Journal ArticleDOI
Late Neoliberalism: The Financialization of Homeownership and Housing Rights
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In this article, the authors trace some key elements of the neoliberal approach to housing and its impact on the enjoyment of the right to housing in different contexts and times, taking the World Bank's 1993 manifesto as a starting point and the subprime crisis as its first great international flashpoint.Abstract:
Over the last few decades we have witnessed a global U-turn in prevailing housing and urban policy agendas, spread around the world by the driving forces of globalization and neoliberalism The new paradigm was mainly based on the withdrawal of states from the housing sector and the implementation of policies designed to create stronger and larger market-based housing finance models The commodification of housing, together with the increased use of housing as an investment asset within a globalized financial market, has profoundly affected the enjoyment of the right to adequate housing Taking the World Bank's 1993 manifesto as a starting point and the subprime crisis as its first great international flashpoint, this essay traces some key elements of the neoliberal approach to housing and its impact on the enjoyment of the right to housing in different contexts and times The reform of housing policy — with all its components of homeownership, private property and binding financial commitments — has been central to the political and ideological strategies through which the dominance of neoliberalism is maintained Conversely, the crisis (and its origins in the housing market) reflects the inability of market mechanisms to provide adequate and affordable housing for allread more
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Neoliberal Urbanism Redux
TL;DR: In this article, critical urban theory adopts a restlessly antagonistic stance towards orthodox urban formations and their dominant ideologies, institutional arrangements and societal effects, tracking their endemic policy failures and crisis tendencies while at the same time demarcating potential terrains for heterodox, radical and/or insurgent theories and practices of emancipatory social change.
Journal ArticleDOI
Centring Housing in Political Economy
TL;DR: The authors argued that political economic analysis can no longer remain relatively indifferent to the housing question since housing is implicated in the contemporary capitalist political economy in numerous critical, connected and very often contradictory ways.
Journal ArticleDOI
Financialization and Housing : Between Globalization and Varieties of Capitalism
TL;DR: In the literature, one finds various explanations for the rise of financialized capitalism as mentioned in this paper, and in different strands of financialization literature, housing either plays a minor role or is simply s...
Journal ArticleDOI
The Variegated Financialization of Housing
TL;DR: There is a small but growing literature on the financialization of housing that demonstrates how housing is a central aspect of financialization as discussed by the authors, but the relations between housing and financialization remain under-researched and under-theorized.
Journal ArticleDOI
Dis/possessive collectivism: Property and personhood at city’s end
TL;DR: The work of the Chicago anti-eviction campaign points to how various modes of collectivism can be asserted through practices of occupation as well as through global frameworks of human rights as discussed by the authors.
References
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Book
The New Imperialism
TL;DR: In this paper, the authors describe how America's power grew and how capital bondage was used for accumulation by dispossession and consent to coercion by consenting to coercion.
Book
The urban experience
TL;DR: The syllabus of the qualifying examinations for promotion has been borne in mind throughout, and this edition has been brought up to date with developments in the law since the publication of the seventh edition in 2001 as mentioned in this paper.
BookDOI
Spaces of Neoliberalism: Urban Restructuring in North America and Western Europe
Neil Brenner,Nik Theodore +1 more
Abstract: Preface:. From the 'New Localisma to the Spaces of Neoliberalism: Neil Brenner (New York University) & Nik Theodore (University of Illinois at Chicago). Part I: The Urbanization of Neoliberalism: Theoretical Foundations:. 1. Cities and the geographies of 'actually existing neoliberalisma : Neil Brenner (New York University) & Nik Theodore (University of Illinois at Chicago). 2. Neoliberalizing space: the free economy and the penal state: Jamie Peck (University of Wisconsin--Madison) & Adam Tickell (University of Bristol). 3. Neoliberalism and socialisation in the contemporary city: opposites, complements and instabilities: Jamie Gough (University of Northumbria). 4. New Globalism, New Urbanism: Gentrification as Global Urban Strategy: Neil Smith (CUNY Graduate Center). Part II: Cities and State Restructuring: Pathways and Contradictions:. 5. Liberalism, Neoliberalism and Urban Governance: A State--Theoretical Pespective: Bob Jessop (Lancaster University). 6. Interpreting Neoliberal Urban Policy: The State, Crisis Management, and the Politics of Scale: Martin Jones (University of Wales) & Kevin Ward (University of Manchester). 7. 'The city is dead, long live the networka : Harnessing networks for the neoliberal urban agenda: Helga Leitner (University of Minnesota) & Eric Sheppard (University of Minnestota). 8. Extracting Value from the City: Neoliberalism and Urban Redevelopment: Rachel Weber (University of Illinois at Chicago). Part III: New Geographies of Power: Exclusion and Injustice:. 9. Neoliberal urbanization in Europe: large scale urban development projects and the new urban policy: Erik Swyngedouw (Oxford University), Frank Moulaert (University of Lille) & Arantxa Rodriguez (University of the Basque Country). 10. Retro--Urbanism: Reliving the Dreams of 1980s Neoliberalism in Toronto, Canada: Roger Keil (York University, Toronto). 11. Spatializing injustice in the late entrepreneurial city: Unraveling the contours of Britaina s revanchist urbanism: Gordon MacLeod (University of Durham).
Journal ArticleDOI
The Financialization of Home and the Mortgage Market Crisis
TL;DR: In this article, the authors characterize capital switching from the primary, secondary or tertiary circuit to the quaternary circuit of capital as a transition from a "facilitating market" for homeowners in need of credit to one increasingly facilitating global investment.
Book
A nation of home owners
TL;DR: The UK has become a nation of home owners and the effect it has had on people's lives, the impact which it had had on British society and the implications for those who have hitherto been excluded as mentioned in this paper.