The global financial landscape is undergoing a structural shift toward "collapse finance," where institutions designed to manage risk are increasingly profiting from and accelerating systemic instability. Amid geopolitical turmoil and the abandonment of green initiatives, traditional concepts of market security are unravelling, replaced by a system that monetizes uncertainty through instruments like catastrophe bonds and volatile cryptocurrencies.
This transformation signals a deeper cultural and epistemological change, giving rise to the "Homo speculans"—a subject forced to speculate on the very collapse of the systems they inhabit. By reframing social crises like aging and environmental decay as new investment frontiers, collapse finance reshapes the relationship between the individual and the state, prioritizing portfolio performance over collective social security.