Debtfare States and the Poverty Industry: Money, Discipline and the Surplus Population (RIPE Series in Global Political Economy)
| Author | : | |
| Rating | : | 4.88 (813 Votes) |
| Asin | : | 041582267X |
| Format Type | : | paperback |
| Number of Pages | : | 302 Pages |
| Publish Date | : | 2016-06-13 |
| Language | : | English |
DESCRIPTION:
Fantastic Book!!! A must read by all social scientists and those interested in the politics of debt in a neoliberal world. Sheila Macrine Fantastic Book!!! A must read by all social scientists and those interested in the politics of debt in a neoliberal world. Dr. Soederberg deftly argues two key analytical concepts that of “cannibalistic capitalism” and “the debtfare state” She explores the expansion of fictitious capital, secondary forms of exploitation, the behaviour of major credit card issuers, a. Maria Morais said Five Stars. Very interesting and original approach. Consistent.
Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit.The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico.Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit ac
This penetrating and original book introduces a new concept to the late-neoliberal lexicon, debtfare, as credit contracts displace social contracts, entrenching a parasitic "poverty industry." A compelling and significant contribution. Lynd Professor of Sociology, Columbia University, author of Expulsions. A political economy of the baleful poverty industry it provides a conceptual antidote to coercive financial inclusion by enlisting the force of Marx, Money and the State. Randy Martin, Faculty Director of Art and Public Policy, New York University, USA. This unflinching examination is a major contribution to our understanding of poverty, business, and the state. &n
Susanne Soederberg is Professor and Canada Research Chair in Global Political Economy at the Department of Global Development Studies, cross appointed with the Department of Political Studies, Queen’s University, Canada.