Usura/Subprima

May 7, 2009

The introductory paragraphs of “In Praise of Usura,” written with Melinda Cooper:


Subprime

April 15, 2009

Here’s the pre-print version of the oikopolitics piece, slated for Global South. Apparently I’m supposed to remove the link when it appears in print. I think this is the fragment I like the most:

If the modern financial system is premised on the historical emergence of national debt, the late twentieth witnessed the democratisation of its risks through the household. And yet, as it turns out, the dispersal of risk opened the door to the cascading effects of subprime instability and default. The idealised household had not taken hold in any generalised sense, much as it imposed itself as norm, and beyond any attempt to assume that all of those who defaulted could not pay rather than had decided not to or, more broadly put, did not budget and toil as they ought.







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