Explain how the institutional culture of Wall Street investment banks have promoted new ideas of liquidity and shaped the U.S. economy.

1) Consider the following quote from Karl Marx (1858):

The reciprocal and all-sided dependence of individuals who are indifferent to one another forms their social connection. This social bond is expressed in exchange value, by means of which alone each individuals own activity or his product becomes an activity and a product for him; he must produce a general product exchange value, or, the latter isolated for itself and individualized, money. On the other side, the power which each individual exercises over the activity of others or over social wealth exists in him as the owner of exchange values, of money. The individual carries his social power, as well as his bond with society, in his pocket. (Marx, Grundrisse)

In the quote, the author describes the relationship between money, power, and social bonds in a capitalist social formation. Using Karen Hos Liquidated (2009), explain in no more than 400 words.:

(a) how the institutional culture of Wall Street investment banks have promoted new ideas of liquidity and shaped the U.S. economy; and

(b) the connection between shareholder value discourses and historical narratives that legitimize Wall Streets ethos.