Friday, February 21, 2020

MoneyWisdom #456

"...neoliberal authoritarianism dominated the space of divination in contemporary culture. At the heart of neoliberalism is a divinatory practice, a political theology that identifies arbitrary, unforseeable changes in market conditions with divinely ordained order. This ideology justifies austerity, the maintenance of debts, and even ecological devastation, reading them as cosmic inevitabilities it is irrational to question. The reading of markets as destiny is a form of divination, one that trades upon a deep equivocation between knowledge and ignorance, where knowledge of market forces had become identical to effective surrender... ...to the unknowable and unpredictable movements of markets."

Joshua Ramey The Politics of Divination (2016) p.6