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To each according to his greed

Zizek, Slavoj (2009) To each according to his greed. Harpers (1913), pp. 15-17. ISSN 0017-789X.

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Official URL: http://www.harpers.org/archive/2009/10/0082658

Abstract

The only truly surprising thing about the 2008 financial meltdown is how easily the idea was accepted that its happening was unpredictable. Recall the demonstrations that throughout the last decade regularly accompanied meetings of the International Monetary Fund and the World Bank: the protesters’ complaints encompassed not only the usual antiglobalization motifs (the growing exploitation of Third World countries, etc.) but also how the banks were creating the illusion of growth by playing with fictional money and how this would all have to end in a crash. It was not only economists such as Paul Krugman and Joseph Stiglitz who warned of the dangers ahead and made it clear that those who promised continuous growth did not really understand what was going on under their noses. In Washington in 2000, so many people demonstrated about the danger of a financial collapse that the city had to mobilize 3,500 local policemen. What ensued was tear–gassing, clubbing, and mass arrests. The police were used to stifle the truth.

Item Type: Article
School or Research Centre: Birkbeck Schools and Research Centres > School of Social Sciences, History and Philosophy > Philosophy
Depositing User: Administrator
Date Deposited: 13 May 2011 08:30
Last Modified: 17 Apr 2013 12:18
URI: http://eprints.bbk.ac.uk/id/eprint/2269

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