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| Title: | 'We are running for a living': work, leisure and speculative accumulation in an underground numbers lottery in Johannesburg |
| Author: | Krige, Detlev |
| Year: | 2011 |
| Periodical: | African Studies (ISSN 1469-2872) |
| Volume: | 70 |
| Issue: | 1 |
| Pages: | 3-24 |
| Language: | English |
| Geographic term: | South Africa |
| Subjects: | gambling livelihoods informal sector |
| External link: | https://doi.org/10.1080/00020184.2011.557571 |
| Abstract: | In this article the author presents a historically-informed ethnography of a Johannesburg underground lottery, 'fahfee' (South Africa). The meaning of this lottery is tied up with the local-level sociological organization of lottery banks and the various actors who participate in it, with changing conceptions of social class, work and leisure under the conditions of growing inequality and jobless growth, and with the everyday strategies and tactics of lottery runners and punters. The author uses the instance of this lottery to argue for a contextualized, multi-levelled and historically-grounded interpretation of the notions 'occult economies' and 'mysterious modes of accumulation'. The prominence of speculative accumulation in the context of this lottery and in the livelihood strategies of those living at the margins of the State and society are strikingly similar to financial practices under the conditions of casino capitalism, financialization and securitization in financial markets. In this way the author links local practices of speculative accumulation with translocal processes generated by present-day neoliberal policies and financial capitalism. Bibliogr., notes, ref., sum. [Journal abstract] |
