Capitalism, Kinship, and Fraud: The Case of Bernie Madoff.

Investment broker Bernie Madoff ran what is still considered the largest Ponzi scheme in history, defrauding thousands of investors over a 20-year period of more than $20 billion. He worked his game almost entirely through kinship connections--relatives, friends of relatives, and relatives of friend...

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Publicado en:Social Analysis Vol. 63; no. 3; pp. 1 - 25
Autor principal: Ortner, Sherry B.
Formato: Artículo
Publicado: Berghahn Books Autumn2019
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Capitalism, Kinship, and Fraud: The Case of Bernie Madoff.
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        au: Ortner, Sherry B.
        affil: Distinguished Research Professor of Anthropology at UCLA
      su:
        Madoff, Bernie, 1938-2021
        Capitalism
        Kinship
        Jews
        Patriarchy
        Ponzi schemes
        Stockbrokers
        Feminist criticism
      sug:
        subj:
          Capitalism
          Kinship
          Jews
          Patriarchy
          Securities Brokerage
          Investment Banking and Securities Dealing
          Ponzi schemes
          Stockbrokers
          Feminist criticism
          Madoff, Bernie, 1938-2021
      keyword:
        boundaries
        capitalism
        feminist perspective
        fraud
        Jewish community
        kinship
        patriarchy
        boundaries
        capitalism
        feminist perspective
        fraud
        Jewish community
        kinship
        patriarchy
      ab: Investment broker Bernie Madoff ran what is still considered the largest Ponzi scheme in history, defrauding thousands of investors over a 20-year period of more than $20 billion. He worked his game almost entirely through kinship connections--relatives, friends of relatives, and relatives of friends. The relationship between kinship and capitalism has drawn renewed attention by anthropologists, part of a broader effort to rethink capitalism not as a free-standing 'economy' but as deeply embedded in a wide range of social relations. In this article I use the Madoff case to illustrate, and develop further, several aspects of the kinship/capitalism connection. I also consider briefly the boundary between fraud and 'legitimate' capitalism, which many economic historians consider a fuzzy boundary at best.
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    language: English
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