Details

Autor(en) / Beteiligte

• Palomera, Jaime

Titel

Reciprocity, Commodification, and Poverty in the Era of Financialization

Ist Teil von

• Current anthropology, 2014-08, Vol.55 (S9), p.S105-S115

Ort / Verlag

Chicago: University of Chicago Press

Erscheinungsjahr

2014

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• In this article I explore how financialization works among the poor, based on the case of a group of migrants living in Barcelona’s urban periphery, who were granted mortgages during the climactic years of the Spanish housing boom (2004–2007). I argue that the hopes and values that underpin relations of reciprocity among the disadvantaged are transformed as they start accessing home ownership via predatory loans. Undeniably, forms of financial exploitation are rooted in and depend on a high degree of commodification. However, people tend to deal with the abstract logics of accumulation that underpin their domination through concrete interpersonal relations framed by moral values and mutual obligations.