Agamben on Money

by gurdeepmattu

Giorgio Agamben: These days, the words “crisis” and “economy” are not used as concepts but rather as words of command that facilitate the imposition and acceptance of measures and restrictions that the people would not otherwise accept. Today, “crisis” means, “you must obey!” I think it is very obvious to everyone that the so-called “crisis” has been going on for decades and that it is actually nothing but the normal functioning of capitalism in our time. And there is nothing rational about the way capitalism is now functioning.

In order to understand what is taking place, we have to interpret Walter Benjamin’s idea that capitalism is really a religion literally, the most fierce, implacable and irrational religion that has ever existed because it recognizes neither truces nor redemption. A permanent worship is celebrated in its name, a worship whose liturgy is labor and its object, money. God did not die; he was transformed into money. The Bank—with its faceless drones and its experts—has taken the place of the church with its priests, and by its command over credit (even loans to the state, which has so blithely abdicated its sovereignty), manipulates and manages the faith—the scarce and uncertain faith—that still remains to it in our time. Furthermore, the claim that today’s capitalism is a religion is most effectively demonstrated by the headline that appeared on the front page of a major national newspaper a few days ago: “Save the Euro Regardless of the Cost”. Well, “salvation” is a religious concept, but what does “regardless of the cost” mean? Even at the cost of sacrificing human lives? Only within a religious perspective (or, more correctly, a pseudo-religious perspective) could one make such plainly absurd and inhuman statements.


Taken from a 2012 interview available here on