badiou on the financial crisis
Of Which Real is this Crisis the Spectacle? Alain Badiou, Le Monde, 17/10/08.
As it is presented to us, the planetary financial crisis resembles one of those bad films concocted by that factory for the production of pre-packaged blockbusters that today we call the "cinema". Nothing is missing, the spectacle of mounting disaster, the feeling of being suspended from enormous puppet-strings, the exoticism of the identical – the Bourse of Jakarta placed under the same spectacular rubric as New York, the diagonal from Moscow to Sao Paulo, everywhere the same fire ravaging the same banks – not to mention terrifying plotlines: it is impossible to avert Black Friday, everything is collapsing, everything will collapse...
But hope abides. In the foreground, wild-eyed and focussed, like in a disaster movie, we see the small gang of the powerful – Sarkozy, Paulson, Merkel, Brown, Trichet and others – trying to extinguish the monetary flames, stuffing tens of billions into the c...