Abstract

Neoliberal restructuring of the economy created a symbiosis of debt and discipline. New policies displaced Keynesian welfare, facilitated financialization of the economy, broke the power of organized labor, and expanded debt to sustain aggregate demand. Ever-increasing sections of the working classes were brought within the ambit of the credit economy. Constructs of individual responsibility and human capital were refashioned to facilitate assemblage of subjects who would engage the financialized economy as risk-taking entrepreneurs. Engulfment in debt induced self-discipline and conformity with the logic of the financialized economy and precarious labor markets.

pdf

Additional Information

ISSN
1080-6490
Print ISSN
0003-0678
Pages
pp. 469-494
Launched on MUSE
2012-09-28
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.