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Legitimacy pp 105-123 | Cite as

Legal but Not Legitimate: The Changing Practices of Financial Citizenship in Turkey

  • Z. Nurdan Atalay
Chapter
Part of the Palgrave Studies in Urban Anthropology book series (PSUA)

Abstract

Atalay examines the conflict between legitimacy and legality, focusing on the ethnography study of actors and institutions in the financial field in Turkey. ‘Predatory acts’ by the banks are made legal through state’s regulations but are seen as illegitimate by ordinary citizens. First, she discusses the relationship between legality and legitimacy in the context of financialization. Then, she examines the financialization process in Turkey with reference to actors and state, followed by a summary of her ethnography on the financial citizenship practices. Atalay’s ethnography questions why financialization erodes legitimacy. Power relations between banks and the state became more visible. Inclusion and exclusion mechanisms have tightened. Also, the legislation itself created the crisis and increased the distance between citizens and the state.

Notes

Acknowledgements

An earlier version of this chapter was written while on a Postdoctoral Research Fellowship in the School of Social Anthropology and Conservation, University of Kent, UK, with the support of a research grant from the Fund of The Scientific and Technological Research Council of Turkey (TÜBİTAK), Turkey.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Z. Nurdan Atalay
    • 1
  1. 1.Department of SociologyMardin Artuklu UniversityMardinTurkey

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