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Need for nuanced approaches to understand the intimate, lived and embodied experiences of everyday finance and debt beyond financialization of everyday life.

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Indebtedness impacts everyday lives and livelihoods

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Indebtedness impacts everyday lives and livelihoods

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 Financialization leads to further indebtedness

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 Financialization leads to further indebtedness

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Financialization in economic geography through the lens of recent feminist interventions in the financialization of social reproduction.

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Financialization and the stock market

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is “doubly vulnerable” because of its preexisting vulnerable social system (characterized by, among other things, lack of democratic practices, pervasive social inequality and corruption, and poor record of rule of law) as well as external pressures (coming from, for example, global climate change, debt repayment schedule, etc.)

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It is where it has the least social and ecological impact, as a consequence of the production treadmill, but it is where it is most consumed.

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The impacts of the treadmill of production, are realized and experienced differently

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when we consume anything, we are reproducing inequalities.

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Transnational corporations (TNCs) began to outsource their production plants and operations to developing countries in a bid to maximize profit by reducing production costs and increasing operational flexibility

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As the key process in explaining the increasing enviromental problems in today's globalisation of production, especially in developing countries.

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The global "treadmill of production" (ToP) arguably leads to the global "treadmill of destruction"

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Egocentric and anthropocentric discourse.

We are the only species capable of being aware of our existence.

Western knowledge is universal.

The sense of collectivity is lost and we only focus on the subject.

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the colonies provided, and continue to provide, the colonizers (the north) with raw material.

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coloniality as the material substitute for progress.

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everything we consume is connected to the global chain

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Capitalism in the global era expands all across the planet.

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Modernity and coloniality are the same ontological entity. there is no way to separate both concepts

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sphere of representation

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The linear understanding of time and reduction of space

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It is understood as a linear progress, where the goal is modernity

Cartesian division mind body

Aristotelian rationality and logic are the only valid rationality.

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Can be a historical period and an ideology.

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Can be a historical period and an ideology.

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This is wrong as we should perceive all communities as equal, not in terms of resources or privilege, but in the value of their knowledge and ways of living

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This marginalizes non hegemonic communities, as they can only be seen as protected as “part of the past”, which can also lead to idealization

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The way of understanding development till know has transformed spatial heterogeneity into temporal sequences so it imposes a universal vision of how a good life should be

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Wolfgang Sachs: Sustainable development which is conscious of geopolitics, globalization and is critical of the current model

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Tries to get rid of the us/them narrative. Not erasing the differences between global north and global south, but understanding that we all should unite towards a decolonial point of enunciation

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Jeffrey Sachs: Sustainable development that tries to end poverty and be conscious of others, however it is still based in a model which fails to consider differences, and perceives development in a lineal structure

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Goldman Sachs: Development and fulfillment of wealth through all costs, not determining whether is harmful to others or not

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Cannot be thought as something that goes after development, but beyond, that takes into account different perspectives, ways of seeing the world, one that blooms within heterogeneity

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Promotes a similar approach to different issues that need a particular understanding

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Erases heterogeneity

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Chaos

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Collapse

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End of rationality

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Development has worked as an ideological tool that erases other ways of living outside of capitalism

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D. Involve the subjetive plane of human consciousness

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D. Involve the subjetive plane of human consciousness

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Globalisation procces do not occur merely on an objetive, material level.

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of social exchanges and activities

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social relations

activities

connections

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and the multiplication of existing connections

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Globalisation is about growing worldwide interconnectivity

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people are affected and impacted differently

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one of globality

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Our present social condition of conventional nationality

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growing consciousness of thickening globality.

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economical

political

cultural

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That blurs most of the current borders and boundaries.

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Considered as a global-local nexus

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Spaces are generated through relationships, therefore, all these characteristics make the global south.

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not having equal access to opportunities or good economic systems leads to high rates of inequality.

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These power relations also affect the countries' economic flows.

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capital flows and power relations make some countries inferior to others.

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since the world is made up of relationships, conflicts between north and south generate changes in places.

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Through

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Increase in the intercconected nature of social life

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Increase in the intercconected nature of social life

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wars

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coming out of the closet

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Capital flows

Knowledge flows

Flows of social movements

Ecosystem flows

Authority flows

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This is always decided by power relations.

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All spaces are mediated by relationships, and these are distributed throughout the world because it is connected.

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Every historical act changes the place (also non-physical places)

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Space is the product of relationships and connections.

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Cartography expresses power relations

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When cities or independent countries are represented as independent or not on maps.

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Europe on maps is bigger than Africa.

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All imaginary lines have an impact on people's lives.

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maps divide, and position spaces in specific political and social locations.

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deciding the space by means of imaginary lines

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Appropriating a space is important to give it meaning.

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Power over the global south

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Latinoamérica (feat. Totó la Momposina, Susana Baca & Maria Rita)

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Latinoamérica (feat. Totó la Momposina, Susana Baca & Maria Rita)

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Conflict of interest with industrialized powers

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Conflict of interest with industrialized powers

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Ideological dispositives

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Global South

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Categories, Models, Identities

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Impositions of developed countries

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Embodiment of colonialism

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Economic growth