occult economy

is a symptom of millennial capitalism involving the making of wealth 'magically appear not through labor but, get rich schemes, speculation, venture capitalism [production is overshadowed by consumption, and acquisition by a means other than labor].

The principle of value here is consistent with what Jean Comaroff and John Comaroff (2001) have called 'occult economies': a symptom, they say, of millennial capitalism, in which production is overshadowed by consumption, and acquisition by a means other than labor (producing wealth 'magically' by get-rich schemes, gambling, speculation, or venture capitalism) is ever more sought after in times as desperate and unstable as these. (anne allison millenial )

occult economy, n.Definitions

occult economy