I just wanted to point out the analogy in the beginning that I found particularly helpful in getting my head around what Agamben is talking about. This is the analogy that he gabe about the phone and logos, or in English, the voice and the language. He provides this analogy to parallel the relationship between the bare life and the political life.
The bare life is determined by two components: pain and pleasure. Agamben signifies the voice to have the same division, stating how "the voice is the sign of pain and pleasure" (7). The political life, or the "language is for manifesting the fitting and the unfitting and the just and the unjust" (8).
This analogy was helpful with my understanding of Agamben's term "inclusive exclusion", a term which I found very predictable to the nature of postmodernism.