There should no longer be any doubt: global capitalism is fast approaching its terminal crisis. Slavoj Žižek has identified the four horsemen of this coming apocalypse: the worldwide ecological crisis; imbalances within the economic system; the biogenetic revolution; and exploding social divisions and ruptures. But, he asks, if the end of capitalism seems to many like the end of the world, how is it possible for Western society to face up to the end times?
In a major new analysis of our global situation, Žižek argues that our collective responses to economic Armageddon correspond to the stages of grief: ideological denial, explosions of anger and attempts at bargaining, followed by depression and withdrawal.
For this edition, Žižek has written a long afterword that leaves almost no subject untouched, from WikiLeaks to the nature of the Chinese Communist Party.
In a recent piece for In These Times Slavoj Žižek reflects on the outcome of the Greek elections on the 17th of June, analysing how Syriza, the radical left coalition, came close to smashing the entire set of the European Union’s crockery. Dismissing the EU’s austerity measures as nonsense, Žižek says:
So why does Brussels impose these plans? What matters in contemporary capitalism is that agents act upon their putative beliefs about future prospects, regardless of whether they really believe in those prospects. And, as we also all know, the true aim of these rescue measures is not to save Greece, but to save the European banks.
To illustrate the mistake of enacting austerity measures as the main strategy to combat the crisis, Paul Krugman often compares them to the medieval cure of blood-letting. That’s a nice metaphor that should be radicalized even further. The European financial doctors, who are themselves not sure about how the medicine works, are using the Greeks as test rabbits and letting their blood, not the blood of their own countries. There is no blood-letting for the great German and French banks—on the contrary, they are getting continuous and enormous transfusions.
Slavoj Zizek in an interview for Germany's Deutsche Welle television, talking about Occupy, communism and the need for a reinvention of democracy.