David Harvey, from the Condition of Postmodernity. An Enquiry into the Origins of Social Change
In periods of confusion and uncertainty, a turn to aesthetics becomes more pronounced (181). As a result of the reaction to modernism, it was not understood what the new ethics of the time were. Thus, “the association between scientific and moral judgments had collapsed, aesthetics has triumphed over ethics […] images dominate narratives, ephemerality and fragmentation take precedence over eternal truths…” (181). The way something appeared took precedence over what it meant.
Harvey narrates an association between Regan-era “voodoo economics” and postmodernity. The trading of information and “remixing” of money were not based on reality, but were a manufactured image. Economies were no longer based on the production of something tangible but were based on pushing and re-arranging of image, information, capital, debt. The United States was at an economic low-point, but with spin, the situation did not appear so bleak. Casino capitalism had emerged.
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