Abstract

In the past three decades we have witnessed the worldwide development of new economic dynamics that have intensified the most perverse and harmful effects of globalization processes The global economy has increasingly produced intense social vulnerability and has driven a large number of people out of the center of the economic and social order Sassen 2016 This economic model responds to a logic of financialization of all domains of social life imposed by different political choices and decisions that result in the degradation of working conditions and the increase of precariousness and insecurity throughout the world Harvey 1985 These consequences are not new and have already been described and analyzed by authors such as Serge Paugam 1991 Robert Castel 1995 and Didier Fassin 1996 among others However as Saskia Sassen 2016 points out in a broader sense this logic of financialization and production of new inequalities underway in the contemporary world can be seen as a more profound systemic underlying tendency that articulates realities that unite us They often seem disconnected and their modes of action which can be characterized by their complexity may include different dynamics and even coexist with economic growth