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(n.) A sudden drop in price due to the decision of a superior. Not to be confused with depreciation.
The dollar took another devaluation against the pound and euro today. Pretty soon it'll be back to 1950's standards and we can buy shit in cheaply.
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To lessen or cancel the value of.
To lower the exchange value of (a currency) by lowering its gold equivalency.
The Nobel peace prized was devaluized when presented to a former president.
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When an advertisement is of little and or no value to the recipient of the receiver of the advertisements.
The devalued advertisements were not worth the device they were being shown on.
A social phenomenon arising in the context of neoliberalism, a specific form of capitalism that not only encourages commodification but also promotes the moralization of that commodification. In this setting, individual gains, particularly those spurred by the moralization and normalization of commodified emotional labor, lead to collective losses. These losses manifest in forms such as systemic exploitation, increased mental health burdens, and perpetuated social inequalities. The paradox emerges from the mismatch between individual pursuits and collective well-being, exacerbated as governments and societal structures exploit surplus emotional labor, further normalizing its commodification. This exploitation, embedded in the dynamics of neoliberalism, contributes to the devaluation of collective emotional health and well-being.
A: you see that video of the nurse bike incident?
B: A Collective Devaluation Paradox.
A: wa?
B: A social phenomenon w/ often occurs in neoliberalism, a form of capitalism that not only encourages commodification but also promotes the moralization of that commodification. In situations like this, individual gains can lead to collective losses.
A: losses?
B: They manifest in various way, eg. systemic exploitation, increased mental health burdens, & perpetuated social inequalities. The paradox emerges from the mismatch between individual pursuit & collective well-being.
A: I see. So perhaps, in a world where emotional labor hadn't become moralized to become commodified, the men might have recognized the woman's situation - her role as a nurse, her apparent exhaustion & consider letting her take the bike as an act of kindness or empathy. But in our current society, where interpersonal interactions are often viewed through a capitalist lens, there's no societal expectation for them to do so. The moral obligation to consider the emotional state of others is diminished in the face of individual rights & possessions.
B: it doesn't stop there. Societal structures often exploit surplus emotional labor, which further normalizes its commodification. This exploitation, embedded in the dynamics of neoliberalism, contributes to the devaluation of collective emotional health & well-being. So, while everyone seeks individual gain, we have broader societal loss.