The purpose of the present study is to theorize how punk, as a cultural field, renders its ideological assumptions material. First, I schematize “punk history” and map the formative impulses of punk in terms of desire. Drawing from Sigmund Freud, from Gilles Deleuze and Félix Guattari\u27s concept of non-individuated desire, and from Fredric Jameson\u27s concept of a “political unconscious,” I imagine late capitalism as allowing for the expression and realization of certain desires and the concomitant repression of others, which then return, as Freud claims that repressed desires must. Most importantly for punk, capitalism both creates and exacerbates a friction between culture and economics, from which flows the most formative desires of p...