Archive for January 1st, 2023
Reading: The Making of the Indebted Man (note 3)
From Chapter 3 “The Ascendency of Debt in Neoliberalism,” The Making of the Indebted Man by Maurizio Lazzarato
The increase in psychologists’, sociologists’, and other ‘self-help’ experts’ interventions, the creation of ‘coaching’ for better-off workers and obligatory individual monitoring for the poor and unemployed, the explosion of ‘care of the self’ techniques in society – these are symptoms of the new forms of individual government, which include, above all, the shaping of subjectivity.
Pg. 95
Biopolitical Power
A massive transfer of revenue to business and the wealthiest and an expansion of deficits due to fiscal policies, deficits which have in turn become a source of revenuer creditors being State debt. The ‘virtuous circle’ of the debt economy is thus complete.
Pg. 103
Unlike what happens on financial markets, the beneficiary as ‘debtor’ is not expected to reimburse in actual money but rather in conduct, attitudes, ways of behaving, plans, subjective commitments, the time devoted to finding a job, the time used for conforming oneself to the criteria dictated to finding a job, the time used for conforming oneself to the criteria dictated by the market and business, etc. Debt directly entails life discipline and a way of life that requires ‘work on the self,’ a permanent negotiation with oneself, a specific form of the subjectivity: that of the indebted man.
Pg. 104
Power relations that crystallized around May ’68 has led to the creation of a power bloc acting – often by trial and error – on different mechanisms of power at the same time (at times favoring the market, at other business or the State).
Pg. 106
Governmentally has produced a collective capitalist – as Lenin would put it – which is not concentrated in finance, but operates throughout business, administration, service industries, political parties, the media, and the university. This political subjectivation provides capitalists with the same education, the same vision of the economy and society, the same vocabulary, the same methods, in short, the same politics.
Pg. 108