Social impact bonds: the next horizon of privatization. Issue 1 (2nd January 2018)

• Record Type: Journal Article
• Authors: Ryan, Sarah; Young, Margot
• Is Part Of: Studies in political economy. Volume 99:Issue 1(2018)
• Page Start: 42
• Page End: 58
• Publication Date: 2018-01-02
• Subjects: Financialization -- social finance -- social impact bonds -- social service austerity; Economics -- Political aspects -- Periodicals; Socialism -- Periodicals; Economics -- Periodicals; Canada -- Economic conditions -- Periodicals; Economie politique -- Périodiques; Canada -- Conditions économiques -- Périodiques; Economic history; Economics; Canada; Periodicals; Electronic journals; 330
• DOI: 10.1080/07078552.2018.1440985
• Languages: English
• ISSNs: 0707-8552

Abstract

Abstract: This paper shows how Social Impact Bonds (SIBs) serve to expand privatization in areas of social reproduction and care work. SIBs extend neoliberalism and austerity in the social care sector through the financialization of care work. They open these domains as a new frontier for investment markets, creating inequity for already marginalized groups. The paper concludes with an overview of the SIB landscape in Canada and explores its possibilities for growth.