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The wider context of austerity urbanism

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  • William K. Tabb

Abstract

Austerity urbanism is part of a larger neoliberal project in which the debt relation is both an important tool of redistributive growth and central to understanding the contemporary social structure of accumulation that generates financial bubbles and collapse. The financialization that is central to the contemporary period in Western capitalism impacts cities as part of larger phenomena that encompass not only mortgage debt but consumer and student debt in a context in which the legal system has shifted the obligations and entitlements of lenders and debtors. The pessimism that pervades an urban literature in which a 'zombie' neoliberalism inflicts endless austerity can only be countered by a wider re-embedding of market relations in a moral economy, a requirement that goes back at least to Adam Smith and has been revived and revitalized by Occupy Wall Street and related movements, including the Right to the City.

Suggested Citation

  • William K. Tabb, 2014. "The wider context of austerity urbanism," City, Taylor & Francis Journals, vol. 18(2), pages 87-100, April.
    • Handle: RePEc:taf:cityxx:v:18:y:2014:i:2:p:87-100
    DOI: 10.1080/13604813.2014.896645
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    Cited by:

    1. Annette Hastings & Nick Bailey & Glen Bramley & Maria Gannon, 2017. "Austerity urbanism in England: The ‘regressive redistribution’ of local government services and the impact on the poor and marginalised," Environment and Planning A, , vol. 49(9), pages 2007-2024, September.
    2. Jamie Peck, 2017. "Transatlantic city, part 1: Conjunctural urbanism," Urban Studies, Urban Studies Journal Limited, vol. 54(1), pages 4-30, January.
    3. Sophie Gonick, 2016. "From Occupation to Recuperation: Property, Politics and Provincialization in Contemporary Madrid," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 40(4), pages 833-848, July.
    4. Jason Hackworth, 2015. "Rightsizing as Spatial Austerity in the American Rust Belt," Environment and Planning A, , vol. 47(4), pages 766-782, April.

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