The Financial Subject Supposed to Know

The Financial Subject Supposed to Know

Jacques-Alain Miller on the financial crisis:

However, the financial subject supposed to know was already quite subdued because of deregulation. And this happened because the financial world believed, in its infatuated delusion, to be able to work things out without the function of the subject supposed to know. Firstly, the real state assets become waste. Secondly, gradually shit permeates everything. Thirdly, there is a gigantic negative transfer vis-à-vis the authorities; the electric shock of the Paulson/Bernanke plan angers the public: the crisis is one of trust; and it will last till the subject supposed to know is reconstructed. This will come in the long term by way of a new set of Bretton Woods accords, a council enjoined to speak the truth about the truth.