Women,Money and Debt: Notes for a Feminist Reappropriation Movement

ABSTRACT

What are the consequences and implications for women of the imperative of waged work and the rolling back of welfare provisions? In this article Silvia Federici charts how the consequences have not only been increases in unpaid labour but also a financialisation of social reproduction. These phenomena have turned every aspect of daily reproduction into a means of capital accumulation and led to a significant increase in women’s debt. In a world where finance has become a dominant force, Federici argues that the economic situation that women face demands a rethink of the ‘right to work’ strategy that mainstream feminists have embraced in the pursuit of economic autonomy. This is so not least because the quest for autonomy has been turned into an engine for the production of a large female underclass for whom dependence on men has been replaced by dependence on banks.