Saturday, March 12, 2011

Mike Foxtrot Takes on Wall Street's Charlie Foxtrot

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.

No comments:

Post a Comment