Author and scholar, Henry Giroux joined Bill Moyer, to discuss his book Zombie Politics and Culture in the Age of Casino Capitalism which describes how [our current system is informed by a “machinery of social and civil death” that chills “any vestige of a robust democracy.”
Giroux explains that such a machine turns “people who are basically so caught up with surviving that they become like the walking dead – they lose their sense of agency, they lose their homes, they lose their jobs.”
What’s more, Giroux points out, the system that creates this vacuum has little to do with expanding the meaning and the substance of democracy itself. Under “casino capitalism,” the goal is to get a quick return, taking advantage of a kind of logic in which the only thing that drives us is to put as much money as we can into a slot machine and hope we walk out with our wallets overflowing.
The full transcript can be read here
Henry Giroux: Well, for me democracy is too important to allow it to be undermined in a way in which every vital institution that matters from the political process to the schools to the inequalities that, to the money being put into politics, I mean, all those things that make a democracy viable are in crisis.
And the problem is the crisis, while we recognize in many ways is associated increasingly with the economic system, what we haven’t gotten yet is that it should be accompanied by a crisis of ideas, that the stories that are being told about democracy are really about the swindle of fulfillment.
The swindle of fulfillment in that what the reigning elite in all of their diversity now tell the American people if not the rest of the world is that democracy is an excess. It doesn’t really matter anymore, that we don’t need social provisions, we don’t need the welfare state, that the survival of the fittest is all that matters, that in fact society should mimic those values in ways that suggest a new narrative.
I mean you have a consolidation of power that is so overwhelming, not just in its ability to control resources and drive the economy and redistribute wealth upward, but basically to provide the most fraudulent definition of what a democracy should be.
I mean, the notion that profit making is the essence of democracy, the notion that economics is divorced from ethics, the notion that the only obligation of citizenship is consumerism, the notion that the welfare state is a pathology, that any form of dependency basically is disreputable and needs to be attacked, I mean, this is a vicious set of assumptions.
Bill Moyers: Are we close to equating democracy with capitalism?
Henry Giroux: Oh, I mean, I think that’s the biggest lie of all actually. The biggest lie of all is that capitalism is democracy. We have no way of understanding democracy outside of the market, just as we have no understanding of how to understand freedom outside of market values.