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Postmodernism, the Academic Left, and the Crisis of Capitalism

Rechtenwalk, Michael
http://insurgentnotes.com/2013/03/postmodernism-the-academic-left-and-the-crisis-of-capitalism/

Publisher:  Insurgent Notes
Date Written:  11/03/2013
Year Published:  2013  
Resource Type:  Article

Over the past fifty years, postmodern theory — an umbrella term generally used to refer to such diverse theoretical movements and paradigms as post-structuralism, Lacanian psychoanalysis, deconstruction, and others — has generally dominated most fields in the humanities and some in the social sciences. But the economic meltdown in 2008 and the subsequent chronic crisis in capitalism have dealt a fatal theoretical blow to the varied and nearly ineffable assemblage of perspectives that are often grouped under the rubric of “postmodernism.” postmodernism was indeed tragedy. It was tragedy for the massive amounts of “cultural capital” that it wasted; it was tragedy for the defrauding of intellectual integrity that it represented; it was tragedy for the abandonment of reality that it recommended. Further, like the financial fiasco, it was criminal.

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