By Swapna Banerjee-Guha
This booklet is a suite of essays written through recognized theoreticians and lecturers within the sector of city experiences at the transformation technique of towns and its socio-economic ramifications. those essays examine the symptoms of spatial difficulty in metropolises, revealing the contradictory strategies of integration and segmentation that signify the serious nature of worldwide urban house. This quantity explores and exposes a divided framework during which globalization operates in the direction of fragmentation and polarization; debunking the parable of homogenization. The essays exhibit that towns and areas the world over get included into the program, displaying features which are extra diversified and intricate than ever sooner than particularly a result of more and more contradictory dating with their neighborhood source and cultural base.
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Additional resources for Accumulation by Dispossession: Transformative Cities in the New Global Order
The right 32 DAVID HARVEY to the city must be articulated as a demand and brought back centre stage, precisely because it focuses on who it is that commands the inner connection that has prevailed from time immemorial between urbanisation and surplus production and use. The democratisation of the right to the city and the construction of a broad social movement to enforce its will are imperative. In January 2008, a large banner hung in the Plaza de las Tres Culturas in Mexico City, scene of the tragic student massacre of 1968.
No matter how different the reasons may be, the result is always the same; the scandalous alleys disappear to the accompaniment of lavish self-praise by the bourgeoisie on account of this tremendous success, but they appear again immediately somewhere else…. The breeding places of disease, the infamous holes and cellars in which the capitalist mode of production confines our workers night after night, are not abolished; they are merely shifted elsewhere! 11 Actually, it took more than a 100 years to complete the embourgeoisment of central Paris with the consequences that we have seen in recent years of uprisings and mayhem in those isolated suburbs within which the marginalised immigrants and the unemployed workers and youth are increasingly trapped.
What has been the role of urbanisation in the stabilisation of this situation? In the United States it is accepted wisdom that the housing market has been an important stabiliser of the economy, particularly since 2000 or so (after the high-tech crash of the late 1990s). It has absorbed a great deal of the surplus capital directly through new construction (both inner city and suburban) while the rapid inflation of housing asset prices backed by a profligate wave of mortgage refinancing at historically low rates of interest boosted the US internal market for consumer goods and services.
Accumulation by Dispossession: Transformative Cities in the New Global Order by Swapna Banerjee-Guha