Risky Returns: The Implications of Financialization in the Food System

Risky Returns: The Implications of Financialization in the Food System
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DOI:
10.1111/dech.12376
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发表时间:
2018-03-01
影响因子:
3
通讯作者:
Isakson, S. Ryan
Isakson, S. Ryan
中科院分区:
法学2区
文献类型:
--
作者:
Clapp, Jennifer;Isakson, S. Ryan

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本文探讨了农业食品部门金融化的兴起,并绘制了它的展开方式及其影响。文章认为,金融化为农业食品部门的资本积累开辟了新的领域;以满足股东需求的方式重塑了农业食品公司;并改变了食品和社会供应的日常做法。作者认为,这三个广泛的进程虽然各自都很重要,但它们是相互联系和相辅相成的。文章还认为,农业食品部门金融化的复杂迭代对粮食和农业供应的长期社会和生态可持续性具有三个重要影响:它加剧了粮食系统中现有的权力和财富不平衡;它增加了农业食品系统内的经济和生态脆弱性;它的发展方式阻碍和抑制了集体对变革和抵制的要求。总之,农业食品部门金融化的这些广泛影响对粮食系统长期提供生计和粮食安全的能力构成了直接挑战。
This article examines the rise of financialization in the agrifood sector and maps out both the way it has unfolded as well as its implications. The article argues that financialization has opened up new arenas for capital accumulation in the agrifood sector; reshaped the agrifood firms in ways that respond to demands of shareholders; and transformed everyday practices of food and social provisioning. The authors make the case that these three broad processes, while each important in their own right, are interconnected and mutually reinforcing. The article also argues that the complex iteration of financialization in the agrifood sector carries three important implications for the long-term social and ecological sustainability of food and agricultural provisioning: it exacerbates the existing imbalances of power and wealth in the food system; it increases economic and ecological vulnerabilities within agrifood systems; and it has evolved in ways that impede and dampen collective demands for change and resistance. Taken together, these wider implications of financialization in the agrifood sector present a direct challenge to the ability of food systems to provide livelihoods and food security over the long term.