Everyday Debt and Credit

Deville, Joe; Seigworth, Gregory J.

doi:10.1080/09502386.2015.1017091

Cited by 41 publications

(14 citation statements)

References 29 publications

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“…According to Aitken (2006: 482), fringe finance is especially problematic because so many of its negative effects are 'felt disproportionately among poor and minority populations', as they attempt to manage monetary issues through forms of both 'self-governmentality' and 'coercion' by the systems themselves (on social issues around debt more broadly, see Deville and Seigworth, 2015;Iafrati, 2014;Marron, 2012;Wilkis, 2015). As Deville (2015) has demonstrated, credit objects such as credit cards are central to the both practices of self-governmentality and coercion, operating as 'lures for feeling' that tempt people into borrowing, with digital interfaces in HCSTC proving particularly effective (Deville and Velden, 2016).…”

Section: Introductionmentioning

confidence: 99%

Digital interface design and power: Friction, threshold, transition

et al. 2018

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. products accessed via digital interfaces and devices to examine practices of interface design and the operation of digitally mediated power. Utilising interviews with HCSTC website designers and users of these products, the paper shows how these interfaces are designed and tested to manage frictions: practical, affective or emotional blocks that interrupt or stop users from applying for these products and entering into credit and debt. We suggest that the key role of interface design is to manage these frictions by guiding action in such a way to minimise intentional or propositional thought and negative affective states at key thresholds of the application process. The management of friction is enabled by practices of data driven design, where the contingency of human response is engineered through analytics in order to increase rates of application. Working through the example of HCSTC, the paper complicates a notion of control as a smooth or automatic operation of power, instead emphasising the necessity of both continuity and discontinuity as key to modulating action in a digital age. To understand the specificity of interface interactions and move beyond existing work on control, we offer a vocabulary of friction, thresholds, and transitions.

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Section: Introductionmentioning

confidence: 99%

Digital interface design and power: Friction, threshold, transition

et al. 2018

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“…As a power relation, moreover, credit-debt is increasingly significant to governing the population. There is clearly a sense in which, as Deville and Seigworth (2015) have it, 'credit and debt … have woven themselves through and around daily existence', such that 'the rhythms of our ever-roiling financial humdrum become a kind of collectively resigned ho-hum' (p. 618). Being governed in this way is also experienced particularly forcefully and painfully by payday loan borrowers, as they struggle with their loans and other debt repayments alongside the costs of social reproduction.…”

Section: Discussionmentioning

confidence: 99%

“…Rather, contemporary credit-debt relations feature the 'machinic subjugation' of credit scoring techniques in order that credit and creditworthiness can be differentially assessed and priced in terms of risk (Lazzarato, 2012, p. 150). At the same time, the power relations of credit-debt work on and through the intimacies and intensities of everyday and embodied lived experiences (Deville, 2015;Deville and Seigworth, 2015).…”

Section: Indebted Life and Payday Lendingmentioning

confidence: 99%

“…For us, the concept of money culture needs to be developed in a way that moves beyond definitions of 'culture' that were introduced into the early elaborations of the relational approach by Zelizer (1994Zelizer ( , 2011 and others. Conceptions of culture in the study of money have remained largely immune from the so-called 'affective turn' across the social sciences (Gregg and Seigworth, 2010), despite the foothold it has established in cultural economy accounts of financial markets and indebted life (Deville, 2015;Deville and Seigworth, 2015;Langley, 2015). In Dodd's (2014) recent overview of the relational approach, for example, culture is defined as 'shared meanings, and our representations of them' that shape 'what money has variously come to be' (p. 272).…”

Section: Money's Affectsmentioning

confidence: 99%

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Indebted life and money culture: payday lending in the United Kingdom

Langley

Anderson

Ash

et al. 2019

Economy and Society

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“…As Konings (2015) points out, in many accounts 'neoliberalism's discourses are construed as working in relatively clean and straightforward ways, generating depoliticized practices and calculative, self-reliant subjects that constitute their selves in the mirror of neoliberal ideology ' (2015, p. 29). Moreover, this tendency to reduce governmentality to an imposing apparatus through which subjectivities are produced tends to regard the everyday as a space within which to form docile bodies, even in studies of the financialization of everyday life (Binkley 2009, Deville andSeigworth 2015).…”

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confidence: 99%

Think rich, feel hurt: the critique of capitalism and the production of affect in the making of financial subjects in South Korea

Kim

2016

Cultural Studies

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This article describes the process of financial subjectification by observing a private educational programme on financial self-management in South Korea. 'Wealth-tech' is a popular Korean term that refers to techniques of personal finance and money-management. Ethnographic research on a private educational programme on the subject of wealth-tech brings to light justifying mechanisms of financial investments and moral foundations for the pursuit of wealth whereby laypeople's engagement with, and attachment to, financial markets are (re-)vitalized. In particular, this study highlights the role of critiques about capitalism as well as the production of affect in the making of financial subjects. By re-appropriating critiques of capitalism and employing therapeutic narratives, the wealth-tech pedagogy redefines financial investment as an act of resistance against the ills of capitalism and foreign capital. Moreover, this case study shows that wealth-tech is legitimized not solely by risk calculations per se, but also by feelings of hurt. Participants tend to transform themselves into active wealth-tech practitioners by cultivating the kind of affect that I call here 'thinking rich, feeling hurt'. Therefore, the financial subjects configured in this wealth-tech pedagogy are those who feel hurt, and in this emotive state are led to think from the perspective of the rich. Moreover, they are configured not only as selfgoverning individuals but also as collective beings who resist foreign capital through their own engagement with financial markets. In this process of financial subjectification, the beliefs that finance can make them rich become consolidated. By illustrating these Korean experiences, this article calls attention to critical and affective practices in the process of financial subjectification, in particular those that take shape at the encounter between market rationality and ordinary experiences, memories, and feelings whereby laypeople translate discourses and techniques of financial capitalism into their own values and judgments. KEYWORDS Wealth-tech; financial subject; financial self-help; critique of capitalism; affect; South Korea This study explores private pedagogy related to financial self-management (wealth-tech) in South Korea, with a focus on the role that critiques and affect play in its production of financial subjects. As finance has become

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Everyday Debt and Credit

Cited by 41 publications

References 29 publications

Digital interface design and power: Friction, threshold, transition

Digital interface design and power: Friction, threshold, transition

Indebted life and money culture: payday lending in the United Kingdom

Think rich, feel hurt: the critique of capitalism and the production of affect in the making of financial subjects in South Korea

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