Category: neoliberalism

We can’t let the invisible hand kill us

~ Adam Kotsko

There is no binary choice of “next Great Depression or mass death.” The government can support people while they take the absolutely necessary steps to contain coronavirus, allowing them to pick up where they left off once sheltering in place is no longer necessary. Other, smaller countries are taking measures that could be models here and wouldn’t require any new programs or political infrastructure — just pumping money through existing channels. We have the technology (i.e., money). Lives and livelihoods do not need to be destroyed.

But left to itself, the invisible hand is going to inflict a Great Depression on us as punishment for doing the right and necessary things. The invisible hand will destroy careers and businesses and whole communities full of people who did all they could to save lives. How do you expect people to sit back and take that?

The Financial Crisis already inflicted a huge system-wide economic shock on people who were ostensibly “doing the right thing” (buying a home), and that was a huge blow to the legitimacy of the system. Coronavirus is on course to do even worse. And establishment Democrats are doing their level best to guarantee that once the legitimacy of the system — not just the neoliberal order, but perhaps the Constitution itself — is destroyed, the extreme right will be the ONLY organized force in a position to pick up the pieces.

Status anxiety

~ Adam Kotsko ~ 2 Comments

From most perspectives, I’ve lived a charmed life. I live in a city I love, with an amazing partner. And miraculously, I’ve somehow managed to be employed full-time in academia since finishing my PhD, despite graduating into the Financial Crisis, and as a result, I am now much more materially secure than I could have imagined during the dark days of grad school. I’ve had a really unique and diverse teaching experience, and I’ve had enough time to do the writing and research I am interested in. My writing has opened up a lot of great opportunities, including international travel (to the point where I may eventually be able to “get” every inhabited continent).

In short, I am living the life I want to live and have always wanted to live. My main source of legitimate anxiety is whether I can make it last for the long term. And that ties into another, possibly less legitimate anxiety — over status. On the one hand, I currently have more job security than most professionals in most industries. On the other hand, I am working in the one industry that purports to offer a select few near-total job security, in the form of tenure. That job security is, in the ideology of academia, tied very closely to professional status and prestige. Hence it is difficult to keep those two elements separate: the desire for tenure as one of the few forms of genuine job security in the world and the desire for tenure as a kind of earned recognition of my personal value as a teacher and scholar.

Continue reading “Status anxiety” →

The right-wing reaction is part of the legacy of the fall of the Soviet Union

~ Adam Kotsko ~ 1 Comment

In Neoliberalism’s Demons, available wherever fine books are sold, I argue that the right-wing reaction is not a necessary outcome of neoliberalism — in particular, that it does not represent either a reactivation of “leftover” social elements (such as the nation or race, both of which are integral to neoliberalism) or a response to “legitimate grievances” (the long-discredited “economic anxiety” argument for explaining why people support Trump). It is a legible outgrowth of neoliberalism, indeed a parody of it, but not some kind of inner necessity or destiny. Trump in particular was a terrible fluke that was only possible due to our baroque constitutional apparatus, not an expression of the Deep Truth of America or, especially, the will of the people (who voted overwhelmingly against him).

In Q&A sessions, though, people have asked me why, even if we concede that Trump was in some sense a fluke, there nonetheless seems to be a global trend of right-wing reaction. I regret not coming up with this on the spot, but further reflection indicates that the reason the right-wing has been able to seize the moment of neoliberal decline is that there is no longer a live left option. They are winning more or less by default. And the reason there is no live left option is that the Soviet Union collapsed, thereby discrediting the extreme left for a generation. Whether this is fair or not — and whether the Soviet Union was even representative of a plausible range of outcomes for an extreme left agenda — it is indeed the case. There are still Communist countries out there, but they appear to be either impoverished outliers (like Cuba or North Korea), or else appear to all the world as having embraced capitalism (China mainly, but also Vietnam). There is no self-assertive, international leftist movement with the power base of an actual country and military behind it.

The giveaway is that the homeland of the right-wing reaction is first of all Russia itself (Putin) and that the worst offenders in Europe were most often in the Warsaw Pact (Hungary, Poland). Huh, I wonder why these countries, after being failed by the neoliberal order, would embrace the extreme right and not the extreme left? If you remember that the Soviet Union once existed, the answer is obvious. But no one remembers the Soviet Union existed.

(I think you can even fit India and Turkey into this narrative, though I admit I don’t know as much about the details of their internal politics. I won’t embarrass myself by opining beyond the limits of my expertise.)

If this is the case, then I would suggest that the only hope for actually beating back the right-wing reaction is either for the extreme left to take over a major country (best of all, of course, would be the AOC Revolutionary Junta here in America, while we’re dreaming) — or else we can cross our fingers that China is still pursuing the goal of socialism but playing the “long game” of developing the means of production and that it eventually starts asserting itself more directly internationally. (The Belt and Road project could point in that direction, but again, I just don’t know enough to be sure.) I am pretty certain, though, that David Harvey is wrong and China is not helpfully characterized as “neoliberal,” meaning that there is at least one major economy in the world where a noticeably different economic model is an actuality — though China is doing all they can to obscure that, perhaps in part because they saw what happens when an assertive Communist power bloc antagonizes the West. (And of course Western coverage of China wants to claim they’re straightforwardly capitalist, because that fits in the “there is no alternative” narrative.)

