Scholarship on the political economy of natural resources in the Global South has often relied on the concept of the “resource curse” to explain the negative features of extractive economies and their alleged tendency to promote rent capture at the expense of national sovereignty and development. Such theories link the behavior of social actors to an excess of “unearned income,” with little reference to the concrete forms of political and cultural mediation that reproduce this structure of growth. This article explores the role of the devil symbol in populist discourse in Venezuela and how this spectral figure comes to mediate subaltern consciousness. Tracing the origins of this image to colonialism and efforts to grasp the dynamics of the modern petrostate, the analysis shows how use of this symbol to mediate the forecast transition from a rentier to a productive economy has given workers in a state enterprise a potent set of signs to articulate opposition to unjust labor conditions. Venezuelan leaders have deployed figures drawn from local folklore to divide society into two competing power blocs. Yet, while these discourses are effective at forging coalitions and justifying specific reallocations of oil wealth, they do not obviate the tensions of this transition, and a counternarrative using these same figures has arisen in response. The article concludes with an analysis of parallels between global theories of the resource curse and local Venezuelan iterations of this discourse as well as a discussion of the role of translation in theories of culture and modernity.

This paper explores Christianity's ambiguous relationship to capitalism by engaging Marx's notion of the fetishism of commodities as a way of rethinking Marxism's critique of religion from the standpoint of political economy. Following Etienne Balibar's distinction between the theory of ideology and Capital's theory of fetishism, I examine how the later Marx conceived of religion as socially conditioned by the society of commodity production, which takes on religious dimensions. Commodities are the basis for a concept of fetishism which commands total subjection, alienating human beings under capitalism. This critical focus also reveals Christianity in its totalizing role as a symbolic structure shaped by the inescapable logic of exchange-value, money, and universal equivalents. Nonetheless, Christianity retains the impetus to anti-fetishism, provided it unites with the Marxist science of critical perception. This anti-fetishistic union focuses on the transparent and revolutionized social relations of real presence as the nonalienated reverse of fetishism's false presence. A critical apophaticism, tempered by the materialist amendments of Marika Rose and Slavoj Žižek, offers the bridge to such a union and highlights the anti-fetishistic avenues of failure and utopia.