Mediating Indebtedness in South Africa

James, Deborah ORCID: 0000-0002-4274-197X (2018) Mediating Indebtedness in South Africa. Ethnos, 83 (5). pp. 814-831. ISSN 0014-1844

Preview

Text - Published Version Available under License Creative Commons Attribution. Download (1MB) | Preview

Abstract

When South Africa’s credit/debt landscape expanded during the 1990s, this was justified by some as a new form of inclusion but alleged by others to have intensified the power and profit of capitalism and acted to the detriment of householders, thus perpetuating ‘credit apartheid’. Yet blame cannot be so easily assigned. Forces of state and market have intertwined to create a redistributive neoliberalism, enabling brokers – who have played a key role in establishing the current credit/debt landscape - to insert themselves into the interstices of the system, making money by adding interest at every point in the value chain. Apartheid’s spatial separations meant that traders– and later informal moneylenders - relied on agents to bridge the gap between themselves and the rural/township world of economic informality. Even attempts at credit reform have been complicated, and stalled, by the ongoing presence of intermediaries. The paper explores this dynamic, illustrating how difficult it is to separate bad from good protagonists or perpetrators from victims.

Item Type:	Article
Official URL:	http://www.tandfonline.com/loi/retn20
Additional Information:	© 2017 The Authors © CC BY 4.0
Divisions:	Anthropology
Subjects:	G Geography. Anthropology. Recreation > GN Anthropology
Date Deposited:	08 Aug 2017 12:11
Last Modified:	16 Nov 2024 18:45
Projects:	RES-062-23-1290
Funders:	Economic and Social Research Council
URI:	http://eprints.lse.ac.uk/id/eprint/83722

Actions (login required)

View Item