The US Debtfare State and the Credit Card Industry: Forging Spaces of Dispossession

Abstract: Credit card debt is a ubiquitous feature of neoliberal capitalism. To explain the notable growth of credit card usage in the US, I adopt a historical materialist approach that employs two key analytical concepts—cannibalistic capitalism and the debtfare state—to capture the material, institutional and ideological dimensions of this process. Viewed within the bounds of cannibalistic capitalism, a mode of accumulation primarily based on the expansion of fictitious capital and secondary forms of exploitation, the debtfare state enhances the social power of money by allowing major credit card issuers (banks) to generate high levels of income from uncapped interest rates and policies that ensure the extension of plastic money to those who fall within Marx's category of the surplus population. While the expansion of debt subjects surplus workers to the disciplinary requirements of the market, it is unable to suspend the main tensions of cannibalistic capitalism, prompting ongoing reconstructions of the debtfare state.     

Legal Dispossession: State Strategies and Selectivities in the Expansion of Indonesian Palm Oil and Agrofuel Production

This article examines the role of the state in the appropriation and control of land in Indonesian palm oil and agrofuel production. Drawing on political ecology and critical state and hegemony theory, it focuses particularly on the legal state strategies that support the hegemonic project of agro‐industrial and export‐oriented palm oil and agrofuel production. The article analyses the structural, strategic and spatial selectivities — the mechanisms of marginalization and privilege — that accompany the strategies the state employs. Three important strategies are discussed, namely the codification of land ownership, the concentration of land possession and the valorization of natural resources in the context of de‐ and recentralization. The article concludes that these legal state strategies represent an important means to organize and protect a large‐scale palm oil project as they succeed in universalizing dominant interests whilst at the same time (partially) integrating subaltern interests.     

Institutions,Markets and Economic Co‐ordination: Linking Development Policy to Theory and Praxis

This article explores policy applications of ‘new institutional economics’ theory in relation to markets and economic development. It argues for application of an analytical framework which instead of looking at institutions primarily in terms of their contributions to making competitive markets work better, sees such markets as one form of institution fulfilling exchange and co‐ordination functions in an economy. A key element in this is recognition of the importance of processes of change in non‐standard market arrangements in economic development, and there are strong theoretical, practical and historical grounds for more consistent policy in this area.     

Issue Definition in State Economic Development Policy

This paper examines whether an "issue definition" perspective developed by Baumgartner and Jones (1993) can account for the dynamics of state economic development policy. The analysis centers on a case study of Louisiana, and shows that efforts to redefine tax exemptions as a threat to the environment were only partially successful in leading to policy change. I speculate on the reasons for this failure, concluding with the fact that special conditions made it harder to redefine the economic development issue there. I argue further that the dynamics of issue redefinition differ by issue type and according to the level of government responsible for a particular policy.     

Settlers,Workers, and the Logic of Accumulation by Dispossession

This article offers a critique of the Wolfe-an model, which has become so dominant within contemporary Settler Colonial Studies (SCS). It focuses particularly on the central claim made by Patrick Wolfe, and others after him, that settler colonialism is categorically differentiated from other forms of colonialism by its drive to “eliminate the native”, instead of exploiting them. This paper builds on the literature that shows how settler colonies have used elimination as well as exploitation in their relations with indigenous peoples—even transitioning from one to the other. Instead, the paper argues that focusing on accumulation by dispossession allows for an analysis of the specificity of settler social relations to emerge. It highlights the specific ways in which settlers collectively expropriate indigenous peoples and struggle amongst different settler classes over the distribution of the colonial loot.     

What Objects Know: Circulation,Omniscience and the Comedy of Dispossession in Victorian It-Narratives

Modern self-possessing subjects must learn how to alienate parts of themselves economically – their labour, ideas, recorded voices, photographed faces – without alienating themselves psychologically. Victorian it-narratives provide object lessons for such subjects: they tell the stories of their owners, suggesting that inalienability need only be imagined – in the shape of talking umbrellas, feathers, and needles – to be effective. Object narrators also enact a form of omniscience unavailable to human narrators. Rather than traversing the consciousness of characters, they more ‘realistically’ simply over-hear the innermost thoughts of their owners. They circulate among a much wider range of subjects than do the narrators of mainstream fiction. Royals, gypsies, aristocrats, thieves, actors, and shopkeepers are witnessed intimately and accurately by their possessions. Their circulation is comic: they knit the social world together in collecting the stories of their disparate owners. They suggest that the subjects who are most like objects in Victorian Britain and its empire (women, the colonized, slaves, children, the poor) have a specific power: a certain omniscience, and therefore the power to confer, contain and preserve inalienability. Silas Wegg, of Our Mutual Friend, has suffered radical dispossession – his leg belongs to someone else. He is the modern subject par excellence, resolutely optimistic about the inalienability of his leg, which he refers to as ‘I’. Wegg, like the object narrators this essay discusses, suggests to us the necessary porousness of the subject–object boundary given the self-possession of liberal individuals. That boundary has become more porous since the Victorian period: we now alienate our DNA, organs and infants. It is the disavowal of this permeability that marks the great divide between then and now.     

