The Condition of Postmodernity 13 - autonomous learning
The Condition of Postmodernity 13 - autonomous learning The Condition of Postmodernity 13 - autonomous learning
Economics with mirrors 335100 - (a)90 -80 -70 -80 -70 -allegiance in more convincing tones. The voices of the homelesssadly went unheard in a world 'cluttered with illusion, fantasy andpretence.'.,.Vl::J60 -50 -40 -30 -'0 20 -'"c,g 10 -iil 0 - I I I1960 1970 1980 198760 -50 -40 -30 -20 -10-% 0- I1960 1970I I I1980 198740 - (e)160 -(d)30 -120 -20 -.,.Vl::J'0 10 -'"c,giil0 - I I I1960 1970 1980 1987'" 80 -l':co.!:'"'0 40 -'"c 0-1960 19701980 1987II400 (f)'1 8 160 (e) 120 - 80 -.____'-""x40 - 0 I I I I I I1960 1970 1980 19873603202802402000 1600; 1 20,...,...80Cllx40 OJ"C.f 01960 19701980 1987Figure 4.1 The speculative world of voodoo economics 1960-1987:(a) nominal interest payments for us non-financial corporations(Source: Department of Commerce)(b) nominal interest payments as percentage of pre-tax profits in the UnitedStates(Source: Department of Commerce)(c) total capital of New York Stock Exchange firms(Source: New York Times)(d) daily trading volume on the New York Stock Exchange(Source: New York Times)(e) index of us manufa cturing production (after Harrison and Bluestone,1988)if) index offutures trading volume in New York (after Harrison andBluestone, 1988)
21Postmodernism as the mIrror ofmIrrorsPostmodernism as the mirror of mirrors 337vlSlon', except as a passive depiction of otherness, alienation andcontingency within the human condition. When 'poverty and homelessnessare served up for aesthetic pleasure', then ethics is indeedsubmerged by aesthetics, inviting, thereby, the bitter harvest ofcharismatic politics and ideological extremism.If there is a meta-theory with which to embrace all these gyrationsof postmodern thinking and cultural production, then why shouldwe not deploy it?One of the prime conditions of postmodernity is that no one can orshould discuss it as a historical-geographical condition. It is nevereasy, of course, to construct a critical assessment of a condition thatis overwhelmingly present. The terms of debate, description, andrepresentation are often so circumscribed that there seems to be noescape from evaluations that are anything other than self-referential.It is conventional these days, for example, to dismiss out of hand anysuggestion that the 'economy' (however that vague word is understood)might be determinant of cultural life even in (as Engels andlater Althusser suggested) 'the last instance.' The odd thing aboutpostmodern cultural production is how much sheer profit-seeking isdeterminant in the first instance.Post modernism has come of age in the midst of this climate ofvoodoo economics, of political image construction and deployment,and of new social class formation. That there is some connectionbetween this postmodernist burst and the image-making of RonaldReagan, the attempt to deconstruct traditional institutions of working-classpower (the trade unions and the political parties of theleft), the masking of the social effects of the economic politics ofprivilege, ought to be evident enough. A rhetoric that justifies homelessness,unemployment, increasing impoverishment, disempowerment,and the like by appeal to supposedly traditional values of selfrelianceand entrepreneurial ism will just as freely laud the shift fromethics to aesthetics as its dominant value system. The street scenes ofimpoverishment, disempowerment, graffiti and decay become gristfor the cultural producers' mill, not, as Deutsche and Ryan (1984)point out, in the muckraking reformist style of the late nineteenthcentury, but as a quaint and swirling backdrop (as in Blade Runner)upon which no social commentary is to be made. 'Once the poorbecome aestheticized, poverty itself moves out of our field of social
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Economics with mirrors 335100 - (a)90 -80 -70 -80 -70 -allegiance in more convincing tones. <strong>The</strong> voices <strong>of</strong> the homelesssadly went unheard in a world 'cluttered with illusion, fantasy andpretence.'.,.Vl::J60 -50 -40 -30 -'0 20 -'"c,g 10 -iil 0 - I I I1960 1970 1980 198760 -50 -40 -30 -20 -10-% 0- I1960 1970I I I1980 198740 - (e)160 -(d)30 -120 -20 -.,.Vl::J'0 10 -'"c,giil0 - I I I1960 1970 1980 1987'" 80 -l':co.!:'"'0 40 -'"c 0-1960 19701980 1987II400 (f)'1 8 160 (e) 120 - 80 -.____'-""x40 - 0 I I I I I I1960 1970 1980 19873603202802402000 1600; 1 20,...,...80Cllx40 OJ"C.f 01960 19701980 1987Figure 4.1 <strong>The</strong> speculative world <strong>of</strong> voodoo economics 1960-1987:(a) nominal interest payments for us non-financial corporations(Source: Department <strong>of</strong> Commerce)(b) nominal interest payments as percentage <strong>of</strong> pre-tax pr<strong>of</strong>its in the UnitedStates(Source: Department <strong>of</strong> Commerce)(c) total capital <strong>of</strong> New York Stock Exchange firms(Source: New York Times)(d) daily trading volume on the New York Stock Exchange(Source: New York Times)(e) index <strong>of</strong> us manufa cturing production (after Harrison and Bluestone,1988)if) index <strong>of</strong>futures trading volume in New York (after Harrison andBluestone, 1988)
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