Jamal Awil

← The Morals of the Market

Such is the jungle of economic life. [definitional]

In extolling Chile's political miracle, Friedman argued that a free market, unlike a military structure, is typified by dispersed authority – 'bargaining, not submission to orders, is the watchword'. But submission remained central to his account of the market. Economic pain (like physical torture) was designed to break the political subjectivities that led people to resist the 'fate' doled out by the market. Everyone in this country was 'educated in weakness', minister of the economy Baraona warned; 'to educate them in strength it is necessary to pay the price of temporary unemployment, of bankruptcies'. When asked about the high bankruptcy rate, junta member Admiral Merino concurred: 'Let fall those who must fall', he said. 'Such is the jungle of economic life. A jungle of savage beasts, where he who can kill the one next to him, kills him. That is reality.' Such statements were a long way from the myth of the sweetness of commerce, but they were not far divorced from the tenets of the neoliberal market, for which, as Michel Foucault has stressed, the central principle was not exchange but competition, with its systematic production of winners and losers. Weakening solidarity and creating competitive subjects was central to what Pinochet identified as the junta's ultimate goal: 'not to make Chile a nation of proletarians, but a nation of entrepreneurs'.

Jessica Whyte, The Morals of the Market, loc. 334