Turkey’s Experience In Debt Welfare Within The Capitalist System

Feyza Kaya; Kerem Gökten

Makale detayları

Turkey’s Experience In Debt Welfare Within The Capitalist System

Yazarlar:

Feyza Kaya | Kerem Gökten

Yayıncı:

Ahmet Arif EREN

Dergi:

Fiscaoeconomia Vol.7 Issue 2, pp.1674-1699

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290190

pISSN:

2564-7504

Anahtar kelimeler:

Özet:

 Capitalism is a system that leads to injustice in income distribution. Although various reforms have been made, the system has not achieved justice in income distribution. Capitalism, which represents historical progress in increasing and improving production, cannot show the same success and motivation when it comes to distribution. In the historical process, capitalism has faced the problem of labor scarcity, and attempts to overcome this problem have been blocked by underconsumption. Although capitalism experienced serious bottlenecks, it could survive by stimulating the continuous consumption of economic units. The tendency of individuals towards continuous consumption has increased the importance of the concept of borrowing. Borrowing usually takes place through financial markets. In this market, monetary flow is provided from the economic units that supply funds to those who demand funds. Thus, economic units with surplus funds can generate interest income, while those in need of funds can consume in exchange for interest expense. There are substitutes for consumer loans in the debt market, which are applied for different reasons for each income group. In the study, the problem of borrowing in the functioning of the capitalist system will be examined. Then, consumer credit substitutions, which are considered as debt welfare types, will be analyzed with Turkey data. Thus, it will be tried to reveal the position of Turkey within neoliberal capitalism from a broad perspective, and to show that the wealth obtained by credit channels mortgages the day and future of the working class.

 Capitalism is a system that leads to injustice in income distribution. Although various reforms have been made, the system has not achieved justice in income distribution. Capitalism, which represents historical progress in increasing and improving production, cannot show the same success and motivation when it comes to distribution. In the historical process, capitalism has faced the problem of labor scarcity, and attempts to overcome this problem have been blocked by underconsumption. Although capitalism experienced serious bottlenecks, it could survive by stimulating the continuous consumption of economic units. The tendency of individuals towards continuous consumption has increased the importance of the concept of borrowing. Borrowing usually takes place through financial markets. In this market, monetary flow is provided from the economic units that supply funds to those who demand funds. Thus, economic units with surplus funds can generate interest income, while those in need of funds can consume in exchange for interest expense. There are substitutes for consumer loans in the debt market, which are applied for different reasons for each income group. In the study, the problem of borrowing in the functioning of the capitalist system will be examined. Then, consumer credit substitutions, which are considered as debt welfare types, will be analyzed with Turkey data. Thus, it will be tried to reveal the position of Turkey within neoliberal capitalism from a broad perspective, and to show that the wealth obtained by credit channels mortgages the day and future of the working class.

 Capitalism is a system that leads to injustice in income distribution. Although various reforms have been made, the system has not achieved justice in income distribution. Capitalism, which represents historical progress in increasing and improving production, cannot show the same success and motivation when it comes to distribution. In the historical process, capitalism has faced the problem of labor scarcity, and attempts to overcome this problem have been blocked by underconsumption. Although capitalism experienced serious bottlenecks, it could survive by stimulating the continuous consumption of economic units. The tendency of individuals towards continuous consumption has increased the importance of the concept of borrowing. Borrowing usually takes place through financial markets. In this market, monetary flow is provided from the economic units that supply funds to those who demand funds. Thus, economic units with surplus funds can generate interest income, while those in need of funds can consume in exchange for interest expense. There are substitutes for consumer loans in the debt market, which are applied for different reasons for each income group. In the study, the problem of borrowing in the functioning of the capitalist system will be examined. Then, consumer credit substitutions, which are considered as debt welfare types, will be analyzed with Turkey data. Thus, it will be tried to reveal the position of Turkey within neoliberal capitalism from a broad perspective, and to show that the wealth obtained by credit channels mortgages the day and future of the working class.

 Kapitalizm, gelir dağılımda adaletsizliğe yol açan bir sistemdir. Çeşitli reformlar yapılsa da gelir dağılımda adalet sağlanamamıştır. Üretimi artırma ve iyileştirme sürecinde tarihsel ilerlemeyi temsil eden kapitalizm sıra bölüşüme geldiğinde işleyiş yasaları gereği aynı başarıyı ve motivasyonu gösterememektedir. Tarihsel süreç içerisinde kapitalizm emek kıtlığı sorunuyla karşı karşıya kalmış, bu sorunu aşma yolundaki girişimleri bu kez eksik tüketim engeline takılmıştır. Kapitalizm, ciddi darboğazlar yaşasa da ekonomik birimlerin sürekli tüketimini uyararak ayakta kalabilmiştir. Bireylerin sürekli tüketime yönelmesi borçlanma kavramının önemini arttırmıştır. Borçlanma, genellikle finansal piyasalar üzerinden gerçekleşir. Bu piyasada fon arz eden ekonomik birimlerden fon talep edenlere doğru parasal akış sağlanır. Böylece fon fazlası olan ekonomik birimler faiz geliri elde ederken fon ihtiyacı olanlar faiz gideri karşılığında tüketimini gerçekleştirebilir. Her gelir grubu için farklı nedenlerle başvurulan borç piyasasında tüketici kredilerinin ikameleri yer alır. Çalışmada kapitalist sistemin işleyişi içinde borçlanma sorunu ele alınacaktır. Daha sonra borç refahını türleri olarak ele alınan tüketici kredileri ikameleri Türkiye verileri ile analiz edilecektir. Böylece neoliberal kapitalizm içerisinde Türkiyenin konumu geniş perspektiften gözler önüne serilmeye, kredi kanallarıyla elde edilen refahın işçi sınıfının gününü ve geleceğini ipotek altına aldığı gösterilmeye çalışılacaktır.

Makale detayları

Turkey’s Experience In Debt Welfare Within The Capitalist System

Yazarlar:

Feyza Kaya | Kerem Gökten

Yayıncı:

Ahmet Arif EREN

Dergi:

Fiscaoeconomia Vol.7 Issue 2, pp.1674-1699

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290190

pISSN:

2564-7504

Capitalism

Financialization

Debt WelfareKapitalizm

Finansallaşma

Borç Refahı

Sayı

Makale detayları

Turkey’s Experience In Debt Welfare Within The Capitalist System

Yazarlar: Feyza Kaya | Kerem Gökten

Yayıncı: Ahmet Arif EREN

Dergi: Fiscaoeconomia Vol.7 Issue 2, pp.1674-1699

Belge Tipi: Makale

Yayın Tarihi: 5/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001290190

pISSN: 2564-7504

Capitalism

Financialization

Debt WelfareKapitalizm

Finansallaşma

Borç Refahı

Sayı

Yazarlar:

Feyza Kaya | Kerem Gökten

Yayıncı:

Ahmet Arif EREN

Dergi:

Fiscaoeconomia Vol.7 Issue 2, pp.1674-1699

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290190

pISSN:

2564-7504