Lecture 7 - After Neoliberalism Flashcards
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
