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P15


Capitalizing on precarity: Informality, caring capitalism, and new circuits of accumulation 
Convenors:
Kate Meagher (London School of Economics and Political Science)
Jacinta Victoria S Muinde (University of Oslo)
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Format:
Paper panel
Stream:
Labour, incomes and precarity in development
Location:
C426
Sessions:
Friday 28 June, -, -
Time zone: Europe/London
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Short Abstract:

Post-COVID development perspectives have focused attention on informal workers, calling for a more caring, inclusive economy. This panel examines whether caring countermovements to reincorporate surplus informal workers into global circuits of capital serve exploitative or transformative outcomes.

Long Abstract:

Post-COVID perspectives on global development have shone a spotlight on informal workers, emphasizing their vulnerability, economically essential role, and need for social welfare support. For many, this represents the end of neoliberalism and the emergence of a new more caring capitalism. This panel takes a closer look at the ways in which informal and precarious workers are being incorporated into circuits of accumulation under the auspices of inclusive capitalism and the caring state. It raises new questions about the terms on which informal workers, previously viewed as surplus to the needs of capital, are being reincorporated into the global economy, asking on what terms, who benefits, and what a genuinely transformative approach to the welfare of informal workers might look like.

Taking a critical look under the veil of socially caring counter-movements, this panel invites strong theoretical or fieldwork-based papers that scrutinize the ways in which informal workers are being revalorised within the global economy, and whether protective measures lift workers out of informality or normalize accumulation based on informal labour. Empirical contexts may range from financial inclusion measures, health insurance or cash transfers to turn informal workers into financialized income streams, safety and insurance measures that legitimate gig work without making it decent work, or NGO initiatives used to smooth the transformation of refugees into exploited informal workers in global value chains.

This panel will interrogate the incorporation of informal workers into global circuits of accumulation, the role of care in that process, and the prospects for transformative outcomes.

Accepted papers:

Session 1 Friday 28 June, 2024, -
Session 2 Friday 28 June, 2024, -