Greek crisis

Article published for the first time at Phàsis. European journal of philosophy

by Marios Emmanouilidis

(The Folding of the Indebted Subjectivity. Outline of a Derivative Govermentality of Debt)


In the present paper1 we embark on an effort to discuss the relation between the temporal modality of financialization and the production of an indebted subjectivity. Capitalism with derivatives2 introduces a different temporal modality, it constitutes a different regime of historicity which is related to a different –special- process of indebted subjectivation. We embark on an effort to research some basic lines of the ways in which the financial practices, and the growing reliance on financial systems of calculation in all facets of social and personal life, are changing the relations between credit, debt and subjectivity. The plasticity, fluidity, horizontality of the modern “surplus’ subject according to the imperatives of neoliberalism (a victory of the spirit of May ‘683), at first glance have nothing to do with the anchored, obedient indebted subject. The flexibility of the subjects, and the possibility of undertaking diversified tactics, constitutes a complicated procedure of freedom and submission. This is a tense cohabitation of two contradictory/ conflicting processes of subjectivation: Read More

by Akis Gavriilidis

Being in Greece the days during and after the last elections, and reading most of the comments written about them abroad, (but also some written within Greece), gives me a feeling of uncanniness, of a discrepancy; to the point that I wonder if these texts are really talking about the same event I have just experienced.

I guess this should come as no surprise, since the situation we are living is extremely multi-faceted and unprecedented, and the models we have at our disposal in order to conceive it and account for it are inadequate. So in this text I am not pretending to give «the real truth» or «the full image» as opposed to a «falsification»; I will just try to provide one additional vantage point from where to read this complexity.

In view of the outcome of the elections, many commentators seem to express a sense of despair for what they perceive as «a macabre affair, conducted in the funeral of Europe’s first radical Left government in a generation». Others, not willing to give up to pessimism, try to delve into the Read More