New financializations, old displacements

Neo-extractivism, 'whitening', and consumption in Latin America

Datos Bibliográficos

ID2181817
AutoresEmmanuel Guerisoli (New School), Santiago Mandirola (0009-0006-7855-4734, New School, autor de correspondencia)
Año2024
Volumen17
Número4
Páginas452-469
Fecha de publicación2024-07-03
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of Cultural Economy (JOURNAL)
Identificadores de la revistaISSN: 1753-0350 • E-ISSN: 1753-0369
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/17530350.2022.2085143
OpenAlexW4283390760
IdiomaEN
Citas recibidas6
Referencias citadas51

The wave of Latin American left-wing governments of the 2000s claimed to have redistributed the national wealth originating from the extraction of natural resources. Termed ‘neo-extractivism’, this strategy expanded the extractive frontier and relied on the intensive exploitation of natural resources to reinvigorate welfare programs. During this period, we contend, financialization took new shapes, both in how raw materials were commercialized and in the new forms of credit and consumption enabled by the social programs institutionalized by the progressive Latin American governments during the 2000s. Indigenous, mestizo, and afro-descendant populations were the ones that confronted the expulsion produced by this economic model, displaced by the repurposing of land to expand extractive projects. We frame the ghost of empire as an instrumental metaphor to understand the concrete impacts of extractive policies, the financial relations they produced, and the racial forced displacements they generate. The ghost of empire metaphor articulates the interrelation between culture and economy, with an economic realm focused on growing state revenues via the intensive extraction of natural resources, and a cultural imagination that legitimizes the displacement and dispossession of those affected by the model in a way that inevitably reconjures the spectral forces of the colonial past

Economics · Economy · Empire · Frontier · Latin Americans · Metaphor · Natural resource · Political economy · Political science · Sociology · Agriculture, Land Use, Rural Development · Housing, Finance, and Neoliberalism · Law · Water Governance and Infrastructure