Monday, 21 November 2016

We all know about the impending catastrophe, but somehow we cannot take it seriously. … While such a disavowal is clearly discernible in how the majority relates to ecological threats, we can discern the same mechanism in the predominant reaction to the prospect of a new financial collapse: it is difficult to really accept that the long period of post-World-War-II progress and stability in the developed Western world is approaching its end. What makes the situation especially volatile is the fact that the disavowal is supplemented by its opposite, excessive panicky reactions: in the fragile domain of financial speculations, rumors can inflate or destroy the value of companies―sometimes even whole economies―in a matter of days.

SLAVOJ ZIZEK http://ift.tt/2fMegfh

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