Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction

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The cycle of external indebtedness of dependent countries has become a huge constraint on any strategy for radical social change. Argentina has recently entered a new process of debt overhang and renegotiation with the International Monetary Fund and private global creditors. The dominant debate aro...

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Autor principal: Féliz, Mariano
Formato: Parte de libro publishedVersion
Lenguaje:Inglés
Publicado: 2023
Materias:
Economía
Economía nacional
Capital
Trabajo
Argentina
Debt
Extractivism
Sustainability
Life
Dependency
Social reproduction
Labor
Acceso en línea:https://www.memoria.fahce.unlp.edu.ar/libros/pm.5934/pm.5934.pdf
Aporte de:
Memoria Académica - FaHCE (UNLP) de Universidad Nacional de La Plata
id I19-R125-Jpm5934
record_format dspace
spelling I19-R125-Jpm59342023-05-24 2023 Féliz, Mariano The cycle of external indebtedness of dependent countries has become a huge constraint on any strategy for radical social change. Argentina has recently entered a new process of debt overhang and renegotiation with the International Monetary Fund and private global creditors. The dominant debate around the country's foreign debt revolves around the conditions that can guarantee the sustainability of repayment. The underlying objective is to remain in the debt system that produces and reproduces dependency. This chapter will seek to analyze the question of debt sustainability from another point of view: Is it possible to guarantee the (financial) sustainability of the debt at the same time as guaranteeing the sustainability of life? Our argument is that by remaining in the global debt system, Argentina creates conditions that violate the requirements for the sustainability of human and nonhuman life. Drawing on a discussion from Marxist dependency theory and the traditions of Marxist feminism and environmentalism, we will discuss how the debt sustainability argument presupposes the impossibility of reproducing life. In particular, we will show how the conditions required to guarantee debt sustainability in Argentina entail the deepening of the superexploitation of the "productive" and "reproductive" labor force, and the exacerbation of extractivism, putting social reproduction in crisis. Fil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación. Instituto de Investigaciones en Humanidades y Ciencias Sociales (UNLP-CONICET); Argentina. application/pdf eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/4.0/ N.S. Sylla (Ed.) (2023). Imperialism and the political economy of global south's debt. Bingley : Emerald. p. 23-53 Economía Economía nacional Capital Trabajo Argentina Debt Extractivism Sustainability Life Dependency Social reproduction Labor Argentina Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction info:eu-repo/semantics/bookPart info:ar-repo/semantics/parte de libro info:eu-repo/semantics/publishedVersion https://www.memoria.fahce.unlp.edu.ar/libros/pm.5934/pm.5934.pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-125
collection Memoria Académica - FaHCE (UNLP)
language Inglés
orig_language_str_mv eng
topic Economía
Economía nacional
Capital
Trabajo
Argentina
Debt
Extractivism
Sustainability
Life
Dependency
Social reproduction
Labor
Argentina
spellingShingle Economía
Economía nacional
Capital
Trabajo
Argentina
Debt
Extractivism
Sustainability
Life
Dependency
Social reproduction
Labor
Argentina
Féliz, Mariano
Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
topic_facet Economía
Economía nacional
Capital
Trabajo
Argentina
Debt
Extractivism
Sustainability
Life
Dependency
Social reproduction
Labor
Argentina
description The cycle of external indebtedness of dependent countries has become a huge constraint on any strategy for radical social change. Argentina has recently entered a new process of debt overhang and renegotiation with the International Monetary Fund and private global creditors. The dominant debate around the country's foreign debt revolves around the conditions that can guarantee the sustainability of repayment. The underlying objective is to remain in the debt system that produces and reproduces dependency. This chapter will seek to analyze the question of debt sustainability from another point of view: Is it possible to guarantee the (financial) sustainability of the debt at the same time as guaranteeing the sustainability of life? Our argument is that by remaining in the global debt system, Argentina creates conditions that violate the requirements for the sustainability of human and nonhuman life. Drawing on a discussion from Marxist dependency theory and the traditions of Marxist feminism and environmentalism, we will discuss how the debt sustainability argument presupposes the impossibility of reproducing life. In particular, we will show how the conditions required to guarantee debt sustainability in Argentina entail the deepening of the superexploitation of the "productive" and "reproductive" labor force, and the exacerbation of extractivism, putting social reproduction in crisis.
format Parte de libro
Parte de libro
publishedVersion
author Féliz, Mariano
author_facet Féliz, Mariano
author_sort Féliz, Mariano
title Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
title_short Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
title_full Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
title_fullStr Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
title_full_unstemmed Can debt be sustainable, if life isn't? Argentina's debt crisis and social reproduction
title_sort can debt be sustainable, if life isn't? argentina's debt crisis and social reproduction
publishDate 2023
url https://www.memoria.fahce.unlp.edu.ar/libros/pm.5934/pm.5934.pdf
work_keys_str_mv AT felizmariano candebtbesustainableiflifeisntargentinasdebtcrisisandsocialreproduction
_version_ 1768268383889915904

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