Abstract
ABSTRACT In southeastern Nepal, international labor migration has led to complex socioeconomic changes, including expanding smallholder landownership, class differentiation, and the transformation of land from a productive to a speculative asset. Based on ethnographic research focusing on villagers’ narratives, this article finds that political imaginaries drawing on rural Marxist thought play a crucial role for interpreting recent historical experience but are losing purchase amidst increasingly dispersed, opaque, and contradictory processes of accumulation. It then identifies the emergence of a new speculative imaginary, through which villagers attempt to navigate but also reinforce these new constellations of inequality, capital, and labor.
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