Abstract

GONZALEZ LOPEZ, Felipe. Credit, debt and financial governance in Chile. Rev. Mex. Sociol [online]. 2018, vol.80, n.4, pp.881-908. ISSN 2594-0651.

This article develops the idea that indebtedness in Chile has become a particular way of “governing behaviors” that can be described as “financial governance”. Financial governance is characterized by three fundamental facts. Firstly, finance has served as a public policy whereby distributive conflicts have been postponed. Secondly, financialization consists of “creating” economically viable subjects from low-income households, for which the lives of individuals are classified and organized. Thirdly, material and symbolic debt management becomes a key element of democratic governance.

Keywords : financialization; governance; credit; debt.

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