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2020-05-08

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cc-by-nc-nd (c) Vaccaro et al., 2020
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/173185

The emergence of the global debt society: governmentality and profit extraction through fabricated abundance and imposed scarcity

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https://doi.org/10.3167/fcl.2019.061701

Abstract

As a result of the financialization of household and national economies, indebtedness has become a system of domination shaping the making of contemporary subjects. Th is sort of governmentality through debt is a multifaceted phenomenon affecting people's economic and political behavior in both the North and the South. Disguised and legitimized by the moral obligation to repay debts, and by promises of upward social mobility (for the working classes in the North) and of development (for the population of the Global South), indebtedness disciplines households and neutralizes political agency under finance capitalism, as our ethnographic examples on the mortgage crisis in Spain and on microfinance in Peru reveal.

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Deute, Microcrèdit

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Debt, Microfinance

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Articles publicats en revistes (Antropologia Social)

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VACCARO, Ismael, HIRSCH, Eric and SABATÉ MURIEL, Irene. The emergence of the global debt society: governmentality and profit extraction through fabricated abundance and imposed scarcity. Focaal. Journal of Global and Historical Anthropology. 2020. Vol. 87, num. 46-60. ISSN 0920-1297. [consulted: 8 of August of 2026]. Available at: https://hdl.handle.net/2445/173185

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