abstract This article investigates long-term processes of financialization unfolding in the aftermath of the 2015 earthquakes in Nepal, engaging with literatures on financialization and political economy of disaster and development. The article probes the evolving financialized social relations in Nepal in the context of humanitarian relief and reconstruction, paying particular attention to processes through which wide-scale political economies enter into the daily lives of disaster victims and play key roles in transforming their economic practice and subjectivity. In the name of relief and reconstruction, foreign investment combined with urban surplus capital has circulated within Nepal as finance in rural, earthquake-affected areas—making the earthquakes a truly lucrative disaster. The article deploys a conjunctural approach to understanding disaster financialization as a multiscalar process constituted through geoeconomic logics, state–market complexes, and economic subjectivity. Each of these dimensions of disaster financialization is elaborated in separate sections of the article. We conclude by cautioning against both celebrations and outright rejections of finance as a viable and desirable modality for disaster reconstruction—calling instead for a more nuanced understanding of disaster financialization and its implications for affected populations.

中文翻译：

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有利可图的灾难：尼泊尔的金融化、积累和震后重建

摘要 本文调查了 2015 年尼泊尔地震后金融化的长期过程，涉及金融化和灾害与发展的政治经济学的文献。文章探讨了在人道主义救济和重建背景下尼泊尔不断演变的金融化社会关系，特别关注大规模政治经济进入灾民日常生活并在转变他们的经济实践和主体性方面发挥关键作用的过程。 . 以救灾和重建为名，外国投资与城市剩余资本相结合，在尼泊尔境内作为农村、地震灾区的金融流通——使地震成为真正有利可图的灾难。本文采用结合方法将灾害金融化理解为由地缘经济逻辑、国家-市场复合体和经济主观性构成的多标量过程。灾难金融化的这些维度中的每一个都在文章的不同部分中进行了阐述。最后，我们警告不要庆祝和完全拒绝融资作为灾难重建的可行和理想的方式——而是呼吁对灾难金融化及其对受灾人口的影响有更细致的理解。