The Politics of Representation and Financial Fetishism: the case of the G20 summits

Susanne Soederberg

Third World Quarterly, 2010, vol. 31, issue 4, 523-540

Abstract: One year after the 2008 crash, policy makers and international lending institutions declared the crisis over and assured the world that recovery was underway. The efforts of the Group of Twenty (G20) have been widely credited with securing economic recovery. In this article I examine the politics of representation of the crisis by the G20. I argue that the G20 summits have served to naturalise and depoliticise the crisis, thereby legitimating a narrow and very particular response to it. The politics of representation is bound up in what I term ‘financial fetishism’. To demonstrate and explain how and why the G20 summits have engaged in a politics of representation alongside a politics of management, I proceed from an abstract to a concrete level of analysis by, first, revealing the social construction of neoliberal-led growth and the subordination of all social life to the rationality of the market, and, second, comparatively exploring the discourse of the G20 summits of 2009 and their predecessor: the New International Financial Architecture of 1999.

Date: 2010
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DOI: 10.1080/01436591003701067

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