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IW-Nayar

Pg. 98-101: Imagination and the Becoming-real
by

Arceli Long

on 14 April 2010

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Transcript of IW-Nayar

Imagination and the Becoming-real Risk is something that can happen, that may happen. Risk is always in the process of becoming-real.
When it manifests- actually happens- it is not risk any more; it is a disaster. Insurance companies thrive on the fear that the future can always be frightening, terrible and disastrous. The becoming-real feature of risk has two basic movements. 1. Ascertaining and recognizing the probability of an event. 2. Visualizing-imagining the probable magnitude of the event's outcome. The Task of 'packaging' risk is primarily to do with this imaginative component. Risk culture is the invention of scenarios of disasters based on the calculation of probabilities.
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