on the financial crisis



Alain Badiou
'dan

Of Which Real is this Crisis the Spectacle?

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....>

Paul Virilio'dan

on the financial crisis

Gerard Courtois/Michel Guerrin:
In 2002 you have produced an exhibition at the Maison Cartier under the
title “Ce qui arrive” (’that what occurs’); It was about the accident in
contemporary history: Tchernobyl, 9-11, the Tsunami… A statement by
Hannah Arendt was the marker of your demonstration: “progress and
catastrophe are the two faces of the same coin”. Is this where we have
come to with the ‘crash of the stock exchange’?

Paul Virilio:
Well, of course. In 1979, at the time of the mishap at the Three Mile
Island nuclear plant in the U.S., I did mention the occurence of an
“original accident” - the kind of accident we bring forth ourselves. I
said that our technical prowess was pregnant of catastrophic promises.
In the past, accidents were local affairs. With Tchernobyl, we have
entered the era of global accidents, whose consequences are in the realm
of the long term. the current crash represents the perfect ‘integral
accident’.Its effects ripple far and wide, and it incorporates the representation
of all other accidents
....>


Brian Holmes is speaking for Democracy in America: The National Campaign



FINANCIAL CRIMES

The hardest thing for an American to remember is that there are better ways of living in the world. The first reason why this is so hard to remember is that throughout your existence the government and the corporations have been telling you the American way of life is simply the best there is. And the second reason is that throughout your experience you’ve seen how this one best way of life inexorably divides the winners from the losers, leaving wreckage in its wake and producing monsters on both sides of the divide. The hardest thing for an American with a conscience is not to wake up every day feeling cynical to the core. But there are better ways of life, that allow people to take care of each other, to avoid war and destruction, to recognize necessary limits and to organize social relations for the common good....>


David Harvey
is speaking for Democracy in America: Between Financial Crisis and Urban Crisis


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