-after-art/>).



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