Thursday, February 21, 2019

6.2 Occult Economies (2)

After reading this article, reflect on the following statement: "I am saying we should contextualize Madoff as an effect of finance capital, rather than a bad apple, just as I am trying to suggest that el millionario's scheme "worked" by mixing development culture with "traditional" beliefs in ways that morphed human connections ("social capital") into money. In so doing I hope to transform the objects of the ugly stereotype of the gullible Maya (or the greedy Jew) into rational moral actors." (p. 216)