ABSTRACT

The financialization literature focuses on how people become docile neoliberal subjects and pays less attention to debt resistance. This article focuses on this less explored dimension. The article draws on the case of Chile to explore the way in which the financialization of higher education leads to the politicization of debt. It makes the case that social mobilization around student debt is a late stage in a succession of policy and political conflicts. These, moreover, arise from the fact that the financialization of social policy implies the reconciliation of three seemingly contradictory goals: the reach of fiscal responsibility and economic efficiency, the fulfillment of policy goals, and the management of the political consequences of imposing a debt-burden to citizens that are constituents. The case shows that, as legislators and policymakers insist on tackling these dilemmas favoring market mechanisms, e.g. the privatization of student debt, massive and deregulated extension of credit, they create the conditions for a ‘student debt crisis’ to arise. However, the extent to which such crisis may trigger the rise of social movements of debtors, depends on factors such as existing conceptions about debt and social rights, institutional incentives, and the existence of political organizations.

抽象的

金融化文献集中于人们如何成为温顺的新自由主义主体，而较少关注债务抵抗。本文着重于这个较少探索的维度。本文以智利为例，探讨了高等教育的金融化导致债务政治化的方式。。它证明了围绕学生债务的社会动员是一系列政策和政治冲突的后期。此外，这些是由于以下事实引起的：社会政策的金融化意味着三个看似矛盾的目标的和解：实现财政责任和经济效率，实现政策目标以及管理债务的政治后果-构成公民的负担。该案例表明，由于立法者和政策制定者坚持解决有利于市场机制的这些难题，例如学生债务的私有化，信贷大规模扩张和放松管制，它们为“学生债务危机”的产生创造了条件。但是，这种危机可能在多大程度上触发债务人的社会流动，