The commodification of security in the risk society

Abstract

Expanding on the works of Beck and others on the growing business of risk, this paper examines the role of private industry in the creation, management and perpetuation of the world risk society. It observes that the replacement of the concept of security with risk over the past decades has permitted private firms to identify a growing range of unknown and unknown-unknown dangers which cannot be eliminated and require continuous risk management. Using the discourse of risk and its strategies of commercialized, individualized and reactive risk management, the private risk industry has thus contributed to the rise of a world risk society in which the demand for security can never be satisfied and so guarantees continuous profits.