Installation THE MARKET Le Bleu du Ciel, Lyon

October 19, 2017 § Leave a comment

IMG_9222Credit Suisse (Access denied)
Canary Wharf
London England
March 2013 (left)

Anthony, Analyst (negotiation 1.5 years)
The City
London, England
May 2013 (right)

‘In the evolutionary aftermath of the global economic collapse and absence of sustained audio-visual engagement with the central locus of this catastrophic event, the ongoing multi-media transnational project, THE MARKET (2010-), critically addresses the functioning and condition of the global markets and the role of financial capital. It is the continuation of a cycle of long-term projects, beginning in the late 1990s, focused on the predatory context resulting from migrations of global capital.

IMG_9230Bethlehem, Trader (negotiation 1.5 years)
Ethiopian Commodity Exchange (ECX)
Addis Abeba, Ethiopia
September 2012
IMG_9226The Viewing Gallery
Ethiopian Commodity Exchange (ECX)
Addis Abeba, Ethiopia
September, 2012
(Single channel HD digital video, silent, looped 9’’)
James, Operations Manager (negotiation 1 year)
Irish Stock Exchange (ISE)
Dublin, Ireland
April 2012
Transcripts (Dublin, London, Addis Abeba)

‘Having undertaken an extensive process of negotiation, averaging 1.5-2 years, to access strategic sites/individuals, the ethnographically-informed project incorporates photographs, film, soundscape, artifactual material, 3D data visualisation & transcripts of verbal testimony. Taking the sphere out of abstraction & positioning it as a pervasive force central to our lives, themes include algorithmic machinery of financial markets, central innovator of this technology, absorption of crises as normalisation of deviance & long range mapping & consequences of financial activity distanced from citizens & everyday life. Profiles include traders, bankers & financial analysts & documentation from London, Dublin, Frankfurt, Amsterdam & Addis Abeba’

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Transcripts (Detail)(Dublin, London, Addis Abeba)

IMG_9253

Algorithmic Surrealism 2015
Landscaped Park (International Investment Bank)
Zuidas Global Financial District
Amsterdam, Netherlands

(Single channel HD digital video, colour, sound/voiceover 11’04’’)

The installation includes the film, Algorithmic Surrealism (follow link for excerpt) made in the new financial district of Zuidas (Amsterdam), global centre for algorithmic trading & shadow banking, while the voiceover of the film is adapted from a text by former trader, Brett Scott. Forecasted that there will be no human traders within a decade, the film suggests the hegemony of High Frequency Trading (HFT) and extinction of human reason – including empathy and ethics – will perpetuate the power relations of minority wealth in globalised capitalist systems.

IMG_9249

Financial Surrealism/Systemic Risk
Colour A4 image and text – Shadowbanking

IMG_9257

Artifacts & Correspondence regarding process to secure access to Deutsche Börse AG, Frankfurt/Eschborn 2012 including Letter requesting access to Deutsche Börse AG
from the Irish Ambassador to Germany, Berlin, Germany, November 2011
(accessd denied)
Framed emails/ Vitrine

IMG_9264

Artifacts & Correspondence regarding process to secure access to Deutsche Börse AG, Frankfurt/Eschborn 2012 (accessd denied)

IMG_9266

Artifacts & Correspondence regarding process to secure access to Deutsche Börse AG, Frankfurt/Eschborn 2012 (accessd denied)
(detail)

IMG_9269

Deutsche Börse II (Acess denied)
Eschborn (near Frankfurt)
Germany
March 2012

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The Television Studio
Selected Reports from German Television (2012 – 2013) from Frankfurt Börse (Stock Exchange)
(described in the vernacular by Deutsche Börse AG (owners) as ‘The Television Studio’)
Frankfurt, Germany

Digital Video, Silent, Looped (28 minutes)

IMG_9289

Taika, External Relations Associate (negotiation 1.5 years)
Ethiopian Commodity Exchange (ECX)
Addis Abeba, Ethiopia
September 2012

IMG_9286

Matthew, Banker (negotiation 2 years)
Canary Wharf
London, England
March 2013
Poster/Text

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JP Morgan (formerly Lehman Brothers)(Access denied)
Canary Wharf
London, England
February 2013

‘Titled the Normalisation of Deviance, through the application of an algorithm identifying the words market and/or markets in public speeches by relevant national Ministers of Finance, the data is then transformed to create the installation soundscape. For Le Bleu du Ciel, the algorithmic translation of the former minister, Pierre Moscovici is presented. To date, those of Michael Noonan (Ireland), George Osborne (UK) and Jeroen Dijsselbloem (Netherlands & Eurozone Group President) have also been included in exhibitions in those countries – to represent contemporary financial capital functioning through the conduit of the now financialised nation state”

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Financial District, Lyon
(Window, main gallery space)

The installation is part of the year-long programme, Suite-Nouveau Documentaire by Gilles Verneret, Director, Le Bleu du Ciel and part of official programme Resonance de la Biennale de Lyon 2017. Participation has been generously supported by Culture Ireland.

