Talking Absolute Business - Images and Effects of Capital Market
20', 1998
by Peter Spillmann, Zürich
The video Talking absolute Business is cut together from footage of different Business and News channels. With appropriate pictures and a never ending discourse the video shows, how the financial market creates it‘s own credibility over (media) representation. The idea of what is profitable capital turns out to be a question of current trends and valid doctrines.
The Eastern-Europe Fund is one of the investment products offered by
Bank Vontobel, a Swiss specialist for asset management. Buying shares in this fund, investors become shareholders of successful and dynamic enterprises in the so called „emerging markets“ of several Eastern-European countries. Regular bank newsletters provide short analyses about the various countries represented in the fund. Political and economic developments are critisized and commented on from investment-technical standpoints. Investments, like the inclusion of a particular country into the Eastern-Europe Fund, depend on specific framework conditions. The political and entrepreneurial aims and demands of large investors, such as Bank Vontobel, are identical world-wide. The requested framework conditions include the lowest possible level of taxation, balanced national budgets, stable and reform-willing governments as well as the most liberal possible legislation with regard to economic freedom.
The ideological totality of a global financial market and the concept of globalisation, which are both inter-linked, are based on the implementation of standardisized rules, principles and calculation formulae. The function principle of funds like the Eastern Europe fund of Bank Vontobel, makes visible, how private and institutional investment is influencing politics and controls entire countries and regions.The global financial market driven by old and well-known colonialistic and nationalistic motives.