China and India Enter Global Markets: A Review of Comparative Economic Development and Future Prospects

An American economist specializing in the economic and business development of China as well as India presents the results of a focused comparison of their emergence as global economic powers in the late 20^th and early 21^st centuries. More specifically, she selectively reviews the body of published research comparing China and India, with emphasis on the literature covering the two countries' economic achievements, the nature of reforms and institutions, as well as the overall social contexts within which development and growth are occurring. The author addresses such major questions as the importance of timing and location in the two countries' development trajectories as well as the implications of different modes of guidance (market versus state direction) for those trajectories. A concluding section identifies several possible directions for future research. Journal of Economic Literature, Classification Numbers: F010, O110, O530, P200, P520. 1 figure, 2 tables, 120 references.     

Dispossession and the Depletion of Social Reproduction

Gender is largely under‐theorized in the now well‐developed literature on dispossession; this paper contributes to the analysis of the gender dimensions of dispossession by bringing the literature on dispossession into conversation with the feminist literature on social reproduction, specifically, depletion of social reproduction. Drawing on qualitative field research, the paper provides a gendered analysis of the multiple vectors of dispossession affecting the Miyana, a Muslim community living in the Little Rann of Kutch, an estuarine zone in central Gujarat within which prawn harvesting and salt production are their symbiotic seasonal livelihood activities. Using the concept of depletion as a diagnostic tool, I argue that the assessment of depletion due to dispossession requires investigation of the levels of mitigation, replenishment or transformation available to individuals, households and communities within the circuits of production and social reproduction.     

The State,The Market and Economic Development: A Second Look at Adam Smith in Theory and Practice

This article looks at the place of government in the development of market economies. Using ideas from Adam Smith, and illustrations from Anglo-American economic history, it shows how government was deeply involved in creating the conditions for capitalism and in moulding a sustaining environment for private enterprise. Despite the claims of contemporary laissez-faire ideology to the contrary, the emergence and the maintenance of a capitalist economic system always depend, at least in part, on an effective state.     

The Battle of the Camel: Revolution,transition and tourism in Cairo

This article asks how the 25 January 2011 revolution in Egypt led to the entrenchment of existing forms of privilege and marginality. To answer this question, critical scholars have taken for granted the revolution's linear temporality and focused largely on institutional processes at the state level following the fall of President Hosni Mubarak. In contrast, I provide an original take on this question through extensive ethnographic engagement, focusing on moments of rupture and urban spaces of contestation at the time of the revolution and beyond. More specifically, I trace the significance of an understudied moment during the revolution: the ‘Battle of the Camel’, when horse/camel drivers who sell rides to tourists at the Pyramids charged at protestors in Tahrir Square. An ethnography of this moment allows me to draw out the complex temporalities of the revolution by recognizing diverse moments of contestation by marginalized subjects at its different ‘stages’. This article traces how these alternative temporalities were driven but also obscured by longer-term patterns of tourism and urban development. It finds that relations of power and marginality were reproduced through tourism and elite Egyptian visions of temporality and authenticity in the key urban spaces relevant to this battle – the Pyramids of Giza and Tahrir Square. These sites were positioned as spaces of Egypt's ‘authentic’ past and future respectively, reinforcing a colonial and neoliberal narrative of development that made possible the protection of tourism and elite priorities and the remarginalization of ‘underdeveloped’ camel drivers and street vendors in these sites.     

Denaturalizing Dispossession: Critical Ethnography in the Age of Resurgent Imperialism

Critical ethnographies and methods of relational comparison provide tools for reconfiguring area studies to challenge imperial visions of the world; for illuminating power‐laden processes of constitution, connection, and disconnection; and for identifying slippages, openings, contradictions, and possibilities for alliances. Crucial to this project are Lefebvrian conceptions of the production of space. In developing these arguments, this essay also intervenes in recent discussions of so‐called “primitive accumulation” as an ongoing process. It does so by drawing on research into connections between South Africa and East Asia, and using these relational comparisons to highlight the significance of specifically racialized forms of dispossession and their salience to struggles currently underway in South Africa. These examples underscore how critical ethnography and relational comparison provide a crucial means for “advancing to the concrete”—in the sense of concrete concepts that are adequate to the complexity with which they are seeking to grapple.     

Infrastructural Discontent in the Sanitary City: Waste,Revolt, and Repression in Cairo

In this article, I examine the relationship between waste, revolt, and repression in Cairo's sanitation system from the early 20^th century to the present. I coin the term infrastructural discontent in the sanitary city to describe how discontent slowly accretes around Cairo's sanitation system and becomes a powerful force in the city's politics—a force that can be mobilised for popular revolt and state repression. I detail three expressions of infrastructural discontent in Cairo's sanitation system, paying careful attention to the deeply related mundane and spectacular productions of these expressions. Tracing the formation of infrastructural discontent in the sanitary city, I show how resistance and repression are produced and contested in material infrastructural relations which contain the accretions of long‐standing struggles over colonialism, development, and uneven urbanisation.