Abstract

The election of Barack Obama corresponding with the dramatic implosion of the neo-liberal world order of finance, represents a dramatic return of history as attempts are made to forge the new consensus of global capitalism. The financial crisis has come to represent the culmination of Third Way neo-liberalism with Obama signifying the commodity logic and emancipatory potential of the new spirit of capitalism. Obama’s biography has allowed for a self-confident re-articulation of American imperial power, while fetishizing a civil society notion of transformation that has eclipsed the anti-capitalist left. Resistance to Obama’s vision of a reconciled America, leading the moral correction of capitalism, has come in the form of a right wing populist campaign of delegitimization. The Tea Party populists speak to the return of the political and the ontological necessity of antagonism as they present themselves as the only radical alternative to actually existing neo-liberalism