Home ownership dissolved spatial working-class solidarity and tethered workers to markets.

Evidence

This was, of course, part and parcel of the destruction of spatial forms of working-class solidarity based in dense urban communities or the shared experience of tenancy. Home ownership became one of the key means of encouraging workers to tether their hopes and dreams to the capitalist marketplace and to define economic and social gender norms in the post-war period. Robin Blackburn (2006) has illustrated the way retirement investments likewise tether working-class prosperity to ruling class interests. — Max Haiven, Cultures of Financialization, 518

Categorization

• XREF: The ‘tethering hopes to the marketplace’ mechanism is a direct precursor of financialization’s cultural colonization that deWaard traces; resonates with mortgage-backed securities as political control. — connects to: Geographic dispersion of industry dissolved the physical base of class solidarity. — Anton Jäger, Hyperpolitics: Extreme Politicization…, 250; Housing asset ownership now structures class and inequality more than occupation does. — Paul Langley, Assets and Assetization in…, 39; Decline of middle-class ownership eroded the family’s role and paternal authority (+2 more)

Broader Connections

• Geographic dispersion of industry dissolved the physical base of class solidarity. #corroborates (0.95) — Anton Jäger, Hyperpolitics, 250
• Soviet wage differentials and competition destroyed working-class solidarity #complicates (0.78)
• Proletarianization created divisions among workers instead of erasing them #complicates (0.75)
• Housing asset ownership now structures class and inequality more than occupation does. #expands (0.72) — Paul Langley, Assets and Assetization in…, 39
• Decline of middle-class ownership eroded the family’s role and paternal authority #expands (0.72)