Still working on my Foucault paper. It'll attempt to be a Foucaultian analysis of the subprime financial meltdown. Here's a brief summary. Stay tuned for more!
The neoliberalism beginning in the late 70s and gaining steam in the Reagan/Thatcher years was a technology of power that boasted of increased freedom but which actually increased subjection. The deregulation of neoliberalism, a prima facie reading of which would yield increased egalitarianism, actually resulted in increased income polarization. This came to manifest itself in the technological trap of the subprime financial crisis.