Postmodern Money Theory! (Part 3)

Published: May 17, 2023, 11 p.m.

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In the third installment of Superstructure\\u2019s \\u201cPostmodern Money Theory!\\u201d series, Rob Hawkes and Scott Ferguson wrap up their discussion of B.S. Johnson\\u2019s novella, Christie Malry\\u2019s Own Double-Entry, which self-consciously weaves money and accounting into the very fabric of literary form. Rob and Scott tease out the text\\u2019s lingering potentials and blindspots in order to problematize dominant forms of political economic and aesthetic critique. \\xa0 (Click the following links for Part 1 and Part 2.)

To start, our co-hosts zero in on the book\\u2019s estrangement of taxation. Characterizing taxation as a zero-sum game that breeds extreme pettiness, resentment, and violence, the book critically distances itself from orthodox visions of money, while providing only faint hints of possible alternatives. Next, Rob and Scott read Christie Malry\\u2019s generative tensions alongside two misleading tendencies in critical theory, both of which are predicated on the false barter story of money\\u2019s origins.\\xa0

The first tendency links the end of gold standards to the rise of modernism and postmodernism, respectively. Advanced by the likes of Jean-Joseph Goux, Jean Baudrillard, and Fredric Jameson, this expressly lapsarian tendency frets an absolute volatilization of forms and values across political economy and aesthetics, rather than affirming a contestable and imaginative politics of public inscription unencumbered by legally sanctioned austerities and inequalities.\\xa0

The second tendency, meanwhile, casts the orthodox problem of dyadic exchange in terms of debt and credit. From Friedrich Nietzsche to David Graeber, this discourse reduces debt to narrow oppositions between domination and freedom, while foreclosing credit\\u2019s collective and always disputable caretaking capacities. Although both impulses inform Christy Malry\\u2019s construction, Rob and Scott underscore the ways that Johnson\\u2019s constant formal experimentation subtly reframes and exceeds these tendencies\\u2019 erroneous totalizing judgments. \\xa0

Finally, Rob and Scott uncover money\\u2019s repressed public foundations and alternatives in Christy Malry\\u2019s allegorical conclusion. Working to redeem Johnson\\u2019s unrealized longings for socialism, the co-hosts consider the text\\u2019s enigmatic appeals to credit overdrafts and debt write-offs in relation to its tragicomic play on Christ\\u2019s sacrificial death.

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Music: \\u201cYum\\u201d from \\u201cThis Would Be Funny If It Were Happening To Anyone But Me\\u201d EP by flirting.

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