eprintid: 10078083
rev_number: 16
eprint_status: archive
userid: 608
dir: disk0/10/07/80/83
datestamp: 2019-07-16 16:57:36
lastmod: 2021-09-28 22:17:04
status_changed: 2019-07-16 16:57:36
type: article
metadata_visibility: show
creators_name: Horton, A
title: Financialization and non-disposable women: Real estate, debt and labour in UK care homes
ispublished: inpress
divisions: UCL
divisions: B03
divisions: C03
divisions: F26
keywords: Financialization, neoliberalism, labour, care, real estate
note: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
abstract: This paper contributes to debates on financialization, neoliberalism and labour by investigating the ownership of UK care homes by investment funds. This form of financialized ownership has been driven by debt financing and the realization of value from property assets. Financialization has also been shaped by labour. First, the low status of the mostly female workforce enabled investor buyouts. Second, growing financial pressures have been partly absorbed by the interactive labour of care. This reflects a neoliberal model of investment and regulation, which treats workers as disposable – unskilled and replaceable. Yet many carers reject this, and by continuing to care under deteriorating conditions, they provide a source of value to investors. Third, however, carers’ refusal of disposability can also provoke resistance to financial discipline. This is one of several ways in which caring labour limits financialization. Despite recurrent crises, the system has been condoned by governments as it displaces responsibility for the failures of neoliberal welfare onto financialized corporations. Overall, the paper argues that financialization must be understood as constituted not only by financial practices, property assets and regulation, but also by specific forms of labour.
date: 2019-07-09
date_type: published
publisher: Pion
official_url: https://doi.org/10.1177/0308518X19862580
oa_status: green
full_text_type: other
language: eng
primo: open
primo_central: open_green
verified: verified_manual
elements_id: 1633615
doi: 10.1177/0308518X19862580
lyricists_name: Horton, Amy
lyricists_id: AHORT63
actors_name: Horton, Amy
actors_id: AHORT63
actors_role: owner
full_text_status: public
publication: Environment and Planning A: Economy and Space
issn: 0308-518X
citation:        Horton, A;      (2019)    Financialization and non-disposable women: Real estate, debt and labour in UK care homes.                   Environment and Planning A: Economy and Space        10.1177/0308518X19862580 <https://doi.org/10.1177/0308518X19862580>.    (In press).    Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/10078083/1/Financialization%20and%20non-disposable%20women.pdf