Umfang:
1 online resource (xviii, 284 pages)
,
illustrations, graphs
ISBN:
1322156158
,
9781322156156
,
9781315761954
,
1315761955
,
9781317646730
,
1317646738
Serie:
RIPE series in global political economy
Inhalt:
Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. 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. 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 across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology.
Inhalt:
Demystifying money -- The power and paradoxes of credit -- Debtfare states -- Debtfarism and the credit card industry -- Debtfarism and the student loan industry -- Debtfarism and the payday loan industry -- Global debtfarism and the universalisation of financial inclusion -- Debtfarism and the microfinance industry -- Debtfarism and the housing industry.
Anmerkung:
Includes bibliographical references (pages 248-270) and index
Weitere Ausg.:
ISBN 9780415822664
Weitere Ausg.:
ISBN 9780415822671
Weitere Ausg.:
ISBN 0415822661
Weitere Ausg.:
ISBN 041582267X
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 0415822661
Sprache:
Englisch
Schlagwort(e):
Electronic books
DOI:
10.4324/9781315761954
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