Either way, though, the collapse of the Soviet project was a world-historical catastrophe that may have literally doomed human civilization. So yeah. As they say, “it’ll be interesting to see how that plays out.”

Neoliberalism’s Demons Book Event: Piercing the Darkness

~ seanchristophercapener ~ 1 Comment

The following post is by Devin Singh. Devin is an Assistant Professor of Religion at Dartmouth and the author of Divine Currency: The Theological Power of Money in the West (Stanford University Press, 2018).

I very much enjoyed this book. Adam Kotsko treats his subject matter with characteristic lucidity and distills a number of scholarly tropes and conversations into accessible and engaging prose, with accompanying clear analysis. Perhaps because Kotsko and I are excavating similar archives with many overlapping presuppositions, I found little that was problematic or troubling with his overall presentation (obviously, neoliberalism as subject matter is troubling, but that’s not what I mean). What follows, then, are less points of critique than of interest and potential further discussion.

“Arendt’s Axiom” is what Kotsko labels Hannah Arendt’s false dichotomy between the political and the economic, built upon a specious reading of Greek thought (especially Aristotle) that distinguishes between a distinct logic and ethos of the polis and of the oikos. This leads to Arendt valorizing the political above the economic, exalting “political man” as an ideal over against the “laboring animal” of the economy. Such a hierarchy, as Kotsko notes, presupposes the slave economy and relegation of the mundane tasks of procuring the goods of bodily life to a profane realm, while holding up as sacred an elite realm of speech, deliberation, and governance. I appreciate Kotsko’s thorough dismantling of this assemblage, which has garnered an unjustified afterlife and trajectory of scholarly impact.

Continue reading “Neoliberalism’s Demons Book Event: Piercing the Darkness” →

Neoliberalism’s Demons Book Event: Maybe the Real Hell Was the Guilt We Incurred Along the Way

~ seanchristophercapener ~ 2 Comments

This post is by Timothy Snediker, a PhD student in the Department of Religious Studies at the University of California, Santa Barbara, specializing in philosophy of religion. His interests include twentieth-century phenomenology, critical theory, psychoanalysis, political theology, and non-philosophy. His current research concerns the joy of living at the end of the world. 

At a pivotal moment in the titular chapter of Neoliberalism’s Demons, amidst a discussion of the thorny problem of the freedom of the creaturely will and the paradoxical temporality of the fall of the devil, Adam Kotsko evokes—briefly—a specter that haunts every Christian theological attempt at theodicy. I refer, of course, to the figure of the malicious God, who, in creating the angels sets them up for failure, for their own fall, so that he can lay blame upon them and punish them (84). Kotsko has undertaken an extended and more granular study of this particular theological problematic in his prior work, The Prince of This World (Stanford University Press, 2017), but the basic point of the paradox is here adequately adduced. The discomforting image of the malicious God, Kotsko notes,

cuts against a commonsense reading of the doctrine of providence, namely that God allows evil to happen owing to the conceptual necessity of allowing free will and subsequently makes up for it by drawing good out of evil. What the primal scene of the fall of the devil shows is that the causation is reversed: the first thing God does is induce some of his creatures to ‘rebel’ against a meaningless imperious demand, to ensure that there will be a reservoir of evil for him to turn toward the greater good. (Ibid.)

Here we have a God for whom evil is not only necessary in an abstract sense, but for whom evil is positively desirable, since God uses evil, as would an addict, in order to glorify himself. In fact, I reckon that one could deepen and intensify the significance of this idea further still. To wit, evil is not, per se, desirable (it is not the object of God’s desire) but is itself God’s desire, that which is, in God, desirous of God.

In the following, I suggest that the emergence of this figure of the malicious God is one of the many conceptual felicities of Kotsko’s general theory of political theology. I understand Kotsko’s general political theology as exemplary of what he has elsewhere called ‘political theology from below.’ Such a view from below not only accords with a Benjaminian ethics of thinking according to ‘the tradition of the oppressed’ but also avoids the most obvious pitfalls of the narrow, Schmittian schema of political theology, which concerns itself almost exclusively with questions of state and sovereignty, and which offers itself as the obvious paradigm of ‘political theology from above.’

Continue reading “Neoliberalism’s Demons Book Event: Maybe the Real Hell Was the Guilt We Incurred Along the Way” →

Neoliberalism’s Demons Book Event: Seeing Through a Bubble Darkly

~ seanchristophercapener ~ 1 Comment

This post is by Dean Dettloff. Dean is a PhD Candidate at the Institute for Christian Studies. He is also a host of The Magnificast podcast and writer for America Magazine.

