Steven Shaviro, who blogs at The Pinocchio Theory, has written an excellent piece on the Global Financial Crisis. Shaviro captures how capitalism is lived – and how it produces a demeanour of fatalism. He emphasises the way in which the economy constructs itself as natural, and in so doing, acts as something which is quite inimical to the freedom it is supposed to foster.
There are some juicy quotes from Hayek in Shaviro’s piece. The market, Hayek wrote, subjects “man” [sic] to “the bitter necessity of submitting himself to rules he does not like in order to maintain himself against competing groups.” We are “force[d] to be free”, according to Hayek.
Shaviro’s is the sort of critique of neo-liberalism Kevin Rudd would never write.
It makes clear the deep continuity between the project of neo-liberals such as Hayek and the Enlightenment urge to control and discipline – to remake new humans who are ‘rational’, and thus ‘free’. It would be interesting to compare the sorts of dispositions and attitudes which underlie this logic of governmentality with those of Soviet Marxism.
The real question here is the one of our relation, as individuals, to the economy as a whole — or to the so-called “free market.” We are told that the market is made of individuals just like us. We are told that it consists in nothing more, and nothing less, than the summation of billions of decisions made by billions of autonomous individuals, each of us making choices for ourselves. And yet, we actually experience the market as a vast, ineluctable force. It feels like something entirely alien to us, over which we have no power, and from which there can be no appeal. This is why economic catastrophe is something invisible, impalpable: it affects every aspect of our lives, yet we are unable to “see” it in itself, to discern it as an actual force, behind its all-too-evident effects.
At one stage, having read a lecture by Mark Davis in 
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