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Urban struggles with financialization

Bibliographic Data

ID5697447
AuthorsD Fields (0000-0001-6959-8803, University of Sheffield, corresponding author)
Year2017
Volume11
Issue11
Publication date2017-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueGeography Compass (JOURNAL)
Journal identifiersISSN: 1749-8198 • E-ISSN: 1749-8198
PublisherWiley (PUBLISHER • GB)
DOI10.1111/gec3.12334
OpenAlexW2750488213
LanguageEN
Citations received62
References cited81

The 2008 financial crisis and its impacts on the urban landscape contributed to a proliferation of research on the financialization of urban space, particularly of housing. Today, financialization is a mainstream focus of study within geography. But while scholars have responded to earlier calls to center space and place in their research, it has only been quite recently that geographers have taken up efforts to politicize and contest the financialization of urban space. This essay assesses the emerging body of literature on urban struggles with financialization. It first draws on historical materialist perspectives to situate financialization within urban contexts, showing why there is a particular relationship between this process and urban space, and how moments of crisis reveal tensions in this relationship. Reviewing literature focused on places exposed to the most systemic housing-financial crises in 2008, the essay then explores how residents, activists, and movements have grappled with financialization. It argues that a key aspect of such struggles is the ability to make their presence felt within chains of financial intermediaries or the corporate headquarters of foreign investors. The essay also highlights how moments of crisis open space for more radical tactics that disrupt the dominant production of space and emphasize the social value of housing. It suggests ways to fruitfully expand geographic inquiry into urban struggles with financialization through focusing on the formation of political subjectivities and engaging geographies beyond the global north

Economic geography · Economics · Financial crisis · Financialization · Mainstream · Political economy · Political science · Politics · Sociology · Urban theory · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Finance

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Unique citing works62
Citations per year6,89
Citation span2017 - 2026 (10)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 61

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