Money Doesn't Matter

Concerns about inflation can lead us to exaggerate the role of money in the economy. In his essay on “Three Rival Versions of Monetary Enquiry,” in Telos 194, Edward Hadas argues that money is not at the center of economics. Instead, economics is fundamentally about what he calls the “Great Exchange,” in which people offer labor that changes the world and the world in return provides gifts to people in the form of goods and services. At its basis, this exchange involves the relationship between humans and nature, as well as the ways in which humans decide to manage this relationship. Though it can go on with or without money, money is very useful for managing the individual elements of the Great Exchange. As the mediator of the details of the Great Exchange, money is in fact neutral, neither a nefarious underminer of human relations nor a key to prosperity.

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The Telos Press Podcast: Roundtable on Ukraine and World Order

In today’s episode of the Telos Press Podcast, David Pan talks with Mark G.E. Kelly and Timothy W. Luke about the Russian invasion of Ukraine and its consequences for world order. Our current issue, Telos 199 (Summer 2022), features essays by Luke, Kelly, and Pan on the war in Ukraine, excerpts of which appear here. Click through to read the full articles at the Telos Online website (subscription required). To learn how your university can subscribe to Telos, visit our library recommendation page. Print copies of Telos 199 are also available for purchase in our online store.

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Russia, Ukraine, and the Ideological Roots of Conflict

The extended nature of the war in Ukraine stems from the long-term political and ideological developments that have led up to it and will continue to dominate it. In Russia, the government has maintained support for the war through the promotion of a civilizational narrative about Russian culture that has been established over the last twenty years. As Marcin Skladanowski describes in “Criticism of Western Liberal Democracy by Patriarch Kirill of Moscow and All Rus'” (Telos 193), the Russian Orthodox Church has set up the conflict between Russia and the West as a moral one, in which Russia defends a divinely grounded morality against the amoral secularism of the West. This religiously grounded idea of a civilizational conflict exists alongside a philosophical explanation. In “The Ethnosociological and Existential Dimensions of Alexander Dugin’s Populism” (Telos 193), Michael Millerman describes Dugin’s Heideggerian attempt to establish civilizational differences between peoples as the basis for an anthropological theory of human existence. As Nikolai-Klaus von Kreitor recounts in Elements of the New Russian Nationalism” (Telos 96), Dugin was already at work in the early 1990s on such ideas when he developed Carl Schmitt’s theory of the Grossraum in order to criticize U.S. imperialism and justify a Eurasian regional hegemony to counter the dominance of the Western liberal order.

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The Telos Press Podcast: Courtney Hodrick on Neoreaction, the Alt-Right, and Carl Schmitt

In today’s episode of the Telos Press Podcast, David Pan talks with Courtney Hodrick about her article “From Neoreaction to Alt-Right: A Schmittian Perspective,” from Telos 198 (Spring 2022). An excerpt of the article appears here. In their conversation they discuss Carl Schmitt’s understanding of the relationship between liberalism and democracy, and how the separation of the two from each other leads to two versions of extreme right thinking; the general outlines of Mencius Moldbug’s rejection of politics in favor of markets and the relationship between this approach and Schmitt’s understanding of politics as based in the friend/enemy distinction; why Moldbug is an example of what Schmitt defines as liberal; how Moldbug’s ideas contrast with those of Richard Spencer and the extent to which Spencer is a Schmittian; and Curtis Yarvin’s recent shift away from his previous rejections of nationalism and whether this shift represents a merging of neoreaction with alt-right populism. If your university has an online subscription to Telos, you can read the full article at the Telos Online website. For non-subscribers, learn how your university can begin a subscription to Telos at our library recommendation page. Print copies of Telos 198 are available for purchase in our online store.

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The Telos Press Podcast: Georges Van Den Abbeele on the Precariat, the Gig Economy, and the Challenge of Mutual Aid

In today’s episode of the Telos Press Podcast, David Pan talks with Georges Van Den Abbeele about his article “Can the Precariat Be Organized?: The Gig Economy, Worksite Dispersion, and the Challenge of Mutual Aid,” from Telos 198 (Spring 2022). An excerpt of the article appears here. In their conversation they discuss the history of the welfare state in the context of mutual aid, the idea of the “precariat” and how it relates to the idea of the working class and the question of mutual aid, and the new forms of mutual aid that are now possible with the rise of both the gig economy and new forms of social interaction. If your university has an online subscription to Telos, you can read the full article at the Telos Online website. For non-subscribers, learn how your university can begin a subscription to Telos at our library recommendation page. Print copies of Telos 198 are available for purchase in our online store.

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Telos 199 (Summer 2022): China and the West

Telos 199 (Summer 2022): China and the West is now available for purchase in our store. Individual subscriptions to Telos are also available in both print and online formats.

The comparison of China and the West is in the first place a cultural problem to the extent that it requires a knowledge of both traditions and the ways in which they have related to each other. There has been a long history of interaction that has shaped the global economy from the times of the silk routes to the early modern push to find an alternative trade route to China in the European age of discovery and conquest. But the cultural comparison between China and the West today is inevitably overshadowed by a political dynamic in which the opposition reveals a rivalry that no longer exists, for instance, between Japan and the West. Indeed, the “West” in the opposition between China and the West could even be interpreted to include Japan or Taiwan. While the political opposition between China and the West may be reduced to the difference between authoritarianism and liberal democracy, this political dichotomy leads to cultural differences that result from the incompatibility between the two public spheres. While different public spheres will always manifest inconsistencies in terms of the problems and concerns that structure discussion and debate, China’s contemporary restrictions on free expression have separated it from the rest of the world in a more fundamental way by establishing an alternative version of historical facts. China’s alternative reality is not a consequence of its grounding in its distinctive cultural tradition but of the political decisions that have cut it off from the rest of the world. The attempt to compare China and the West must therefore take into account this politically enforced disjuncture.

It would be a mistake, though, to see China and the West as polar opposites or competing civilizations, separated by their opposing political interests on the one hand and by the history of each of their cultural traditions on the other hand. Even if they had separate long histories, the recent past has seen many more opportunities for interaction and orientation around common projects and problems. Moreover, since the past is always a projection from out of the present, the idea of a clash of civilizations is not a legacy but a project. An alternative endeavor would be to conceive of the relationship between China and the West as existing within a larger totality. The definition of such a totality must occur within a particular perspective, however, and therein lies the problem. China and the West are clearly competing to define the framework of global order. Consequently, any attempt to consider the relationship between the two must look to the vision of universality that each side is trying to establish against the other. This issue of Telos considers a variety of ways of defining the overarching perspective from which the comparison between China and the West makes sense.

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