The Great Celebration of liberals coming to love capitalism has ugly consequences.
Author Archive for: masaccio
About Ed Walker
Notre Dame undergrad (math); JD, Indiana University at Bloomington; 1st Lieutenant, US Army.; private practice in corporate and securities law; Assistant AG in Tennessee for consumer protection and securities; Blue Sky Securities Commissioner, Tennessee; private practice, bankruptcy and corporate law.
I have had a lifelong interest in economics. For most of my career, that interest was practical, focused on the problems in front of me. Lately I have been more interested in economics as a theory, especially its impact on the lives of people like those I met in my bankruptcy practice, and on the politics of money in the US. I also enjoy reading philosophers, starting in college and steadily expanding my reading ever since. I wrote at FireDogLake for a number of years.
Generally, I think the problem facing the US is the dominance of neoliberal discourse. I think it clouds the vision, and limits the kinds of problems that can be identified and solved. For example, the existence and danger of climate change can easily be identified in a scientific discussion. However, the problem does not fit the neoliberal discourse because science insists that the pursuit of individual and corporate self-interest will lead to devastation. In neoliberal discourse, the pursuit of self-interest always leads to Eden.
The neoliberal project has two prongs. One is the police function of crushing dissent and alternative views. The police function is provided by government agencies and private and institutional actors. The counterpart is the economic system , which is operated by government and by private and institutional actors. Some of these actors operate in both spheres. I focus on the second prong.
Entries by Ed Walker
The production of culture is largely under the control of corporations and institutions. Brain workers do not control their own production.
How big is the bezzle? Economists don’t want to know.
Brief reflections on my series on Trumpian Motion.
Crackpots love Trumpian Motion.
The rich allow Trumpian Motion to rattle us because it benefits them personally.
Centrists haven’t figured out that their habitus isn’t working, let alone how to change.
Even if you don’t want to pay attention, the threatening noise and action are everywhere.
This post describes the term symbolic violence as used by Pierre Bourdieu as “… the capacity to impose the means for comprehending and adapting to the social world by representing economic and political power in disguised, taken-for-granted forms.“ This means that some people have the ability to impose their own preferred ideology on the rest […]
The exercise of power requires justification. Symbolic capital provides validation.