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id	eprints-21232
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	In this article I ask why leading institutions of global capitalism have begun to take activist stances against homophobia, and why they have done so now. Central to these initiatives is a common-sense understanding of homophobia as a cultural disposition that might be disincentivized through the deployment of economic carrots (the promise of growth) and sticks (the withdrawal of capital). Revisiting debates over recognition and redistribution politics, I argue that viewing homophobia as ‘merely cultural’ enables international financial institutions (IFIs) to obscure the material conditions that incubate homophobic moral panics, and their own culpability in co-producing those conditions. Positioning themselves as external to the problem they seek to alleviate, IFIs are able to cast themselves as progressive forces in a greater moral struggle at precisely the historical moment in which austerity and capitalist crisis threaten to bring them into ever greater disrepute. Through a critical survey of recent IFI initiatives on homophobia, I attempt to delineate the emerging contours of what I call ‘global homocapitalism’.
format	Journal Article
author	Rao, Rahul
author_facet	Rao, Rahul
authorStr	Rao, Rahul
author_letter	Rao, Rahul
title	Global Homocapitalism
publisher	Radical Philosophy Group
publishDate	2015
url	https://eprints.soas.ac.uk/21232/