If art has the capacity to make present what would otherwise remain unnoticed, Zachary Formwalt’s work deals with the least visual, most obscure and elusive of processes: the movement of capital. The unhindered circulation of money between financial markets is one of the basic premises of the global economy and is considered a fundamental freedom in modern democracies. But Formwalt’s critical attention to these invisible processes reveals that they are omnipresent forces pervading our everyday lives.

Formwalt’s films and photographs enquire into the nature and origin of still and moving images and their relationship to economic and social history. He attempts to capture the immaterial traces of capital and its multitudinous appearances in the material culture of modernity through a focus on specific buildings and documents, objects and iconographic motifs—in short, the presence of capital is recognized in traces that constitute the material culture of modernity.

Adam Szymczyk in Creamier: Contemporary Art in Culture, Phaidon Press, 2010