By Anita Chari
Anita Chari revives the most important inspiration of reification from Marx and the Frankfurt college to focus on the resistance to neoliberal capitalism now forming on the point of political economic system and the extra sensate, experiential point of subjective transformation. analyzing paintings through Oliver Ressler, Zanny Begg, Claire Fontaine, Jason Lazarus, and Mika Rottenberg, in addition to the politics of Occupy Wall road, Chari identifies practices during which artists and activists have challenged neoliberalism's social and political logics. via positioning the topic in uncomfortable or very unlikely destinations of hope, functional orientation, and statement, such practices reveal neoliberal capitalism's inherent tensions and contradictions.
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Additional resources for A Political Economy of the Senses: Neoliberalism, Reification, Critique (New Directions in Critical Theory)
It is crucially important to see that deregulation does not actually remove the state’s inﬂuence on the economy, it simply changes the form in which the state impacts the economy and renders the relationship between the state and economy increasingly opaque. As Cerny argues, “Deregulation must not be seen just as the lifting of old regulations, but also as the formulation of new regulatory structures which are designed to cope with, and even to anticipate, shifts in competitive advantage. Furthermore, these new regulatory structures are often designed to enforce global market-rational economic and political behavior on rigid and inﬂexible private sector actors as well as on state actors and agencies” (264).
In addition, liberal formalism is based upon a sociological premise that also has normative implications: the separation of the economic and political spheres. While liberal formalism had important emancipatory eﬀects in earlier phases of capitalism, in the context of neoliberal transformations of the relationship between economics and politics it functions in a paradoxical way that is no longer suﬃcient to critique neoliberal domination. Formalistic and ahistorical theories of politics that see the categories of economics and politics as fundamentally bounded will be unable to account for the ﬂuidity of the relationship between economics and politics in neoliberalism or the neoliberal state’s ambivalent relationship to the economy.
39 The Fed circumvented this dilemma by turning to monetary policy as the means through which to 30 N EO LI B ER AL SY M P TO M S manipulate the economy from afar. By presenting the implementation of monetary policy as apolitical and technical, even as interest rates were a crucial factor in shaping social distribution, the Fed thereby avoided responsibility for the distributional and social consequences of the economic policies it pursued. S. governmental policy in the 1970s sought to represent it as apolitical.