Exhibition from September 28 – November 25, 2017.

The project has been curated by Helen Carey (Director, Firestation Artists’ Studios) and supported by the Arts Council of Ireland, Arts Council of Northern Ireland, NEPN (University of Sunderland, UK), Noorderlicht (Netherlands), Institute of Art, Design & Technology (IADT), Gallery of Photography, Belfast Exposed & Culture Ireland.

Algorithm & Sound Composition Ken Curran

Full information here.

THE MARKET a project by Mark Curran

January 9, 2012 § 8 Comments

In the continuing evolutionary aftermath of the global economic collapse and absence of sustained practice-led research engagement with the central locus of this event, the ethnographically informed, multi-sited, transnational project, THE MARKET (2010-), builds upon the cycle of long-term research projects, beginning in 1998, by practice-led researcher and educator, Mark Curran.

THE MARKET (installation image) Belfast Exposed 2013

THE MARKET (installation image) Belfast Exposed 2013

Beginning with SOUTHERN CROSS (Gallery of Photography/Cornerhouse 2002) which surveyed the spaces of development and finance of the so-called ‘Celtic Tiger’ Irish Republic between 1999 and 2001, followed by  The Breathing Factory (Edition Braus/Belfast Exposed/Gallery of Photography 2006) and subject of his practice-led PhD, sited in a multinational complex in Leixlip in the East of Ireland, the project addressed the role and representation of labour, global labour practices and fragile nature of globalised industrial space. Ausschnitte aus EDEN/Extracts from EDEN (Arts Council of Ireland, 2011) focused upon a declining industrial and coalmining region in the former East Germany, an area which prophetically evidenced the massive impact regarding the unevenness of development inherent through the functioning of neoliberal globalisation. All projects are intended to demonstrate a continuing and sustained engagement addressing the predatory impact of global capital.

Critically, the ongoing project, THE MARKET, which began in 2010, seeks to access those sites, which all of the other project work to date has also been decisively defined, spaces where literally and metaphorically, futures are speculated upon – the global markets – and to explore, survey and excavate focusing upon their operating functioning and how this is reflected in for example, language, architectural understandings and centrally, the individuals who inhabit, dwell and labour within these global financial spheres. Conceptually pivotal and mindful of technological evolution with specific reference to the role and functioning of algorithms, has been a desire to both make visible an understanding of such sites and to explore the interconnectedness of such markets. Therefore, multi-sited access has been sought to survey various global locations, including sites in Dublin, London, Frankfurt, Addis Ababa and Mumbai. Extended stays and re-visits have been undertaken in each location to facilitate further research regarding the site, address access, establish contacts and develop relationships with individuals as key collaborators and informants of the project.

As demonstrated in Curran’s previous projects, the cross-disciplinary interventions have included an ethnographic understanding in the collaborative and multi-vocal application of media in the form of photography, audio-digital video, soundscape and the collation of verbal testimony. The intention for THE MARKET has been to afford process-led undertakings over the course of its construction, extending to site-specific interventions, web presence and forums around the project installations incorporating interested parties thereby facilitating the opening up of discursive spaces around the central thematic.

The anthropologist, Karen Ho’s central argument is that Wall Street investment bankers reshape corporate America in their own image, and through the construction of the market, result in the manufacture of crises while simultaneously, ‘assuring its rescue’ (2009: 323). In this, as she defines, ‘economy of appearances’, Ho outlines operating structures, the significance regarding ‘pedigree’, citizen complicity and the critical role of fear in this ‘culture of liquidity’ (ibid.)’ Ho, K. (2009) Liquidated: An Ethnography of Wall Street New York: New York University.

In the financial markets, there is a natural predatory instinct that is hard to control (former trader and author, Micheal Lewis, BBC World Service, 9 May 2010)

The video shows a taped up plastic curtain inside the factory, one that seems to be installed for blocking the artist from viewing production equipment and process. Although we cannot see, there seems to be a working (breathing) machine inside the curtain as it, almost unnoticeably, inflates and deflates repetitiously. In fact, the video seems to summate what the audience experiences in the exhibition. The camera made its way inside the factory, but it cannot tell us what the employees actually do or what they produce. We are only allowed to hear the breathe of the factory. This is analogous to today’s globalised economy and financial markets. For many of us, it is almost unfathomable to understand how they operate. We are left outside of a curtain, inside of which a giant machine breathes intermittently. (from Spectators of the Same Story: Economy, Technology, Photography, Jung Joon Lee, Review of The Breathing Factory: A Project by Mark Curran, DePaul Art Museum (DPAM), Chicago January-March 2010, CAMERAta, Seoul, Korea, May 2010)

Keywords Global Capital, Ethnography, Photography, Speculation, Transnational, Vulnerable, Fieldwork, Precarity, Testimony, Cross-disciplinary, Labour, Witness, Reflexive, Installation, Montage, Multivocality, Access, Technology, Algorithms, Visual Art, Futures

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