ABSTRACT
This chapter argues that practices of fringe finance are often characterized by a more complex topology than any simple 'inclusion/exclusion' formulation allows. This chapter is divided into two sections. A first section casts fringe finance as a map of absorption, a diagram which marks an unambiguous shift from spaces of exclusion to conditions of financial inclusion. It notes recent International Political Economy (IPE) literature on subjectivity as a kind of foundation for fuller analysis of the ways in which inclusion discourses position everyday populations within the spaces of capital. A second section sketches the core of the argument of this chapter by developing an inventory of the key techniques of adverse incorporation often constituted in practices of fringe finance. It notes, fringe financial practices often implicate the bodies they address in forms of adverse incorporation. This includes forms of incorporation which immobilize populations, which enmesh them in differentiated circuits of financial capital and which establish serialized forms of high-cost lending.
