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I'd vote for this as Zizek's best work by far. It's both theoretically significant and a fun read -- who ever thought we'd find that?
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He's dodgy on Butler too. Zizek claims that as long as resistance to power is a direct response to the power structure it presumes to subvert, then it will necessarily fail. He then contends that the "true" act of resistance is one that will disturb the 'phantasmic core' of the symbolic order and therefore it will be an "authentic act".
So... we start from an impossible position to reach a possible. At the end of the day there are more 'real' examples of resistance, framed by a big Other/dominant power structure/hegemon that have, while coming out in response to that power, actually envisioned and/or travelled above and beyond it than there are of re-constituted Cartesian subjects upsetting the structure at it's core. In fact the core is often upset by the subversive over-statements of pre-substantiated resistance. The added advantage is that you don't have to reify dodgy discources on "race" and anti-semitism to realise this.
Lets all go back to Fanon (or visit him for the first time!) and see that a new humanism should always aim 'above and beyond' and that unfortunately we need to be much more aware and in-tune to those aspects of resistance that do. Said's been doing this for yonks and pretty much everyone in his footnotes. Paul Gilroy's "Against Race" is pretty good too. Or, maybe just some good old social science theory and volunteer activism with people who care much less about John Woo's Face/Off than we do?