by Torchwood » Sat Nov 27, 2010 11:16 pm
Is this the same Slavoj Zizek who openly describes himself as the last Communist, and writes post-modernist rubbish on deconstructionism, and is a pin up of the radical left? If you can understand his , let alone critique it, well done.
That is a good article, however. Forget the laughable "real socialism has never been tried" cant which I suspect he adheres to (Endo, where are you?). There is a plausible argument, however, that in the brutal realities of the world, democracy is a façade and the choice is between the tyranny of money and the tyranny of administrative power. So it is not surprising, in this view, that the bankers emerged unscathed and unpunished from the recent debacle in the West.
Despite that, the tyranny of money has proved far less oppressive than the tyranny of administrative power, and more efficient. It does not care greatly what you say or think, and as for challenging its power, it is very effective at co-opting and absorbing. China is trying to walk the tightrope of using the power and flexibility of money while retaining the privilege of administrative power. The latter certainly won this past round, as money overreached itself.
The tightrope can be walked - it is called the social democratic state - but to do so the latter must be subject to the rule of law. That is pretty imperfect in democracies, but its absence in China implies inevitable gross corruption. China has never been a state of law in the Western sense, only of administrative justice, compatible with its Confucian past as well as its Communist one. They are well aware, however, that one of the great victories of money was over Japan during the bubble economy . No wonder they resist currency appreciation, capital liberalisation etc., but then they started playing money's game, didn't they?
Pessimism is the soft option.