By Swapna Banerjee-Guha
This booklet is a suite of essays written via well-known theoreticians and teachers within the sector of city experiences at the transformation technique of towns and its socio-economic ramifications. those essays study the indicators of spatial trouble in metropolises, revealing the contradictory strategies of integration and segmentation that signify the serious nature of world urban area. 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 show that towns and areas the world over get integrated into the program, showing features which are extra different and complicated than ever earlier than specifically as a result of the more and more contradictory courting with their neighborhood source and cultural base.
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Extra resources for Accumulation by Dispossession: Transformative Cities in the New Global Order
The answer to the last question is simple enough—greater democratic control over the production and use of the surplus. Since the urban The Right to the City 31 process is a major channel of use, then the right to the city is constituted by establishing democratic control over the deployment of the surpluses through urbanisation. To have a surplus product is not a bad thing—indeed, in many situations a surplus is crucial to adequate survival. Throughout capitalist history, some of the surplus value created has been taxed away by the state and in social democratic phases that proportion rose significantly putting much of the surplus under state control.
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.
In the Chinese case it is often populations on the rural margins who are displaced illustrating the significance of Lefebvre’s argument, presciently laid out in the 1960s, that the clear distinction that once existed between the urban and the rural was gradually fading into a set of porous spaces of uneven geographical development under the hegemonic command of capital and the state. This is the case also in India, where the special economic development zones policy now favoured by central and state governments is leading to violence against agricultural producers, the grossest of which was the massacre at Nandigram in West Bengal, orchestrated by the ruling Marxist political party, to make way for large scale Indonesian capital that is as much interested in urban property development as it is in industrial development.