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Indebted societies: how private borrowing has become a substitute for social policy in rich democracies

Wiedemann, Andreas (2021) Indebted societies: how private borrowing has become a substitute for social policy in rich democracies. LSE European Politics and Policy (EUROPP) blog (07 Oct 2021). Blog Entry.

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Abstract

When citizens encounter financial difficulties, they often turn to private borrowing on credit markets. As Andreas Wiedemann explains, this form of borrowing now increasingly acts as a support mechanism that complements the welfare state in rich democracies. But while credit markets and welfare states appear to fulfil similar functions, they follow different underlying logics, each with their own socio-economic and political consequences that shape and amplify insecurities, inequalities, and social solidarity.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/europpblog/
Additional Information: © 2021 The Author
Divisions: LSE
Subjects: J Political Science > JZ International relations
J Political Science > JN Political institutions (Europe)
H Social Sciences > HB Economic Theory
Date Deposited: 21 Dec 2021 15:45
Last Modified: 21 Dec 2021 15:45
URI: http://eprints.lse.ac.uk/id/eprint/112822

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