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Financial fantasy documents and public learning: the case of the U.S. Financial Crisis Inquiry Report

Chapter


Abstract


  • [extract] This chapter looks at the interplay between fantasy and the United States variant

    of financialised capitalism. The quotation immediately above serves as the springboard

    to our discussion. Consistent with their materialism, Deleuze and Guattari

    (2009) argue in their masterwork Anti-Oedipus that "it is not possible to attribute a

    special form of existence to desire, a mental or psychic reality that is presumably different

    from the material reality of social production'' (p. 30). Desire permeates the

    social field; it is just as "present" in flows of money capital as it is in seminal flows.

    The corollary is that "fantasy is never individual: it is group fantasy"; simply put,

    fantasies are "secondary expressions" of how desire manifests in social production

    and its specifically capitalist forms (Deleuze & Guattari, p. 30, emphasis omitted).

Publication Date


  • 2015

Citation


  • Reveley, J. & Singleton, J. (2015). Financial fantasy documents and public learning: the case of the U.S. Financial Crisis Inquiry Report. In M. A. Peters, J. A. Paraskeva & T. Besley (Eds.), The Global Financial Crisis and Educational Restructuring (pp. 165-176). New York: Peter Lang Publishing, Inc..

International Standard Book Number (isbn) 13


  • 9781433125409

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/776

Book Title


  • The Global Financial Crisis and Educational Restructuring

Start Page


  • 165

End Page


  • 176

Place Of Publication


  • New York

Abstract


  • [extract] This chapter looks at the interplay between fantasy and the United States variant

    of financialised capitalism. The quotation immediately above serves as the springboard

    to our discussion. Consistent with their materialism, Deleuze and Guattari

    (2009) argue in their masterwork Anti-Oedipus that "it is not possible to attribute a

    special form of existence to desire, a mental or psychic reality that is presumably different

    from the material reality of social production'' (p. 30). Desire permeates the

    social field; it is just as "present" in flows of money capital as it is in seminal flows.

    The corollary is that "fantasy is never individual: it is group fantasy"; simply put,

    fantasies are "secondary expressions" of how desire manifests in social production

    and its specifically capitalist forms (Deleuze & Guattari, p. 30, emphasis omitted).

Publication Date


  • 2015

Citation


  • Reveley, J. & Singleton, J. (2015). Financial fantasy documents and public learning: the case of the U.S. Financial Crisis Inquiry Report. In M. A. Peters, J. A. Paraskeva & T. Besley (Eds.), The Global Financial Crisis and Educational Restructuring (pp. 165-176). New York: Peter Lang Publishing, Inc..

International Standard Book Number (isbn) 13


  • 9781433125409

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/776

Book Title


  • The Global Financial Crisis and Educational Restructuring

Start Page


  • 165

End Page


  • 176

Place Of Publication


  • New York