ABSTRACT
This chapter reveals the broader rhetorical and regulative landscape represented by the Group of Twenty (G20) Principles regarding financial inclusion. It demonstrates the expansion and reproduction of poverty industry and the role of state are not simply occurring in the United States and Mexico, but rather across many national spaces in global capitalism, in a highly uneven and differentiated manner. The relationship between debtfarism at global and national scales should not be construed as a top-down, determinist relationship between domestic and international levels of governance. This chapter discusses G20's Principles for Innovative Financial Inclusion of 2010, the rhetorical and regulative features of global debtfarism serve to legitimise, normalise and universalise the poverty industry in both Bangladesh and Mexico. The greatest beneficiaries of the poverty industry have been capitalists and institutional investors that comprise the lucrative poverty industry in Mexico. The legal and political framing of financial inclusion masks the role of capitalist states in the construction and legitimation of debtfare.
