[DrRon Suarez]

DrRon Suarez

August 28, 2021 at 12:40 pm #1440

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[Margarete Koenen]

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Margarete Koenen

August 28, 2021 at 12:40 pm #1441

“…financialization has changed the form of investment in urban development … the lines between private and public have blurred while at the same time the logic of finance becomes more pervasive in the development of the urban space. Cities have become increasingly defined in terms of investment vehicles, instead of shared living spaces. Huge amounts of capital are now flowing into the development of the primary urban centers from the global financial system. This financialization of real estate and urban centers has created a huge disjunction between the local needs of communities and those of these private actors. Once urban development was driven by local incentives, in response to the local needs of the place. Now, with financialization, cities are becoming increasingly private spaces of investment …”

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