ABSTRACT

Within contemporary cultural discourse, few argue with the statement that institutional critique (IC) is dead. Institutional critique remained in its grave while the political economy of neoliberalism continued to evolve. In spite of massive changes in the structure and dynamics of capitalism, IC remained in its grave until Occupy Wall Street. The art world needs its programs and signifiers of legitimacy so that it can materially demonstrate that its top institutions and events are not solely in the service of an elite class. The core of legitimation in neoliberal society rests in the maintenance of a public perception that capitalism and democracy are working in harmony together and what is created is a state of welfare for all. The chapter addresses the impoverished elements that always seem to ride on the coattails of elite production and function as its alibi for democratic structure.