Jamal Awil

← Cultures of Financialization

All too often in these cases the decay of social values is blamed. [fact]

This is not merely an academic point, and the complaint that the world has become too possessed by economic and materialistic values is not only the property of left-wing malcontents. The neoliberal collapse of all social values into economic value can be heard in churches, mosques and temples around the world, and it is a key plank of new forms of ethnic nationalism and right-wing populism, all of which argue that we need to “return” to a fabled time when (family, religious, national, etc.) values were better aligned. All too often in these cases the decay of social values is blamed on convenient minorities, rather than the broader economic system that is the real cause (see Haiven 2014, 31–35).

Max Haiven, Cultures of Financialization, loc. 348