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A
long time ago, Don DeLillo was an outsider to the world of letters, stuck
in the trenches of capitalism at an advertising agency. His first novel,
Americana, was about a successful 28-year-old television executive
who heads west to seek greater meaning than his corporate existence has
offered.
Today DeLillo is as entrenched in the literary world
as it is possible to be, and the subject of his 13th novel, Cosmopolis,
is capital. The central character is another 28-year-old, a billionaire
"asset manager" named Eric Packer, who lives in a 48-room apartment
on the eastern edge of midtown Manhattan. A believer in technology and
markets, he is the kind of person who is surprised that anyone cares about
presidents anymore. Packer, too, is headed west, but aims only for the
other side of Manhattan, where he wants to get a haircut. His crosstown
limousine ride, slowed by a presidential motorcade and by an anti-market
riot, takes all day — and most of this slender book's pages.
A "haircut" also happens to be a slang term
for a major financial loss, and even if you miss the hints on the flap
copy, you're likely to guess almost immediately that Packer is headed
for one of those, too. He has directed his firm to make what is clearly
an enormous bet that the yen will fall. It can't go any higher, the young
money man keeps saying; yet higher it goes.
This setup — a titan of capital on a two-mile drive
that goes on for 200 pages — sounds like a cross between Tom Wolfe and
Nicholson Baker. But unlike Wolfe, DeLillo has little patience for the
gritty details of business and no apparent interest in verisimilitude.
(Packer says things like, "I haven't been sleeping much. I look at
books and drink brandy. But what happens to all the stretch limousines
that prowl the throbbing city all day long?") And despite the pointedly
un-heroic physical dimensions of Packer's journey, this is not a Baker-like
anti-odyssey of the mundane: In the course of the day, the protagonist
has meals, has meetings, has a prostate exam and has sex (more than once).
As if all this and the distressing real-time data about the yen streaming
into his elaborately tricked-out limo weren't enough, his chief bodyguard
tells him there is information of a threat against Packer's life.
The book is set in April 2000, and given DeLillo's past
interest in crowds (physical or virtual), media culture and the phenomena
that link them, it makes sense that he would be drawn to the bull-market
mania of the late 1990s, which was certainly as perplexing and scary as
the "airborne toxic event" that haunted his novel White
Noise. So it's odd how disengaged he seems here. His Packer is a
cartoon character, cold, calculating and controlling, in a way that's
ridiculous without ever being funny. At one point he insists that his
art dealer find out what it would cost for him to buy the entire Rothko
Chapel and have it rebuilt within in his apartment. This is one of many
quasi-satiric passages that thud.
Packer also happens to have an interest in poetry, which
he reads on sleepless nights. Perhaps this explains his unlikely speaking
style. "There's a poem I read in which the rat becomes the unit of
currency," he informs one of his subordinates. (The line "a
rat became the unit of currency," from Polish writer Zbigniew Herbert's
"Report from a Besieged City," is the book's epigraph.) Rats
run through Cosmopolis, in conversation and in the form of outsized
Styrofoam likenesses built by protesters.
One suspects that this is a heavy clue as to DeLillo's
feeling about hyper-capitalism. But the most interesting comments on this
central theme come from Vija Kinski, the Packer employee who holds a most
pleasingly DeLillo-esque title: "chief of theory." From the
rear of the limo, she holds forth: "Money has taken a turn. All wealth
has become wealth for its own sake. . . . Money has lost its narrative
quality the way painting did once upon a time. Money is talking to itself."
And so on. This sort of loopy but seductive riffing is the sort of thing
that DeLillo writes better than almost anyone else; even when it's preposterous,
it manages to be provocative or at least fun. Kinski tells Packer to stick
with his hunch on the yen. "If you know something and don't act upon
it, then you didn't know it in the first place. . . . To pull back would
not be authentic. It would be a quotation from other people's lives."
Sadly, Kinski gets little face time with the boss and
disappears quickly. Her cosmic rambles are the closest DeLillo comes to
clarifying what exactly he's up to here. This unhappy ride does not so
much reach a specific destination as simply end. And for better or worse,
there's no mistaking Cosmopolis for anything but a DeLillo novel
— a later DeLillo novel, told in a voice that is extremely somber,
reflective, lyrical and very consciously literary. His sentences, by now
unmistakable, here are meant to suggest profound truths. But in practice
they are somewhat bloodless, not unlike Packer himself, whose story is
less than a joy to read.

This review appeared in the April 27, 2003, issue of The Washington
Post.

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