 ConclusionOrsi Husz ()
Chapter Chapter 7 in Bankminded, 2025, pp 197-208 from Palgrave Macmillan Abstract: Abstract This chapter summarises and contextualises the book’s argument about the bankification of everyday life as a process related to, but historically distinct from, the so-called financialisation of everyday life. Bankification involved a radical personal financial change and a shift in the mundane culture of money. It occurred early in Sweden, with its strong banking system and speedy adoption of new technologies. Paradoxically, the strong welfare state and its regulation of the financial system facilitated the bankification process. At the same time, instilling a new way of financial thinking into the population in order to make them more bankminded (rather than merely thrifty) sat well with both the immediate interests of the financial industry and the larger political ambitions of organised business. The bankification of everyday life is a missing link that reveals the intricate historical connections between the post-war welfare statist cultural context (into which it was deeply embedded) and the financialised everyday culture of the late twentieth century (towards which it was pointing). Keywords: Bankification of everyday life; Welfare state; Sweden; Personal finance; Banks (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-77653-3_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-77653-3_7 Access Statistics for this chapter More chapters in Palgrave Studies in Economic History from Palgrave Macmillan |
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