What I want to underscore about Hayek is that he presided over what William Cavanaugh has called a “migration of the holy,” a forced march of sanctity and reverence from the sacred to the ostensibly secular. Inheriting the duty of divine vindication from a waning Protestant hegemony, Hayek illustrates how capitalist economics has always been a kind of theodicy: what seems irrational to mere mortals is actually the emanation of a superior, unaccountable wisdom—a modern analogue to the pre-modern theological concept of providence. In Hayek’s pecuniary ontology, ignorance is bliss and servility is freedom; the more we bow to the logos of the Market in subservience to its mandates, we will be rewarded with riches in the sublunary realm of business. And those mandates are promulgated in the canonical idiom of money, the mercenary emblem of the cosmos. Neoliberalism is not just the highest stage of capitalism; it’s the highest stage of capitalist enchantment, when money comes into its own as the anima mundi of a marketized planet.
Writer - Critic - Poet - Editor