agency,Debt,Greek crisis

The Temporal Modality of Financialization and the Indebted Subjectivity. Searching for Ruptures

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: Συνέχεια


SYRIZA (and Podemos): “populist inclusion” or interruption of representation?

by Akis Gavriilidis

When it comes to describe and explain what SYRIZA stands for, in the discourse of mainstream media, analysts and politicians in the rest of Europe (occasionally in Greece as well), the term “populist” comes handy and figures prominently. The same epithet is also attached to Spain’s Podemos.

This description is of course a clear example of “how to do things with words”, since it “objectively” creates associations with such depreciatory labels as “nationalist/ anti-European”, even when these are not uttered. (A comparable, and more ambitious, re-signification effort has been lately undertaken, with success, concerning the term “radicalization”, which by now has been practically turned into a synonym of «adherence to Djihadism»).

To my knowledge, the most serious and interesting challenge to this linguistic politics has been the intervention of Yannis Stavrakakis, a political theorist formed in the tradition of the so called Essex school and a collaborator of Ernesto Laclau’s. For the past three or four years, Stavrakakis has been providing extensive and robust argumentation against the uni-dimensional stigmatizing use of “populism” and Συνέχεια