A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The wider context of austerity urbanism
Austerity urbanism is part of a larger neoliberal project in which the debt relation is both an important tool of redistributive growth and central to understanding the contemporary social structure of accumulation that generates financial bubbles and collapse. The financialization that is central to the contemporary period in Western capitalism impacts cities as part of larger phenomena that encompass not only mortgage debt but consumer and student debt in a context in which the legal system has shifted the obligations and entitlements of lenders and debtors. The pessimism that pervades an urban literature in which a ‘zombie’ neoliberalism inflicts endless austerity can only be countered by a wider re-embedding of market relations in a moral economy, a requirement that goes back at least to Adam Smith and has been revived and revitalized by Occupy Wall Street and related movements, including the Right to the City.
The wider context of austerity urbanism
Austerity urbanism is part of a larger neoliberal project in which the debt relation is both an important tool of redistributive growth and central to understanding the contemporary social structure of accumulation that generates financial bubbles and collapse. The financialization that is central to the contemporary period in Western capitalism impacts cities as part of larger phenomena that encompass not only mortgage debt but consumer and student debt in a context in which the legal system has shifted the obligations and entitlements of lenders and debtors. The pessimism that pervades an urban literature in which a ‘zombie’ neoliberalism inflicts endless austerity can only be countered by a wider re-embedding of market relations in a moral economy, a requirement that goes back at least to Adam Smith and has been revived and revitalized by Occupy Wall Street and related movements, including the Right to the City.
The wider context of austerity urbanism
Tabb, William K. (author)
City ; 18 ; 87-100
2014-03-04
14 pages
Article (Journal)
Electronic Resource
English
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