July 02, 2024

Balihar Sanghera and Elmira Satybaldieva, "Rentier Capitalism and Its Discontents: Power, Morality and Resistance in Central Asia" (Palgrave MacMillan, 2021)

1 hour 6 minutes

Balihar Sanghera and Elmira Satybaldieva’s Rentier Capitalism and Its Discontents: Power, Morality and Resistance in Central Asia (Palgrave MacMillan, 2021) evaluates today’s economic political, social and ecological crises through the lens of rentier capitalism and countermovements in Central Asia. Over the last three decades, the rich and powerful have increased their wealth and political power to the detriment of social and environmental well-being. But their activities have not gone unchecked; grassroots activism has resisted the damaging effects of the neoliberal commodification of things.

Providing a much-needed theorisation of the moral economy and politics of rent, this book offers in-depth case studies on finance, real estate and natural resources in Kazakhstan and Kyrgyzstan. The authors show the mechanisms of rent extraction, their moral justifications and legitimacy, and social struggles against them.

This book not only offers insight into social and economic dynamics in Central Asia, but invites us all to interrogate what purpose, and whom, economies ultimately serve.

Cholpon Ramizova is a London-based writer and researcher. She holds a Master's in Migration, Mobility and Development from SOAS, University of London. Her thematic interests are in migration, displacement, identity, gender, and nationalism - and more specifically on how and which ways these intersect within the Central Asia context.

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By Marshall Poe

3.9