Virilio in [Obama’s] America


More musings on the economic state of things–this time from the perspective of Virilio.  In a sort of (maybe) interesting article –with the inexplicable title “City of Transformation: Virilio in Obama’s America”– Arthur and Marilouise Kroker ask if “we are beyond Speed and Politics:”

Economists are quoted as saying the financial crisis effects “everyone on earth.” Is this Virilio’s “global accident?” Quite certainly it is panic finance: that moment when the credit mechanisms necessary for capitalist liquidity slam shut, a time made to measure for Virilio’s brilliant theory of bunker archeology, with each bank its own toxic bunker of junk assets, each banker a born again socialist. For example, always vigilant automatic circuit breakers working in the darkness of night recently prevented a global plunge of the futures market. Allan Greenspan throws up his hands, exclaiming “I’m in shocked disbelief.” Continue reading

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