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Tales from Albarado – Ponzi Logics of Accumulation in Postsocialist Albania

Autor Smoki Musaraj
en Limba Engleză Paperback – 14 aug 2020
Tales from Albarado revisits times of excitement and loss in early 1990s Albania, in which about a dozen pyramid firms collapsed and caused the country to fall into anarchy and a near civil war. To gain a better understanding of how people from all walks of life came to invest in these financial schemes and how these schemes became intertwined with everyday transactions, dreams, and aspirations, Smoki Musaraj looks at the materiality, sociality, and temporality of financial speculations at the margins of global capital. She argues that the speculative financial practices of the schemes were enabled by official financial infrastructures (such as the postsocialist free-market reforms), by unofficial economies (such as transnational remittances), as well as by historically specific forms of entrepreneurship, transnational social networks, and desires for a European modernity. Overall, these granular stories of participation in the Albanian schemes help understand neoliberal capitalism as a heterogeneous economic formation that intertwines capitalist and noncapitalist forms of accumulation and investment.
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Specificații

ISBN-13: 9781501750342
ISBN-10: 1501750348
Pagini: 216
Dimensiuni: 151 x 227 x 19 mm
Greutate: 0.32 kg
Editura: MB – Cornell University Press

Descriere

"This book examines how people from all walks of life mobilized different forms of wealth-savings, privatization vouchers, remittances, housing, social ties-to invest in the speculative pyramid schemes that were all the rage in late 1990s Albania"--