Capitalism structurally requires collective mood swings to function

Evidence

With its ceaseless boom and bust cycles, capitalism is itself fundamentally and irreducibly bi-polar, periodically lurching between hyped-up mania (the irrational exuberance of ‘bubble thinking’) and depressive come-down. (The term ‘economic depression’ is no accident, of course). To a degree unprecedented in any other social system, capitalism both feeds on and reproduces the moods of populations. Without delirium and confidence, capital could not function. — Mark Fisher, Capitalist Realism, 75

Categorization

  • XREF: connects to: Politics must escape the motivation-despair binary capitalism prescribes. — Mark Fisher, Capitalist Realism: Is There No
, 68; Capitalism is structurally bipolar, feeding on population mood cycles — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished
, 1409; Capitalism’s boom-bust cycles mirror and produce bipolar disorder in populations (+3 more)

Broader Connections