William Davies, Owning Towards Death, Finance and Society
These brief allusions suggest that if work (or labour or production) were to lose its pivotal position in the justification and organisation of capitalism, the result would be profoundly disorientating. Firstly, it would risk a legitimation crisis for capitalism, should work appear to become disconnected to reward, property or ‘social mobility’. Whether or not capitalism has delivered these outcomes to workers, its moral crisis potentially stems from a breakdown in the public normative conventions which justify hard work and industry, and thereby allow individuals to achieve moral status, recognition, or security through their labour. Secondly, it would risk a kind of existential crisis for individuals, bringing them face to face with the arbitrariness and potential pointlessness of their lives, once notions of ‘career’, ‘earnings’, and ‘merit’ lose their grip on individual life courses and personal development. Instead, individuals may be forced to confront economic activity as nothing other than a flow of time.
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