The external threats for literary study today are easy enough to recognize - the pressure from above exerted by downsizing administrators and neoliberal apologists who see literary study as frivolous at best, dangerous to the university's new vocational mission at worst. The academic study of literature requires an elegy primarily because its object doesn't unproblematically exist anymore: which is to say, we have to come to terms with the fact that there is not (and never has been) a way to locate what literature is, or what it can do, without the preexisting condition of a theoretical orientation. Literature as an autonomous object of inquiry is dead. Long live theory.
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