From this morning’s FT:
Monday’s emergency summit of eurozone leaders is likely to set the tone for markets for the week and could even be the tipping point in the Sisyphean epic being played out between Greece and its creditors.
A ‘Sisyphean epic’ is an interestingly semi-oxymoronic concept. Sisyphus’s whole story in Greek myth is a bit epical – meaning, at least, that it’s a long story, and a rather convoluted one. (Some versions of it have him as the father of Odysseus too – which would at least make him the progenitor of the greatest epical protagonist ever).
But generally when we today refer to Sisyphus, we’re talking about the end of his story, which involves a tragical turn. And in particular, we don’t so much remember the hubris or even the chain of events that lead to his punishment – but only the punishment itself, the perpetually fruitless rock rolling. It’s hard to think of this scene, the only one most of us know, as epical: Coming soon, to a cinema near you – the latest and bestest CGI epic masterpiece: Sisyphus Rolls His Stone, Forever – in 3D.
But despite – or perhaps because of – its oxymoronic nature, the concept of a ‘Sisyphean epic’ does have a certain ring of truth when it comes to Greece, and its citizens, and citizens around the world who are dealing with life in the age of austerity. Sisyphus receives a form of punishment disproportionate to his crimes, and one that turns the momentary crisis into a perpetual situation. But most importantly, Sisyphus’s end mirrors the festina lente experience of life under austerity – an ever increasing struggle for ever diminishing possibilities of reward. For what Sisyphus’s problem is is not simply pushing the stone up the hill over and over and over again. It’s also – perhaps more deeply – the fact that he must be aware of the fruitlessness of his task, as well, hellishly, of his inability to do anything other than to continue to participate in this sadistic game.
For, true to the oxymoron, austerity shrouds life in an anti-narrative structure. Not non-narratives: there are stories, struggles, and the like. But, as with Sisyphus as he time and time again dramatically shoulders his stone and once more begins his ascent, the stories and struggles are haunted from the start by an ever decreasing chance of a turn, a resolution, a positive accomplishment at the end. The stories keep running, but for more and more, the efforts that would be chronicled are rendered absurd right from the start. But we, like Sisyphus, are doomed to to keep on playing them out nonetheless.