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Damián ORTEGA One percent, one hundred percent,2016
Concrete, rust
Dimensions variable
Commissioned by APAP 5
Courtesy the artistkurimanzutto, Mexico City




Damián Ortega`s One percent, one hundred percent, 2017. Commissioned by APAP 5.  Photo: Kim Jungwon
 
Damián Ortega`s One percent, one hundred percent, 2017. Commissioned by APAP 5.  Photo: Kim Jungwon
 
Damián Ortega`s One percent, one hundred percent, 2017. Commissioned by APAP 5.  Photo: Kim Jungwon
 
Damián Ortega’s One percent, one hundred percent refers to the economic relationship between the accumulation and dispersal of capital; it also makes a formal reference to a population’s concentration and density in the face of the massive expansion of cities. Ortega conceived of this work while watching a television interview with an economic expert who discussed unquantifiable values in an informal economy, such as unregistered property ownership, personal sharing of work hours, and non-monetary barter. After WWII, the British government tried to incorporate this marginal wealth into the formal economy by issuing official certificates of property and allowing these citizens to get credits, while requiring them to pay taxes towards the reconstruction of the country. Quantifying this irregular capital, the government realized that undocumented wealth was nearly equivalent to the capital of the banks. In fact, recent research has revealed that while major capital is concentrated at precise points on the planet, its value is equivalent to that of small capital dispersed throughout all the cities in the world. Compare a basketball player earning in one second of advertising running shoes, the same amount that 666 seamstresses together earn in one year producing those shoes. These are the mysteries of capital.
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