Zurück zur Übersicht

Debt Will Tear Us Apart: scrutinizing the social structures of financialization

Beschreibung

Vortragende: Jaime Palomera, University of Barcelona

There is no question that finance has a huge impact on our daily lives. Yet we know little about how it operates among ordinary people. Despite a growing interest in the so-called financialization of everyday life, research has only scratched the surface of such an epochal transformation. Here, I will contend that understanding how finance capital penetrates the most intimate spheres of social experience, and why such micro-logics are at the basis of global transformations, requires three fundamental steps: first, the kind of grounded approach that only in-depth ethnography can provide; second, a historical approach that accounts for the transformations of capital and the state, and the way in which people’s basic needs become entrenched with the interests of financial institutions; finally, an understanding of scale capable of foregrounding the structural embeddedness between household, locality and capital circulation. Drawing from fieldwork and life among poor households in a housing project that was engulfed by the Great Spanish Bubble (1997-2007), this lecture will reflect on the changes that led to the big crash.

Karte

zurück zur Übersicht

Zum Seitenanfang