Financialization of Life: A Review and Critic from Perspective of Individuals

Year 2023, Volume: 3 Issue: 2, 280 - 296, 30.12.2023

Hazar Altınbaş

https://doi.org/10.58620/fbujoss.1397006

Abstract

Globalization, neo-liberalization, and financialization are three popular concepts used to understand and explain the political, social, and economic transformations that have taken place worldwide since the 1970s. While researchers and thinkers are sometimes criticized for their tendency to create new concepts (especially those ending with the "-ization" suffix), almost everyone agrees that this period is distinct from previous ones in terms of its unique dynamics. Among these three concepts, financialization, the youngest, has gained more attention after the 2007-2008 global financial crisis. In this study, the topic of financialization will be explored within the framework of how individuals are affected by and interact with the financial system.

Keywords

Finance, inequality, poverty

Yaşamın Finansallaşması: Bireylerin Perspektifinden Bir İnceleme ve Eleştiri

Abstract

Küreselleşme, neo-liberalleşme ve finansallaşma, 1970’li yıllardan itibaren dünyada meydana gelen siyasi, sosyal ve ekonomik dönüşümleri anlamak ve açıklamak için kullanılan üç popüler kavramdır. Araştırmacılar ve düşünürler zaman zaman yeni kavram türetme sevdasına (özellikle de “-leşme”, İngilizce karşılıklarında “-ization” ekiyle) düşmekle eleştiriliyor olsa da hemen herkes, söz konusu dönemin kendisine has dinamikleriyle önceki dönemlerden ayrıştığı konusunda hemfikirdir. Bu üç kavram arasında en genci olan finansallaşma, 2007-2008 küresel finans krizi sonrası daha fazla tartışılmaya başlanmıştır. Bu bölümde finansallaşma konusuna bireylerin finansal sistemden etkilenişi ve etkileşimi çerçevesinde bakılacaktır.

Keywords

Finansallaşma, eşitsizlik, yoksulluk.

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