Thursday 31 October 2019

Capitalism is modernity's most beguiling and dangerous form of enchantment

posted by S. Abbas Raza in 3 Quarks Daily: Eugene McCarraher in Aeon:

Perhaps the grandest tale of capitalist modernity is entitled ‘The Disenchantment of the World’.

Crystallised in the work of Max Weber but eloquently anticipated by Karl Marx, the story goes something like this: before the advent of capitalism, people believed that the world was enchanted, pervaded by mysterious, incalculable forces that ruled and animated the cosmos. Gods, spirits and other supernatural beings infused the material world, anchoring the most sublime and ultimate values in the ontological architecture of the Universe.

In premodern Europe, Catholic Christianity epitomised enchantment in its sacramental cosmology and rituals, in which matter could serve as a conduit or mediator of God’s immeasurable grace.

But as Calvinism, science and especially capitalism eroded this sacramental worldview, matter became nothing more than dumb, inert and manipulable stuff, disenchanted raw material open to the discovery of scientists, the mastery of technicians, and the exploitation of merchants and industrialists. Discredited in the course of enlightenment, the enchanted cosmos either withered into historical oblivion or went into the exile of private belief in liberal democracies.

As Marx put it, all that was solid melted into air, and the most heavenly ecstasies drowned in the icy water of egotistical calculation.

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Eugene McCarraher
is an associate professor of humanities and history at Villanova University in Pennsylvania. His work has appeared in Dissent, The Nation, Commonweal, The Hedgehog Review and Raritan. His latest book is The Enchantments of Mammon: How Capitalism Became the Religion of Modernity (2019).

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