By Swapna Banerjee-Guha
This ebook is a set of essays written through well-known theoreticians and lecturers within the zone of city reports at the transformation means of towns and its socio-economic ramifications. those essays study the indicators of spatial hindrance in metropolises, revealing the contradictory approaches of integration and segmentation that symbolize the severe nature of worldwide urban area. This quantity explores and exposes a divided framework within 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 included into the program, displaying features which are extra varied and intricate than ever prior to in particular as a result of the 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 next day they wake up and have to decide what to do with the extra money they gained the day before. They face a Faustian dilemma—reinvest to get even more money or consume their surplus away in pleasures. The coercive laws of competition force them to reinvest because if one does not reinvest then another surely will. To remain a capitalist, some surplus must be reinvested to make even more surplus. Successful capitalists usually make more than enough surplus to satisfy their lust for pleasure too.
High prices and profit levels in the internationalised sector and its ancillary activities, such as top-of-the-line restaurants and hotels, make it increasingly difficult for other sectors to compete for space and investments. Many of these other sectors have experienced considerable downgrading and/or displacement, for example, the replacement of neighbourhood shops tailored to local needs by upscale boutiques and restaurants catering to new high-income urban elites. Inequality in the profit-making capabilities of different sectors of the economy has always existed.
Capital accumulation on the land through real estate activity booms as land is acquired at almost no cost. Do the people get compensation? The lucky ones get a bit. But while the Indian constitution specifies that the state has the obligation to protect the lives and well-being of the whole population irrespective of caste and class, and to guarantee rights to livelihood housing and shelter, the Indian Supreme Court has issued both non-judgements The Right to the City 29 and judgements that re-write this constitutional requirement.
Accumulation by Dispossession: Transformative Cities in the New Global Order by Swapna Banerjee-Guha