Class and Inequality in the Time of Finance: Subject to Terms and Conditions

The book explores the effects of capital market liberalization and consumer credit on poorer households in the UK, using Michel Foucault's theory of subjectivation and Louis Althussers interest in class to show how finance stratifies individuals.

Format: Paperback / softback
Length: 168 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

The book delves into the profound impact of the gradual liberalisation of capital markets and the proliferation of consumer credit on lower-income households in the United Kingdom, with a specific focus on the vulnerability exacerbated by a lack of savings and an excessive reliance on debt. Drawing upon the rich insights of Michel Foucault's theory of subjectivation and Louis Althusser's profound exploration of class dynamics, the author embarks on an active theoretical exploration of the constraints imposed by low income or precarious work on financial planning, alongside the reorganization or rollback of government benefits. Through meticulous analysis and compelling storytelling, the book unveils how finance operates as a powerful mechanism that stratifies individual subjects rather than merely individualising and separating them. It sheds light on the intricate web of financial institutions, policies, and practices that shape the financial well-being of individuals and communities, highlighting the urgent need for systemic reforms to address the growing inequality and precariousness faced by many in society. This thought-provoking work offers valuable insights into the complex interplay between finance, power, and social inequality, and serves as a call to action for policymakers, activists, and individuals alike to work towards a more equitable and sustainable financial system.

The book delves into the profound impact of the gradual liberalisation of capital markets and the proliferation of consumer credit on lower-income households in the United Kingdom, with a specific focus on the vulnerability exacerbated by a lack of savings and an excessive reliance on debt.

Drawing upon the rich insights of Michel Foucault's theory of subjectivation and Louis Althusser's profound exploration of class dynamics, the author embarks on an active theoretical exploration of the constraints imposed by low income or precarious work on financial planning, alongside the reorganization or rollback of government benefits.

Through meticulous analysis and compelling storytelling, the book unveils how finance operates as a powerful mechanism that stratifies individual subjects rather than merely individualising and separating them.

It sheds light on the intricate web of financial institutions, policies, and practices that shape the financial well-being of individuals and communities, highlighting the urgent need for systemic reforms to address the growing inequality and precariousness faced by many in society.

This thought-provoking work offers valuable insights into the complex interplay between finance, power, and social inequality, and serves as a call to action for policymakers, activists, and individuals alike to work towards a more equitable and sustainable financial system.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367531010