PP&D 4 Lecture Notes - Lecture 7: Sharpening, Keynesian Economics, Neoliberalism

• School: UC-Irvine
• Department: Planning, Policy, and Design
• Course: PP&D 4
• Professor: Walter Nicholls

Document Summary

Lecture 7 urban restructuring: causes of the great divide: middle class (white) suburbs/working class (minority) city a. i. Inner city loss of jobs, growth of job market in the suburbs a. ii. 47% of chicago"s south side black population was unemployed, compared to 43% of the rest of the population a. iv. Representing the doomed city: scary, distant, other a. iv. 1. Attribute responsibility to poverty on the basis of the culture, on the poor rather than the economic and political systems that are denying people jobs a. v. Old strategy: keynesianism growth by spurring/expanding consumption (demand side economics) a. v. 1. a. Redistribution wasn"t driven by altruism or morality but strict economic sense a. v. 1. b. Redistributing from richer to poorer would spur a. v. 2. consumption, increase profit for capitalists in the us. New strategy: neoliberalism growth by making business environments (supply side economics) a. v. 2. a. a. v. 2. a. i. Federal cuts to urban programs training (poverty alleviation strategies) a. v. 2. a. ii. Federal funds to cities cut except for state prisons.