POL101Y1 Chapter Notes -Capital Accumulation, In Essence, Neoliberalism
Document Summary
A marxist perspective poses several challenges to conventional theories or urban politics. Identify the main elements of marxist ideology and explain how these metholodoligical foundations differ from those of community power and pluralist approaches. Marxist theory believes that the urbanization that has been a product of the increasingly integrated world we live in. Urbanism is an important tool for capitalism since it allows the capital surplus that is generated to be invested elsewhere garnering even more surplus. The interests of the working classes are marginalized under the belief that creating preferable conditions for investors will allow profits to trickle down enriching much of the populace. In essence the main tenets of marxist ideology, according to. The first tenet of marxist ideology was clear in the 80s and 90s, during this time period neo-liberal policies of development were the common wisdom of the time. Under these policies many cities underwent significant restructuring of their economies.
