Adam Kotsko, "Neoliberalism's Demons: On the Political Theology of Late Capital" (Stanford UP, 2018)
Nov 25, 2020
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Adam Kotsko discusses neoliberalism's political theology, emphasizing self-denial's role in mystifying neoliberalism. He challenges the economics-politics dichotomy and highlights how neoliberalism assigns blame to those who fail. The podcast delves into the pervasiveness of neoliberalism in society, its impact on inequality, and collaborations between neoliberals and neoconservatives. It also explores the historical ties between the religious right and capitalism, tracing the evolution of neoliberalism through phases and analyzing Trumpism's alignment with neoliberalism.
Neoliberalism uses Christian morality to blame failure, uniting economics and politics.
Obamacare reflects neoliberal strategies by mandating market participation for insurance.
Political theology in neoliberalism expands beyond sovereignty, intertwining with economics.
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Adam Kotsko's Inspiration for 'Neoliberalism's Demons'
Adam Kotsko shares how his book 'Neoliberalism's Demons' originated from a unique inquiry initiated on Facebook. His growing interest in neoliberalism coincided with a project on the concept of the devil. This unusual combination resulted in a transformational journey that led him to explore the interplay between neoliberalism and the socio-political landscape, especially after unexpected events like Trump's presidency.
'Neoliberalism Defined'
Adam Kotsko delves into the essence of neoliberalism, highlighting its roots in the late '70s political and economic agenda. Neoliberalism seeks to reshape society along competitive free market lines, intertwining elements such as breaking union power and privatizing public assets. Kotsko discusses how Obamacare exemplifies neoliberal strategies by mandating participation in the insurance market, reflecting the state's active role in fostering and maintaining markets.
Influence of Neoliberalism on Political Theology
Kotsko explores the link between political theology and neoliberalism, drawing from Carl Schmidt's insights on the parallels between political and theological structures. He emphasizes a broader vision of political theology intertwining with economics, highlighting a shift from traditional sovereignty focus to a more extensive exploration of theological roots in various societal aspects beyond sovereignty.
Combating Neoliberalism's Consequences
Kotsko navigates through the adversarial phases of neoliberalism, from the combative era of Reagan and Thatcher to the punitive aftermath post-financial crisis. He reflects on the ambiguous relationship between neoliberalism and electoral democracy, pointing out the challenges faced in distinguishing political ideologies to counteract neoliberal encroachment with a potential left-wing alternative originating beyond the US for substantial change.
It’s hard to avoid conversations about ‘neoliberalism’ these days. The meaning of the term—indeed its very existence—is hotly contested. Adam Kotsko argues in Neoliberalism’s Demons: On the Political Theology of Late Capital (Stanford University Press, 2018) that self-denial is part of the mystifying agenda of neoliberalism itself. Not only is neoliberalism real, it’s the defining ethos of modernity.
Neoliberalism’s Demons posits we can best understand neoliberalism through the lens of political theology. Kotsko challenges the dichotomy of economics and politics, suggesting that neoliberalism permeates and unites these two. It does so by importing the moral schema of Christianity which creates the conditions for failure for the express purpose of assigning blame to those who fail. Neoliberalism’s Demons is a concise and persuasive account of the political, economic, and moral universe we inhabit, and is therefore essential reading for anyone who seeks to understand their own condition.