CITB08H3 Chapter Notes - Chapter Week 11: Capital Accumulation, Regime Theory, Social Control
Document Summary
Nevarez: how capital works in the new urban economy (chapter 1) 3 sectors bring combination of high wages, environmentally benign damage, local tax revenues, and local job creation. How goods end up in these places is an open question. Urban economies often subsidize private profit through the political hegemony of the traditional urban business community: conventional industry + local firms in real estate/banks/business services/retail etc. Local wealth supports social services, urban amenities, env. Quality transformations of urban life in places like sf and nyc suggest widespread gentrification, unplanned redevelopment, and the erosion of distinctive places. Unclear that cities and activists unambiguously lose out in the new economy. Some elections (eg. 2000) had mainly liberal support. Increase in philanthropy = non-profits media celebrates the interests of the (cid:862)sudde(cid:374)ly(cid:863) (cid:449)ealthy i(cid:374) t(cid:396)aditio(cid:374)al (cid:272)ha(cid:396)ities, highe(cid:396) edu(cid:272)atio(cid:374), a(cid:374)d (cid:272)o(cid:373)(cid:373)u(cid:374)ity organizations. Trends suggest: not only the traditional urban business community views the local growth of software, entertainment, and tourism as a positive outcome.
