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This book explores the effects of the gradual liberalisation of capital markets and the expansion of consumer credit on poorer households in the UK, drawing on the thought of Foucault and Althusser to examine the precariousness caused by a lack of savings and a reliance on debt at a time of reorganisation or rollback of government benefits.
List of contents
1. Introduction: Indebted investors as subjects of finance
2. Althusser and Foucault: Subjectivity stratified
3. The political economy of financial subjectivity: Structures and subjects
4. "The spirit of entrepreneurship": Discourse and strategy in the policy of Margaret Thatcher
5. The struggles of saving and borrowing, and the question of class
6. The uneven and contradictory nature of financial subjectivity: Subjugation and exclusion in the financialised social formation
7. Conclusion: Class and financial inequality
About the author
Niamh Mulcahy is Alice Tong Sze Research Fellow at Lucy Cavendish College, and the Centre for Research in the Arts, Social Sciences, and Humanities at the University of Cambridge, UK.
Summary
This book explores the effects of the gradual liberalisation of capital markets and the expansion of consumer credit on poorer households in the UK, drawing on the thought of Foucault and Althusser to examine the precariousness caused by a lack of savings and a reliance on debt at a time of reorganisation or rollback of government benefits.
