The “Bitter Necessity” of Debt: Neoliberal Finance and the Society of Control

Gilles Deleuze outlines a movement from Foucault’s disciplinary society to what he calls the control society. Foucault himself traces this movement in his lectures on The Birth of Biopolitics. Faced with the incipience of neoliberalism, both Deleuze and Foucault shift their focus away from biopolitics, or the regulation of bodies and populations, and return to a kind of quasi-Marxist concern with political economy. Almost in spite of themselves, they both rediscover political economy at the heart of social processes that had previously seemed to be of an entirely different order.