Abstract Title
Economically Dragooned: How the Rich Convince the Poor to Participate in Their Impoverishment
Additional Funding Sources
The project described was supported by the Ronald E. McNair Post-Baccalaureate Achievement Program through the U.S. Department of Education under Award No. P217A170273.
Abstract
Deregulation of the financial sector has led to economic inequality of unprecedented proportions in the United States. The specific mechanisms for how this plays out in everyday life becomes invisible through the banality of a culture that venerates conspicuous consumption. A perplexing cyclical pattern of destitution develops in which financial instability further amplifies a “keep up with the Joneses” consumer desire in America. This mentality is obscurely capitalized on by corporations by concealing inequitable rent extraction for culturally glorified items. How does America’s consumer culture affect the wealthy classes’ ability to dragoon lower-class individuals into actively participating in their further impoverishment through unscrupulous rent payments, thus exacerbating economic inequality? This strategy of financial dominance on the impecunious by the wealthy elite, is revealed in my current employment with a local rent-to-own company. Through ethnographic analyses, I will explain how this rent-to-own business convinces poor people to participate in their impoverishment.
Economically Dragooned: How the Rich Convince the Poor to Participate in Their Impoverishment
Deregulation of the financial sector has led to economic inequality of unprecedented proportions in the United States. The specific mechanisms for how this plays out in everyday life becomes invisible through the banality of a culture that venerates conspicuous consumption. A perplexing cyclical pattern of destitution develops in which financial instability further amplifies a “keep up with the Joneses” consumer desire in America. This mentality is obscurely capitalized on by corporations by concealing inequitable rent extraction for culturally glorified items. How does America’s consumer culture affect the wealthy classes’ ability to dragoon lower-class individuals into actively participating in their further impoverishment through unscrupulous rent payments, thus exacerbating economic inequality? This strategy of financial dominance on the impecunious by the wealthy elite, is revealed in my current employment with a local rent-to-own company. Through ethnographic analyses, I will explain how this rent-to-own business convinces poor people to participate in their impoverishment.
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