Philip Mader Card Crusaders, Cash Infidels and
the Holy Grails of Digital Financial
Inclusion in BEHEMOTH A Journal on Civilisation
2016 Volume 9 Issue No. 2
email: jonone100[at]gmail[dot]com
twitter: @jonone100
Any comments please email me or connect on Twitter.
Artwork is by James Spanfeller for Avant Garde Magazine (May 1968)
************************************************************************
Saturday, January 28, 2017
Money Wisdom #428
"...in the Global South microcredit grew thanks to state welfare retrenchment,
deregulation, and the globalisation of financial markets, but also due to the
moral promise of mass empowerment through small enterprise. This promise
was anchored in the public imaginary among other things through the Gandhi-esque
presence of Muhammad Yunus, who promised a poverty-free world
by ending “financial apartheid”, and argued that credit was a “human right”
(Mader 2015, 62). In short, changes in the moral narratives around money and finance go hand-in-hand with changes in the forms and boundaries of
money and finance."