Military Nationalism and the State: the Case of Fin‐De‐Siècle Spain

Abstract. Military culture can play an important role in the rise of modern nationalism, as developments in late nineteenth and early twentieth century Spain demonstrate. Like many Europeans, Spanish army officers turned increasingly to nationalist ideology as they lost faith in the ability of liberal institutions to meet their needs. Because Spain, where army officers had much influence on politics and society, lacked other strong movements of modern, Castile‐centred nationalism, military culture had a significant and long‐lasting influence on the subsequent development of notions of Spanish national identity. The case of turn‐of‐the‐century Spanish military nationalism lends credence to a general understanding of nationalism as a political phenomenon in which the state plays a central role.     

Subprime Housing Goes South: Constructing Securitized Mortgages for the Poor in Mexico

Mexico represents the largest market for residential mortgage‐backed securitization (RMBS) in Latin America. Despite its significance to questions of development, there has been no critical analysis on the social implications and power dimensions of RMBS with regard to low‐income housing in Mexico. This essay fills this gap by demystifying the technical and thus apolitical nature of RMBS as well as by explaining how and why state‐sponsored securitization schemes subsidize financial and construction interests in the name of expanding home ownership for the poor. In so doing, the analysis employs a historical materialist approach that, first, places RMBS within the contradictory nature of capital accumulation processes in Mexico and relations of class‐based power therein, and second, views RMBS as an integral feature of housing policy that is inextricably linked to the nerve centre of capital accumulation, namely: the credit system.