1. Jamie Peck, Constructions of Neoliberal Reason (Oxford University Press, 2010)
Countless books have been written on the nature of neoliberalism. In my opinion, this one is the best of the lot. Much of the critical literature on neoliberalism presents it as omnipotent and one-dimensional – as a hegemonic class project or a mysterious deus ex-machina that relentlessly hollows out the state and marketizes all forms of social existence. Peck distances himself from such representations, providing a detailed and nuanced genealogy of neoliberalism, which emphasises its diverse sources, its internal incoherence, and its ceaseless transformation in response to repeated crises. Peck distinguishes two phases of the neoliberal project: first there was the ‘roll back neoliberalism’ of Thatcherism, Reaganomics, shock therapy, and the Washington Consensus, which sought to roll back the interventionist state and allow market society to spontaneously flourish. When this failed to achieve the desired results, it was replaced by ‘roll-out neoliberalism’, which aimed to compensate for the multiple ‘market failures’ of the roll-back phase, through the rolling out of an increasingly comprehensive set of social reforms and institutional modifications that remained faithful to neoliberal fundamentals. Hence the Post-Washington Consensus of the World Bank, the Third Way of the Blair and Clinton era, as well as numerous subsequent iterations of the roll-back/roll-out dialectic. Peck therefore insists that “it is necessary to recognize the free-market project’s adaptive (and co-optive) capacities, rather than relying on cartoon-like versions of its supposedly invariant essence’ (p. 276). This argument helped me to understand Jeffrey Sachs’s transformation from Dr Shock into Mr Aid, not as a ‘road to Damascus’ rejection of neoliberalism, but as a transition that remained internal to the trajectory of neoliberalism itself.
Thanks, Rainn Wilson, I'll never again be able to look at Žižek without thinking of Zach Galifianakis.
But Žižek is funnier.
Also, Mr. Wilson: pot/kettle?