Strategies of Verbal Administration of the Economic Crisis

The present paper focuses on the analysis of the discourse that has been generated from September 2008- that is, from the emergence of the financial system’s international crisis- up to now and specifically on the way in which the discourse is articulated by the most important representatives of the political and economic field as well. What one may observe while examining the articulation of the discourse concerning economic crisis is the intense existence of a movement , a rotation of strategies (denial, acceptance, mitigation and control). Starting from this observation, we will attempt to  trace and record these successive rotations in order to underline their characteristics and evaluate the nature and the direction of the path swept by the current crisis in both discourse and practices level.

More particularly, we construct four distinct research categories of the verbal administration and conceptualization of the event: i) denial of the potential economic crisis, ii) acceptance of the recession and the mistakes caused by the uncontrolled market self-regulation, iii) adoption of measures under state guidance aiming to regulate the crisis and και iv) insistence on the need to maintain the ideology of free market after the confrontation of the crisis. The data that constitute and support this specific categorization are collected from newspapers, journals, interviews and other published papers.

The theoretical schemes that will guide the interpretation of our observations are drawn from the work of Ernesto  Laclau and Thomas Kuhn. In Laclau’s theory,history, namely the history of human constructions, is revealed as the  game between the field of construction and that of dislocation. Ideally, this game takes the form of: construction- dislocation- new construction (reconstruction) etc. Although dislocations embody a radical negativity, they also contain a productive element. If on the one hand they threaten identities, ideologies and discourses, on the other hand they generate attempts of a new construction of those dislocated ideologies and discourses by creating a certain lack.

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Intellectum 10