Corporation, n. An ingenious device for obtaining individual profit without individual responsibility. Money, n. A blessing that is of no advantage to us excepting when we part with it. —Ambrose Bierce, The Devil’s Dictionary The privatization of governmentality. The latter no longer handled solely by the state but rather by a body of non-state institutions (independent central banks, markets, rating agencies, pension funds, supranational institutions, etc.), of which state administrations, although not unimportant, are but one institution among others. supposed Maurizio Lazzarato