Historical Precedents, Contemporary Manifestations: Crisis and the Socialization of Financial Risk in Neoliberal Mexico

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Main author: Marois, Thomas
Format: Journal Article           
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id eprints-16929
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description Mexican society has experienced three costly finance-related crises in 1982, 1994-95, and 2008-09. In each case the continuity of capitalist development depended in large part on state authorities drawing the worst financial risks into the state apparatus, that is, on socialization. While most understandings of socialization remain at a largely technical understanding, I argue that the socialization of financial risk in Mexico rests on distinctively class-based material and institutional processes. The processes of socialization have been historically constitutive of neoliberalism and the current phase of financial accumulation in Mexico.
format Journal Article
author Marois, Thomas
author_facet Marois, Thomas
authorStr Marois, Thomas
author_letter Marois, Thomas
title Historical Precedents, Contemporary Manifestations: Crisis and the Socialization of Financial Risk in Neoliberal Mexico
publisher Sage
publishDate 2014
url https://eprints.soas.ac.uk/16929/

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