Development problems are reframed as mere market-access problems.

Evidence

Here, the challenges of “development” (whether of nations, communities or individuals) are imagined largely as the inaccessibility or prejudice of markets; venture philanthropy initiatives aim to precisely mobilize targeted funds to leverage open market opportunities for those who would otherwise be too poor or too benighted to benefit from them. — Max Haiven, Cultures of Financialization, 419

Categorization

  • XREF: Echoes the financial-inclusion critiques from the microfinance literature and Sharma’s critiques seen elsewhere; ties to deWaard’s premise that finance reframes public problems as individual market failures. — connects to: Neoliberalism holds that markets can solve the very problems markets create — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 2134; Economic problems are political problems about how social power is distributed — Clara E. Mattei, Escape from Capitalism: An Intervention, 38; Economic ideas can blind policymakers to the flaws of their institutional designs — Mark Blyth, Austerity: The History of a Dangerous…, 252 (+3 more)

Broader Connections