There are a lot of stories about how we got here, to a moment in human history where our species is on course to burn ourselves out of the only planet we have because of one of the most harebrained economic systems ever made up. Among them, though riddled with plot holes, is the one told by Peter Sloterdijk. Once upon a time, he says, certain humans lived inside a metaphysical soap bubble, a canopy of orienting ideas. Surrounded by a conceptual atmosphere, some people could look up and see themselves in the ordered fabric of the cosmos, situated in a reasonable station among other reasonable beings and relationships. The colorful doctrinal hues that slid into one another across the film of that bubble changed significantly over time, but the bubble, that fragile source of safety and familiarity (even a place for tragedy), remained all the same.

Somewhere along the line, the bubble popped–!–evacuating the air and revealing humans live on a big, weird rock hurtling through the horrible void of space around a terminal star. As Blaise Pascal put it in one of his Pensées, gasping for Providence, “When I consider the short duration of my life, swallowed up in an eternity before and after, the little space I fill engulfed in the infinite immensity of spaces whereof I know nothing, and which know nothing of me, I am terrified. The eternal silence of these infinite spaces frightens me.”

Without the concentric circles of the planets as guides, Sloterdijk explains, Europeans needed another way to stabilize the contingencies of life. Providence was displaced by Fortuna, and while prayer and fasting certainly did not go away, debt and credit were more reliable forms of genuflecting. Sloterdijk describes the globe of colonial expansion like an “occult clock,” connecting the hours of profit to continents and the people that live there, reduced to speculative equations. Modern capitalism became the means by which human beings, bereft of cosmic guarantees, could be more predictable, calculable, or at least more accountable. Today, Sloterdijk says, it is insurance, the logic of manageable or controlled risk, that has defeated all the lofty conceptual boundaries of philosophy and theology alike, creating what he calls the “world interior of capital.” The air inside has changed, and all that is solid melts into it–Dense Fog Advisory.

Adam Kotsko is also telling us a story in Neoliberalism’s Demons, one that picks up where Sloterdijk eventually veers right. Continue reading “Neoliberalism’s Demons Book Event: Seeing Through a Bubble Darkly” →

Introduction: Neoliberalism’s Demons Book Event

~ seanchristophercapener

I’m pleased to announce the start of our book event on our own Adam Kotsko’s most recent book, Neoliberalism’s Demons: On the Political Theology of Late Capital (Stanford University Press: 2018). We’ve got a very exciting lineup of contributors, listed in our schedule below.

The starting point for Kotsko’s intervention in the book is his rejection of what he terms “Arendt’s Axiom.” The notion of a division between the ‘political’ and the ‘economic’ as distinct spheres of human activity maintains a high degree of inertia within studies of political theology. Kotsko argues that this is, at least in part, due to the highly influential roles of both Carl Schmitt and Hannah Arendt in the formation of political theology as a field of inquiry. Schmitt’s focus on the concepts of law and sovereignty in both Political Theology (1922) and The Concept of the Political (1932) was motivated in part by an attempt to explain the qualitative distinction between politics and other spheres of human social life. Arendt’s The Human Condition (1958) argued—on the basis of a highly idiosyncratic reading of Aristotle—that an original Greek experience of the oikos and the polis as distinct spheres of human life, with distinct logics and activities proper to each, had undergone a transvaluation through late antiquity and the Christian Middle Ages; with the ‘economic’ sphere coming, in modernity, to dominate and threaten to extinguish its counterpart. Proceeding on the basis of this division—the aforementioned ‘axiom’—a good deal of early work in political theology either ignores or explicitly rejects the idea of conceptual transfer between these two fields, whether from economy to sovereign polis or from polis to oikos. And this assumption is visible even now, Kotsko claims, in recent inquiries into economic theology by Giorgio Agamben and Dotan Leshem, or inquiries into the neoliberal condition by writers like Wendy Brown.

Proceeding instead from the assumption that any division between the political and the economic is a division made and remade by new political-theological-economic paradigms, Kotsko turns to an investigation of the specific form taken by the ‘political theology’—which is also to say the ‘economic theology’—of neoliberalism. Key to this move is a focus on the question of neoliberalism’s legitimation. That is: where previous studies (focused on the seemingly hermetically sealed paradigms of political sovereignty or economic governmentality) draw attention to the nature of the ‘god’ endemic to either the political or the economic sphere, Kotsko focuses on the way obligation to that god is engendered: through the demonization of the neoliberal subject. That is: the political-theological paradigm that is neoliberalism is neither simply a political nor an economic agenda, on Kotsko’s reading. It reaches into every facet of social life, making its subjects culpable for their own economic and political condition, while at the same time unable to change the nature of that condition. It entails a specific model of human agency, one which has to be actively made for its subjects. In its treatment of religion, family structure, gender and sexuality, and racialization, Neoliberalism entails the re-narration of subjective agency in such a way as to make the victims of its worst effects responsible for their own suffering and demise. Neoliberalism, in other words, “makes demons of us all.”

Contributors’ posts will be posted next couple of weeks, and this page will stay updated with links to new posts. Our projected schedule is as follows: