On Financial Crisis

October 29, 2008
From time to time I will create posts by using clipmarks. The first clip is about the Financial Crisis as seen by Jacques-Alain Miller. The full version of this excerpt can be found at: http://www.lacan.com/symptom/?page_id=299
clipped from content2.clipmarks.com

the thrust to save speculates openly on death, the fear of the disease, the desire to be perpetuated in the offspring. But there is also the thrust to borrow if I may say so, with immediate consumption as the supreme correlative, the unrestrained expenditure. And, then, there is the thrust to money for money sake, the pure pleasure of hoarding it. Death, jouissance, and repetition, these are the three sides of a pyramid which base is given by the unconscious nature of money: and here we are dealing with the anal object. What do we see in this moment of truth about the financial crisis we are in? That it is worthless; that money is like shit! Here is the real which unsettles all discourses. One calls that, politely, “the toxic assets”… Benedict XVI, always sharp, was expeditious in capitalizing on the financial crisis: “This proves,” he said, “that all is vanity, and only the word of God holds out! ”
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