Abstract

Review of William Davies's industry: how the government and big business sold us London: Verso, 2015. 314 pp.Neoliberalism has been broadly accepted as fairly recent economic and political project. For example, David Harvey, distinguished professor of anthropology at the Graduate Center of the City University of New York, in his widely cited book, A brief of neoliberalism (2005) looks upon the years 1978-1980 to begin his social and economic of neoliberalism. For Harvey, key figures from this period, including Deng Xiaoping of China, Margaret Thatcher of Britain, and Ronald Reagan of the United States set the stage for a revolutionary turning-point in the world's social and economic history (p. 1). Others mark the turning point for the project of neoliberalism to the work of Milton Friedman and the emergence of the Chicago school of economics in the 1960s. Still others trace it back to the work of Friedrich Hayek and Lionel Robbins and the London School of Economics during the 1930s. It within this context of neoliberal economic and political that the story told by William Davies stands out.In bold and intriguing move, Davies places the foundations of neoliberalism in the late eighteenth-century social and political philosophy of Jeremy Bentham. Davies reminds us that the English philosopher's hedonism had strong connections with business, and the market-a point often overlooked in the rush to dismiss Bentham's hedonistic utilitarian ethics as merely philosophically weak precursor to the more philosophically mature eudaimonistic utilitarianism of his student John Stuart Mill. The business of government, wrote Bentham in principles of morals and legislation (1789), is to promote the of society, by punishing and rewarding (cited by Davies, p. 19). The free market, of which Bentham was an unabashed supporter, would largely take care of the reward of this 'business'-comments Davies-the state would take responsibility for the former part (p. 19).Thus begins Davies creative and convincing journey from the hedonic calculus and surveillance state of Bentham to the contemporary happiness industry and neoliberal state. But Davies's project much more than merely parsing out some of the originary moments of neoliberal thought in the science of Bentham, it also to looking beyond the current formation of neoliberalism to its next position, the post-neoliberal era.Referring to Hayek's road to serfdom (1944), Davies notes that [o]ne of the foundational arguments in favour of the market was that it served as vast sensory device, capturing millions of individual desires, opinions and values, and converted these into prices (p. 10). However, for Davies, we may be the cusp of new post-neoliberal era in which the market no longer the primary tool for this capture of mass sentiment (pp. 10-11). Once monitoring tools flood our everyday lives, writes Davies, other ways of qualifying feelings in real time are emerging that can extend even further into our lives than markets (p. 11).It here, however, that Davies arguments concerning business, and the market go well beyond the standard critiques of neoliberalism and the surveillance state-and extend into the fields of psychology, neuroscience, and health care. To be sure, Davies very hard on all three. For him, governments and corporations have become obsessed with measuring how people feel and then cashing in on it. measurement and commercialization of our feelings and emotions through smart technology, for example, clearly not something that Davies thinks really improves our well-being. Rather, it only of larger effort to cash in on our emotions and place them under continuous surveillance. Any critique of ubiquitous surveillance, argues Davies, must now include critique of the maximization of well-being, even at the risk of being less healthy, happy, and wealthy (p. …

Highlights

  • Begins Davies creative and convincing journey from the hedonic calculus and surveillance state of Bentham to the contemporary “happiness industry” and neoliberal state

  • Davies offers that Bentham provides two responses to the question, “How does utility manifest itself in such a way that it can be grasped by measurement?” (p. 24)

  • “When Bentham idly wondered whether pulse rate or money might be the best measure of utility”, concludes Davies, “he could scarcely have imagined the industries that would develop dedicated to asserting and reinforcing the authority of particular indicators to represent our inner feelings” (p. 39)

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Summary

Introduction

Begins Davies creative and convincing journey from the hedonic calculus and surveillance state of Bentham to the contemporary “happiness industry” and neoliberal state. That Davies arguments concerning business, government, and the market go well beyond the standard critiques of neoliberalism and the surveillance state—and extend into the fields of psychology, neuroscience, and health care. “When Bentham idly wondered whether pulse rate or money might be the best measure of utility”, concludes Davies, “he could scarcely have imagined the industries that would develop dedicated to asserting and reinforcing the authority of particular indicators to represent our inner feelings”

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