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September 2011 shattered the ideology of an invincible Wall Street much as September 2001 shattered the illusion of an invulnerable United States. Al… - Jodi Dean
" "September 2011 shattered the ideology of an invincible Wall Street much as September 2001 shattered the illusion of an invulnerable United States. All of a sudden and seemingly out of the blue, people outraged by the fact that "banks got bailed out" and "we got sold out" installed themselves in the financial heart of New York City. Occupying the symbol of capitalist class power, they ruptured it. The ostensible controllers of the global capitalist system, still reeling from the crash of 2008, appeared to have lost control over their own cement neighborhood. Hippies with tents and cops with barricades had turned Lower Manhattan into a chaotic mess. Those seeking to combine the people's work, debts, hopes, and futures into speculative instruments for private profit confronted a visible and actual collective counterforce. There in the power of the people where investment banks and hedge funds had already identified an enormous social surplus, a cadre of the newly active located an inexhaustible political potential. It was like a giant hole had been opened up in the steel and glass citadel of the financial class. Through it, traders, brokers, and market-makers – as well as everybody else – could see the possibility of a world without capitalism. Wall Street was occupied.
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About Jodi Dean
(born April 9, 1962) is an American political theorist and professor in the department at in Geneva, New York state. She has held the position of Erasmus Professor of the Humanities in the Faculty of Philosophy at .
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Neoliberalism designates a particular strategy of class domination that uses the state to promote certain competitive dynamics for the benefit of the very rich. In and Lévy's words, "Neoliberalism is a new stage of capitalism that emerged in the wake of the structural crisis of the 1970s. It expresses the strategy of the capitalist classes in alliance with upper management, specifically financial managers, intending to strengthen their hegemony and expand it globally." Less a strategy for production than for the transfer of wealth to the very rich, neoliberalism places the "need of money . . . over those of production." Pursued through policies of privatization, , and , and buttressed by an ideology of private property, free markets, and , neoliberalism has entailed cuts in taxes for the rich and cuts in protections and benefits for workers and the poor, resulting in an exponential increase in inequality.
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are the first generation of US Americans to have life prospects worse than their parents. The astronomical means that many young people put off the major purchases and life events linked to adulthood in the US -- buying a car or a house, getting married. At the same time, in highly populated cities like San Francisco, LA, Seattle, and NYC, rents are out of control. And we don’t have national healthcare. So paying for the basics of everyday life has become impossible. And we are told repeatedly that is in crisis and won’t survive. As one young person told me: 'My retirement program is socialism'.
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