Latent State Infrastructure and Financialisation: Insight from a Post-Apartheid Public Pension Fund and Real Estate

IF 3.6 1区 社会学 Q1 GEOGRAPHY
Antipode Pub Date : 2023-10-16 DOI:10.1111/anti.12990
Sarita Pillay Gonzalez
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Abstract

South Africa's Government Employees Pension Fund (GEPF) is among the world's largest pension funds, public or private. The pension fund's sizeable coffers reflect reforms to its structure undertaken as a safeguard for apartheid bureaucrats. Today, the fund is entangled in South Africa's financial markets. Through an analysis of the GEPF's investment in real estate, it is shown how investments by a government employees’ pension fund intertwine with real estate financialisation in South Africa. Representative of the latent state infrastructure that is not often the site of interrogation in scholarship nor activism, the case of the GEPF can help expand our understanding of the relationship between the state and financialisation.

Abstract Image

潜在的国家基础设施与金融化:后种族隔离时期公共养老基金和房地产的启示
南非政府雇员养老基金(GEPF)是世界上最大的养老基金之一,无论是公共基金还是私人基金。该养老基金拥有庞大的资金,反映出其结构改革是为了保护种族隔离制度下的官僚。如今,该基金与南非的金融市场纠缠不清。通过分析政府雇员养老基金在房地产领域的投资,我们可以看到政府雇员养老基金的投资是如何与南非房地产金融化交织在一起的。南非政府雇员养老基金是潜在的国家基础设施的代表,但在学术界和行动主义中却不常受到质疑,该基金的案例有助于拓展我们对国家与金融化之间关系的理解。
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来源期刊
Antipode
Antipode GEOGRAPHY-
CiteScore
9.50
自引率
10.00%
发文量
111
期刊介绍: Antipode has published dissenting scholarship that explores and utilizes key geographical ideas like space, scale, place, borders and landscape. It aims to challenge dominant and orthodox views of the world through debate, scholarship and politically-committed research, creating new spaces and envisioning new futures. Antipode welcomes the infusion of new ideas and the shaking up of old positions, without being committed to just one view of radical analysis or politics.
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