Javascript är avstängt eller blockerat i din webbläsare. Detta kan leda till att vissa delar av vår webbplats inte fungerar som de ska. Sätt på javascript för optimal funktionalitet och utseende.

Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

Ilia Farahani

Ilia Farahani

Doktorand

Ilia Farahani

Financialisation of Built Environments: Urban Governance, Social Geographies, and Sustainability

Författare

  • Ilia Farahani
  • Eric Clark

Summary, in English

This paper is about the ways in which financialisation of built environments has
impacted upon the politics, social constitution and sustainability of cities. We focus primarily on financialisation of housing, and do so from the methodological
perspective of variegated financialisation: as a generic process that contextually coevolves with related processes such as neoliberalisation and polarisation,
encompassing variegated sets of institutions and social relations. Financialisation is a process whereby privatisation, commodification and securitisation of resources and elements of (built) environments allow for the penetration of financial control and decision-making power into the fabric of societies and environments. Housing is financialised when it is treated above all as a financial asset, i.e. for its exchange value, rather than for its use value. We conclude that financialisation of housing has had severely adverse impacts on democracy, social cohesion and sustainability. Policies for containing financialisation of housing need to include measures to decommodify housing and urban space more generally, institutionalise floors and ceilings on income and wealth, deepen democracy and use-value-oriented decisionmaking, and replace market-fundamentalist ideology with egalitarian ideas that recognise our interdependence, how we mutually constitute one another, how we are
dependent upon and owe solidarity to others.

Avdelning/ar

  • Institutionen för kulturgeografi och ekonomisk geografi

Publiceringsår

2016-11

Språk

Engelska

Publikation/Tidskrift/Serie

FESSUD Working Paper Series

Issue

168

Dokumenttyp

Working paper

Förlag

FESSUD

Ämne

  • Social and Economic Geography

Nyckelord

  • Financialisation
  • Built Environment
  • Housing
  • Variegated Capitalism
  • Comparative Urbanism
  • Urban Governance
  • Social Geographies
  • Sustainability

Status

Published

Projekt

  • 7th Framework Program, Financialisation, economy, society and sustainable development

ISBN/ISSN/Övrigt

  • ISSN: 2052-8035
  • ISSN: 2052-8035