Accumulation through Borrowing: Capital and Social Transformation in the Neoliberal Era in Turkey

Yükleniyor...
Küçük Resim

Tarih

2023

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press

Erişim Hakkı

info:eu-repo/semantics/openAccess

Özet

This study examines the effects of debt policies on capital accumulation and social transformation in the neoliberal period in Turkey. In the post-1980 period, neoliberal policies reinforced the dominance of financial capital while making debt mechanisms one of the main instruments of social control. Especially with the liberalization of capital movements in 1989, financial capital accumulation and debt strategies gained a new dimension. The politics of debt in Turkey has been shaped by the state’s transfer of resources to finance capital through domestic borrowing, the marketization of public services and the inclusion of households in the financial system. This study argues that the neoliberal debt regime is not only an economic strategy, but also plays a central role in the construction of social control and disciplinary mechanisms. While ensuring the sustainability of capital accumulation, this regime reorganized the power relations between social classes in favor of finance capital.

Açıklama

Anahtar Kelimeler

Neoliberalism, Debt, Finance Capital, Capital Accumulation, Politics of Debt in Turkey

Kaynak

Journal of Sustainable Economics and Management Studies

WoS Q Değeri

Scopus Q Değeri

Cilt

4

Sayı

1

Künye

Aydoğdu, Y. (2025). Accumulation through Borrowing: Capital and Social Transformation in the Neoliberal Era in Turkey. Journal of Sustainable Economics and Management Studies, 4(1), 1-24.