Design Prose

The Urban Roots of Financial Crises: Reclaiming the City for Anti-Capitalist Struggle

Posted in Research and Analysis, Sustainability, Urbanism by designprose on December 20, 2011

The assault on the environment and the well-being of the people is palpable and it is taking place for political and class, not economic reasons. It is inducing, as David Stockman has very recently noted, a state of plain class war. As Warren Buffett also put it, ‘sure there is class war, and it is my class, the rich, who are making it and we are winning’. The only question is: when will the people start to wage class war back? And one of the places to start would be to focus on the rapidly degrading qualities of urban life, through foreclosures, the persistence of predatory practices in urban housing  markets, reductions in services and above all the lack of viable employment opportunities in urban labour markets almost everywhere, with some cities (Detroit being the sad poster child) utterly bereft of employment prospects. The crisis now is as much an urban crisis as it ever was.

Full paper, here, by David Harvey, professor of Anthropology at CUNY.

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