Saturday, September 3, 2022

Money Wisdom #501

 "Neoliberalism recasts the moral/immoral distinction as a rational/irrational one, reinforcing the bonds between economic and psychiatric rationality. As national economies continue to lurch between inflation and recession in the twenty-first century, the question of how much credit-fuelled spending is rational or irrational, healthy or unhealthy, for any nation at any given moment continues to divide economists, just as the question of how much shopping might be rational or irrational, healthy or pathological, for any individual divides psychiatrists."

David Bennett The Currency of Desire (2016) p.121