Manifesta purposely strives to keep its distance from what are often seen as the dominant centres of artistic production, instead seeking fresh and fertile terrain for the mapping of a new cultural topography.
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Núria Güell, ES
Displaced Legal Application #1 Fractional Reserve, 2010 – 2011, © Núria Güell. Photo © Manifesta 14 Prishtina / Majlinda Hoxha.
Núria Güell’s multiphase work was conceived as a continuing education course on money, finance and banking. It was developed in response to the complicity of banks in the global financial crisis of 2007 and 2008 – and to their bailout with taxpayers’ money.
Together with the anarchists and anti-capitalist activists Lucio Urtubia and Enric Duran – both seasoned expropriators – Güell held public training seminars on practical forms of resistance to capitalist exploitation. The three instructors explained how banks “create money out of nothing” with the help of the minimum reserve they claim when lending to their customers.
They then went on to elucidate how bank customers can conjure up money by applying the same principle. Güell published instructions on how to do so in a manual that she made available online for free. It accompanies the blackboard and video as a documentation of the project.