Tales from Albarado revisits times of excitement and loss in early
1990s Albania, in which about a dozen pyramid firms collapsed and
caused the country to fall into anarchy and a near civil war. To
gain a better understanding of how people from all walks of life
came to invest in these financial schemes and how these schemes
became intertwined with everyday transactions, dreams, and
aspirations, Smoki Musaraj looks at the materiality, sociality, and
temporality of financial speculations at the margins of global
capital. She argues that the speculative financial practices of the
schemes were enabled by official financial infrastructures (such as
the postsocialist free-market reforms), by unofficial economies
(such as transnational remittances), as well as by historically
specific forms of entrepreneurship, transnational social networks,
and desires for a European modernity. Overall, these granular
stories of participation in the Albanian schemes help understand
neoliberal capitalism as a heterogeneous economic formation that
intertwines capitalist and noncapitalist forms of accumulation and
investment.
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