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Sovereign Anxieties and Neoliberal Transformations: An Introduction

Sovereign Anxieties and Neoliberal Transformations: An Introduction Sovereign Anxieties and Neoliberal Transformations An Introduction william callison The financial and banking systems are at the center of a politics of destruction/creation in which economics and politics have become inextricable. If we want to understand how powers are reconfigured by the debt economy, we must first of all establish the links between economics and politics. --Maurizio Lazzarato, The Making of Indebted Man During the 2008 financial collapse, the concomitance of financial capital and state power belied the seemingly autonomous political "decision" on the bailout. Here sovereignty appeared entangled in politico-economic structures, in tight networks of state and nonstate actors that emerged alongside the liberalization and financialization of the 1970s and that made this very crisis possible. Under these conditions, the sites and operations of sovereignty proved far more elusive and perplexing than traditional theories of sovereignty's absolute and indivisible character would allow us to understand. On the one hand, the state was "forced" to become "the lender of last resort," using public funds to support the fallen financial giants while letting others suffer from the initial volatility and the austere landscape that resulted from it.1 On the other qui parle 23:1 · special dossier hand, the ongoing http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qui Parle: Critical Humanities and Social Sciences University of Nebraska Press

Sovereign Anxieties and Neoliberal Transformations: An Introduction

Qui Parle: Critical Humanities and Social Sciences , Volume 23 (1) – Oct 9, 2014
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University of Nebraska Press
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Copyright © University of Nebraska Press
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1938-8020
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Abstract

Sovereign Anxieties and Neoliberal Transformations An Introduction william callison The financial and banking systems are at the center of a politics of destruction/creation in which economics and politics have become inextricable. If we want to understand how powers are reconfigured by the debt economy, we must first of all establish the links between economics and politics. --Maurizio Lazzarato, The Making of Indebted Man During the 2008 financial collapse, the concomitance of financial capital and state power belied the seemingly autonomous political "decision" on the bailout. Here sovereignty appeared entangled in politico-economic structures, in tight networks of state and nonstate actors that emerged alongside the liberalization and financialization of the 1970s and that made this very crisis possible. Under these conditions, the sites and operations of sovereignty proved far more elusive and perplexing than traditional theories of sovereignty's absolute and indivisible character would allow us to understand. On the one hand, the state was "forced" to become "the lender of last resort," using public funds to support the fallen financial giants while letting others suffer from the initial volatility and the austere landscape that resulted from it.1 On the other qui parle 23:1 · special dossier hand, the ongoing

Journal

Qui Parle: Critical Humanities and Social Sciences – University of Nebraska Press

Published: Oct 9, 2014

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