Lecture 7 - After Neoliberalism Flashcards
(42 cards)
1900 - how many people had lived in urban cities
20%
2050 - how many people had lived in urban cities
70%
Quote on the city
‘In making the city man has remade
himself.’ (Park, 1967)
How do banks make better use of capital
They finance globalisation in multiple locations - these are often cities where profit making opportunities can be found
London as an example for investment in the city
London a magnet for property investment from places such as the Middle East and Russia (like to invest their capital) – as a result property prices increase
Transforming the landscape – new development projects in London (outskirts)
What often moves from rural areas to cities within the economy
Surpluses of capital and (often rural) labour
What is expanded due to urbanisation
A global-scale credit system. In turn debt-holding workers and even governments are less likely to resist demands by capital owners
In what countries especially does urbanisation happen
Developing countries
What do cities want to do with mass capital
Invest it in cities in the hope of generating more profits
What is urban growth necessary for
The reproduction of the global system of capitalism
Where do homeless people often move
To the city
Questions around urbanisation
Is it possible for the majority of participants to benefit (even development)
What areas have a higher level of child poverty (%)
Bigger cities
What do bigger cities have a higher % of
Child poverty
Canada and poverty
Considered to be developed but they have high levels of poverty
How child poverty is worsening in the UK
Benefits are being reduced by the state in major UK cities such as London, Birmingham and Manchester
Harvey quote on poverty
'There is an inherent class bias in the way in which spaces in the city are allocated. Why should we accept a system where the people who move on are the most vulnerable and the people who stay wherever they like are the one-‐ percenters?”'
Who stated: ‘there is an inherent class bias in the way in which spaces in the city are allocated’
Harvey, 2012
New York poverty
2nd largest financial status in the world below London – yet there is 50% population living in near poverty?
Why does New York have such high near poverty levels
Unequal distribution of income and wealth as the city develops (fast developing)
How can the government make the poverty levels worse
Government can take high value land from the vulnerable and compensate them whenever they want
Issue with the market system on poverty
Market system allows people who have money to have control over the land, people with less money have very little control
Strategy to manage issues associated with poverty and how they live
‘Right to the City’
Cities and desires
Humans create cities according to their desires, however they should be made to the desires of the majority (not individuals)
