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Financialization from the margins

Author

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  • Hadrien Saiag

    (IIAC - Institut interdisciplinaire d'anthropologie du contemporain - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article investigates how the Argentine subproletariat perceives the recent consumer credit boom, based on several fi eld visits carried out in one of Argentina's industrial hubs between 2007 and 2016. It analyzes the credit boom in relation to the wider social transformations induced by the left ist Peronist governments during 2003-2015 (especially the incorporation of informal workers into the social protection system). It argues the rise of consumer credit is perceived by those who use it with ambivalence. While it has allowed the subproletariat to access a form of consumption that was previously restricted to upper classes, it also exposes this population to a new form of exploitation based on the discrepancy between the (monthly based) time of fi nance and the (erratic) time of work.

Suggested Citation

  • Hadrien Saiag, 2020. "Financialization from the margins," Post-Print hal-02516543, HAL.
    • Handle: RePEc:hal:journl:hal-02516543
    DOI: 10.3167/fcl.2020.012804
    Note: View the original document on HAL open archive server: https://hal.science/hal-02516543v2
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    References listed on IDEAS

    as
    1. Isabelle Guérin, 2014. "Juggling with debt, social ties, and values the everyday use of microcredit in rural South India," Post-Print ird-01471734, HAL.
    2. Isabelle Gu�rin & Bert D'Espallier & Govindan Venkatasubramanian, 2013. "Debt in Rural South India: Fragmentation, Social Regulation and Discrimination," Journal of Development Studies, Taylor & Francis Journals, vol. 49(9), pages 1155-1171, September.
    3. Luis Beccaria & Roxana Maurizio & Gustavo V�zquez, 2015. "Recent decline in wage inequality and formalization of the labour market in Argentina," International Review of Applied Economics, Taylor & Francis Journals, vol. 29(5), pages 677-700, September.
    4. Hadrien Saiag, 2013. "Financial Practices as Adaptations to Increasing Vulnerability," Post-Print halshs-02343508, HAL.
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    Cited by:

    1. Isabelle Guérin & Vincent Guermond & Nithya Joseph & Nithya Natarajan & Govindan Venkatasubramanian, 2021. "COVID‐19 and the Unequalizing Infrastructures of Financial Inclusion in Tamil Nadu," Development and Change, International Institute of Social Studies, vol. 52(4), pages 927-951, July.
    2. Isabelle Guérin & Sébastien Michiels & Arnaud Natal & Christophe Jalil Nordman & Govindan Venkatasubramanian, 2020. "Surviving debt, survival debt in times of lockdown," Working Papers CEB 20-009, ULB -- Universite Libre de Bruxelles.
    3. Reboul, E. & Guérin, I. & Nordman, C.J., 2021. "The gender of debt and credit: Insights from rural Tamil Nadu," World Development, Elsevier, vol. 142(C).
    4. Hadrien Saiag, 2020. "Consumer Credit and Debt," Post-Print halshs-03095993, HAL.

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    More about this item

    Keywords

    financial exploitation; popular economy; time; consumption; debt; savings; temporalities; social stratifications;
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