Liquidated : An Ethnography of Wall Street

Insecurity and inconsistency: when the day one of their selection process students from elite universities are told that they are  'great and special' for the purpose. That's why this wall street banking firms are approaching them. Through this, they instigate a sense of competition, crookedness / high individualism/smartness and the possibility of being fired or thrown out. It has become a normative belief that hard work and presentation will help you reach positions such as vice president or even the chairman of the firm one day. The author, Karen Ho, argues, that no other workers, except for those in the front desk of wall street firms, believes their hard work and commitment to be paid back. The constant fear of losing job  and  belief in hard work helps the process of liquidation to cover its inequality and exploitation of its own  ' high profile employees.'

Corporate health and social violence of liquidation: a mere objectification of its employees as a liability and putting the same advice or plan of corporate America make American corporate health in its worst time. Social violence starts right from brain-draining the so-called brightest students in their young 20's, while gigantically blocking other carrier options through fancy gimmicks in job fairs. They are further divided into less desirable back offices and highly desirable front offices. Subsequently, they are thrown out to their mid-life crisis in the name of liquidation. It is important to note that, even when existing employees go through the worst scenarios such as recession, mergers, and liquidation. The firm continues its routine hunt for smart young folks from the Harward and other prestigious institutions.

3) The culture of smartness; Students are always lured into this normalization of inequality and privileges in the name of being the cream of the crop or what author would call as the cross-pollination of elitism or the extension of prestigious universities into wall street elite space.  For which culture of smartness was imbibed and nourished from the training programs to the way of life around. They were made to believe that they are going to work in between smart people and smart space like wall street. For which, these applicants have to aspire in becoming smart and evolve an attitude towards smartness and act like intelligent people. This culture of smartness is once again put to use to stigmatize people who refuse to work in such atmospheres, Questions such as 'how can a smart person refuse to work in a smart space like big banking firm.'

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