|..||From Models to Monsters
Representing the World Economy and Its Discontents
A Workshop by the DFG Research Training Group Cultures of Critique
34 July 2018
Kunstraum of Leuphana University Lüneburg
3 July 2018, 18:00
Trade on Noise: Filmic Ghosts of Financial Capitalism
A film program curated and presented by Florian Wüst
"Because there is so much noise in the world, certain things are essentially unobservable," writes American economist Fischer Black in his 1986 Journal of Finance article, Noise. He uses the term noise
to describe the arbitrary element that makes financial trading possible: Chance, uncertainty and unpredictability not as disruptive but essential factors to the existence of liquid markets. This uncanny nature of modern economy has been represented, above all in film and cinema, by allegorical figures like ghosts, demons and monsters. Against the background of Black's model, noise may entail an aesthetic as well as analytical quality appropriate to today's digital condition. In communication theory, white noise means the superimposition of different frequencies over a wide spectrum. On a TV screen disconnected from transmission signals, noisealso known as snow or staticappears as random pattern of black and white dots: an image of continuous movement void of legible information. This short film programcombining a historical savings bank commercial with contemporary artistic and essayistic filmsreflects on the depictions as well as the implications of a world economy based on speculating and capitalizing the future.
Savings bank commercial: Wohlstand für Jeden, BRD 1955, 2'
F for Fibonacci, Beatrice Gibson, UK 2014, 16'
unsupported transit, Zachary Formwalt, NL 2011, 14'
keep that dream burning, Rainer Kohlberger, AT/DE 2017, 8'
Fictions and Futures #1 Happiness in the Abstract, Arne Hector, Minze Tummescheit, DE 2013, 35'