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| Srl | Item |
| 1 |
ID:
121784
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| Publication |
2013.
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| Summary/Abstract |
In this article, I interrogate what is meant by 'the politics of sovereign debt', and examine how various authors, especially David Graeber, have addressed this question. More specifically, I seek to extend my contribution to the goals of the 'Repoliticizing Debt' workshop, which inspired this special issue, by proposing a theoretical framework for understanding the role of sovereign debt in mediating the contradictions of neoliberal capitalism, and by challenging dominant treatments of the sovereign debt crisis currently underway in Greece. I argue that the existing literature fails to help grasp the complexity of sovereign debt as a social relation, and that debt must be understood as what Marx refers to as 'fictitious capital', that is, capital backed not by a commodity transaction, but by a claim on future value. The management of confidence in the value of fictitious capital through the use of the 'golden noose' of debt is the key process to be understood in order to grasp the complexity of sovereign debt crises.
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| 2 |
ID:
189364
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| Summary/Abstract |
In this article, I examine the relationship between state, ethnicity, territoriality and neoliberal capitalism in the tribal areas of highland Northeast India, where I focus in particular on the socioecological and socio-political corollaries of its rediscovery as a resource and capitalist frontier. In so doing, I apply (capitalist) ‘desire’ and (ethnic) ‘closure’ as key analytics to capture the contentiously unfolding history of the region’s present. This article shows how new resource and capital flows lead both to the production of capitalist ‘desires’ and socioecological destruction through the privatization, acquisition and depletion, mostly by ethnic tribal elites, of communal assets now embedded in newly capitalist relations, and to the intensification of a politics of exclusive ethnoterritorial belonging and rights. The latter comes in the form of volatile social processes of ethnic ‘closure’; an increasing preoccupation, that is, on part of tribal ethnic communities with the protecting, patrolling and legislating of ethno-territorial rights. The upshot of this is a dialectic between new neoliberal connectivities and ethnic ‘closure’, one that ensues in a frame of the specifics of governance and law in highland Northeast India.
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