Credit and Debt in an Unequal Society: Establishing a Consumer Credit Market in South Africa

Credit and Debt in an Unequal Society: Establishing a Consumer Credit Market in South Africa

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Author/Contributor(s): Schraten, Jürgen
Publisher: Berghahn Books
Date: 02/03/2020
Binding: Hardcover
Condition: NEW

South Africa was one of the first countries in the Global South that established a financialized consumer credit market. This market consolidates rather than alleviates the extreme social inequality within a country. This book investigates the political reasons for adopting an allegedly self-regulating market despite its disastrous effects and identifies the colonialist ideas of property rights as a mainstay of the existing social order. The book addresses sociologists, political scientists, anthropologists and legal scholars interested in the interaction of economy and law in contemporary market societies.