The Mandibles and dystopian finance fiction

Posted: 22 August 2016 in Uncategorized
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Utopian novels, it seems, are no longer published.* Instead, bookstores now feature non-fiction books about utopia (the latest of which is Erik Reece’s just-released Utopia Drive: A Road Trip Through America’s Most Radical Idea) and, as a counterpoint, a burgeoning section of dystopian fiction. Whereas books about actual utopian experiments (especially, as in Reece’s book, those that were imagined and enacted in nineteenth-century America) are inspired by a sense that things could be better (indeed, much better), and we might have something to learn from our radical predecessors, dystopian novels move in the opposite direction, imagining a much worse world, one created by our own evil impulses and institutions (or at least each author’s fears concerning the possible effects of one or another negative feature of contemporary reality).

Dystopias are, perhaps not surprisingly, popular among young-adult readers. Just think of the success (in both book and film form) of Suzanne Collins’s trilogy of novels, The Hunger Games, which take place at some unspecified time in North America’s future. Part social commentary (in the case of the Katniss’s world, a critique of both reality TV and of grotesque inequalities in the wider society), part a mirror of adolescent disaffection and angst (of life with unsympathetic parents and cruel schoolmates)—they’re mostly about “what’s happening, right this minute, in the stormy psyche of the adolescent reader.”

Adult dystopias are something different—more didactic, more scolding, in which the author often issues a dire warning about the dangers of one or another current trend. They make sense when the idea is readers can do something to correct the situation, which most adolescents do not share. The latter are caught in the maelstrom; adults are supposed to be able to shape events (or at least to be held responsible for not doing the right thing).

Lionel Shriver’s The Mandibles: A Family, 2029-2047 is certainly that. It warns, it scolds, and it seeks to teach—perhaps even more than other novels in the new sub-genre of dystopian finance fiction. Given the financialization of the U.S. economy in recent decades and the spectacular crash of 2007-08, which has come to be closely identified with the bubble-and-bust trajectory of Wall Street, it should come as no surprise that the sub-genre itself exists.

But The Mandibles is perhaps even more didactic than other novels in the area, such as the closely related Cosmopolis: A Novel (published before the crash, in 2003) by Don DeLillo. While DeLillo’s novel certainly presents a disturbing view of reclusive billionaire Eric Packer and his financial machinations (including a spectacular bet against the yen, which goes badly for him as he travels in his limousine across New York City to get a haircut), it is more an exaggerated portrayal of certain features of contemporary life (including the deregulation of finance, the growth of inequality, the role of information, and the decline of affect) than a clear explanation of why and how we’re headed to the apocalypse if things continue as they are.

Shriver, however, uses the saga of four generations of the Mandible family after the “crash of 2029” to tell such a didactic story. And the story she has chosen to relate is a pointedly right-wing libertarian version of a cascade of possible events (reinforced by some absurd future slang) that stem from, in her view, a bloated Keynesian state and its escalating national debt (accompanied by out-of-control migration from south of the border and a coalition of hostile foreign powers).

The thinly veiled critique of contemporary political economy, borrowed in equal parts from Rand Paul and Donald Trump (with, toward the end, a celebration of the Free State of Nevada, of which Ayn Rand would be proud), does have its humorous, liberal-tweaking moments. I had to chuckle as I read about the head of the Federal Reserve (Krugman) and, later in the novel, the new presidential administration (of Chelsea Clinton), as well as the fact that one group of academics (economists) are mostly left unemployed as the economic crisis unfold.

But, overall, the economics of the novel (and the author does present a great deal of explicit economic theorizing, from the mouths of members of all four of the generations, especially the precocious self-taught economic savant Willing) are decidedly from the right-wing of the current political and economic spectrum. The economic apocalypse that engulfs the Mandible family and the entire country stems from the precipitous decline in the value of the U.S. dollar occasioned by a debt-financed explosion of federal financing for entitlement programs. A desperate nation (led by a Hispanic president) renounces its debts, both foreign and domestic. Other nations respond by devising an alternative currency, the “bancor” (the hypothetical name for the international bank money of an international currency union once devised by Keynes), which is not convertible into U.S. dollars. To refill the treasury, the federal government confiscates citizens’ gold, right down to their wedding rings.

We are then witness to the inevitable slide that tears apart the entire country, with a focus on East Flatbush where the various members of the clan are forced to gather. Fortunes are lost and people are evicted from their homes. Hyperinflation causes mind-spinning changes in prices, shortages provoke hoarding, and then, when basic goods are no longer available, life as we know it devolves (the replacement of toilet paper by cloth “ass-napkins” is the final ignominious assault on middle-class sensibilities). As for public order, the crime rate soars and public utilities no longer function properly (with water now in short supply). The Mandibles are forced to escape by traveling upstate to work on a farm (although a mercy killing-suicide en route means not all of them make it).

Years later, the remaining members of the clan (at least those who haven’t died or made it across the wall into the newly prosperous Mexico), led by now-grownup Willing, travel across the country, past factories (now owned by foreign capitalists and staffed by low-wage American workers) and geriatric facilities (for the elderly sent from abroad, attended to by low-wage American orderlies) to the only remaining sanctuary: the Free State of Nevada. The seceded state is on the gold standard, with a flat tax rate of 10 percent, no social safety net and no gun control, and where everyone has a chance to be a successful entrepreneur. It’s a society everyone there describes as “not a utopia”—with the obvious implication it’s the best alternative to the oppressive liberal-paradise-turned- dystopia the Mandibles have left behind.

If only they’d listened to the warnings about the “dodgy hocus-pocus” of Keynesian economics and the social-welfare state. They could have avoided the breakdown and their self-inflicted dystopia. That’s the lesson Shriver wants us to learn today.

As readers know, there is a well-founded critique of Keynesian economics and the problems of contemporary capitalism (which I’ve attempted to develop in some detail on this blog). However, the pressing issue, at least in the United States with its own sovereign currency, is not national debt or “easy money.” That’s for the Chicken Littles who stoke fears about a falling fiscal sky and want nothing more than low taxes, a diminished safety net, and the freedom of capital.

But that’s Shriver’s story and she spares no moment or patch of dialogue over the course of more than found hundred pages to attempt to drive it home.

 

*In fact, Fredric Jameson argues in his recent book, An American Utopia: Dual Power and the Universal Army, that the last real utopian novel was Ernest Callenbach’s Ecotopia, published in 1975.

Comments
  1. It’s just a hunch, but I’m guessing that the author makes no mention of the mass casualties in the global south (as well as the likely catastrophic upheaval in Europe and North America) during the four generations after the “crash of 2029” stemming from environmental devastation. Is the “newly properous Mexico” a “libertarian” billionaire Martian colony?

  2. […] The Mandibles and dystopian finance fiction […]

  3. […] I was finishing up the latest right-wing libertarian dystopian finance novel, I was also trying to figure out the dystopia that the U.S. healthcare system has […]

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