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

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Legitimacy

Part of the book series: Palgrave Studies in Urban Anthropology ((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.

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Notes

  1. 1.

    The Banking Regulation and Supervision Agency (BDDK) was founded in 1999 and its main function is to regulate financial field especially banking.

  2. 2.

    The Türkiye Bankalar Birliği was founded in 1958 and it is the representative of banks in Turkey.

  3. 3.

    Trumbull (2014) argues that different state policies have shaped how credit cards are introduced and regulated as a result of different coalitions of social groups in the USA and France.

  4. 4.

    http://www.bddk.org.tr/WebSitesi/turkce/Mevzuat/Banka_Kartlari_Kredi_Kartlari_Kanunu/Banka_Kartlari_Kredi_Kartlari_Kanunu.aspx (Accessed 24 May 2017).

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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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Authors and Affiliations

  1. Department of Sociology, Mardin Artuklu University, Mardin, Turkey

    Z. Nurdan Atalay

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  1. Z. Nurdan Atalay
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  1. School of Anthropology and Conservation, University of Kent, Canterbury, Kent, UK

    Italo Pardo  & Giuliana B. Prato  & 

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Atalay, Z.N. (2019). Legal but Not Legitimate: The Changing Practices of Financial Citizenship in Turkey. In: Pardo, I., Prato, G.B. (eds) Legitimacy. Palgrave Studies in Urban Anthropology. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-96238-2_5

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  • DOI: https://doi.org/10.1007/978-3-319-96238-2_5

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