
Capital City: Gentrification and the Real Estate State
Author(s): Samuel Stein (Author)
- Publisher: Verso
- Publication Date: March 12, 2019
- Language: English
- Print length: 208 pages
- ISBN-10: 1786636395
- ISBN-13: 9781786636393
Book Description
Our cities are changing. Around the world, more and more money is being invested in buildings and land. Real estate is now a $217 trillion dollar industry, worth thirty-six times the value of all the gold ever mined. It forms sixty percent of global assets, and one of the most powerful people in the world—the former president of the United States—made his name as a landlord and developer.
Samuel Stein shows that this explosive transformation of urban life and politics has been driven not only by the tastes of wealthy newcomers, but by the state-driven process of urban planning. Planning agencies provide a unique window into the ways the state uses and is used by capital, and the means by which urban renovations are translated into rising real estate values and rising rents.
Capital City explains the role of planners in the real estate state, as well as the remarkable power of planning to reclaim urban life.
Editorial Reviews
Review
—Ruth Wilson Gilmore, author of Golden Gulag
“Capital City casts a cold and brilliant light on the underlying political dynamics of global cities and rightly concludes that real estate and finance are in charge. This sobering book has to be part of our toolkit as we try to find the moorings for a powerful democratic pushback in local political struggles.”
—Frances Fox Piven, co-author of Poor People’s Movements
“Want to know why the rent’s so high? Samuel Stein meticulously documents and analyzes the rise of the rip-off ‘real estate state,’ the instruments of its power, the invidious ‘plansplaining’ arguments of its defenders, and, above all, its accelerating ethnic and class cleansing of American cities, gentrification-frenzied New York in the vanguard. This superbly succinct and incisive book couldn’t be more timely or urgent.”
—Peter Marcuse, co-author of In Defense of Housing
“[
Capital City] alternates a panoptic view with one that looks more closely, from the ground up, at what reckless development does to lives and livelihoods … Explicit in Stein’s narrative is the idea that a different, more democratic kind of planning might lead us to more democratic kinds of cities.”—Nikil Saval, New Yorker
“A radical view into the heart of the processes [urban planners] oversee.”
“
Capital City deserves attention from urban historians for its nuanced analysis of neoliberal urban policy and specific measures that generate inequality and may be also used in service of justice. This book will be a useful tool for a broad swath of people seeking a greater understanding of the urgency of this political moment which grows with every demolition.”—Amanda Boston, The Metropole
“Vital and devastating … [
Capital City is] unabashed in its advocacy of a more equitable distribution of land and housing … A powerful companion to studies of the global rise of informal cities such as Mike Davis’ Planet of Slums, the racist history of housing in Richard Rothstein’s The Color of Law, [and] the horrid effects of losing one’s home in Matthew Desmond’s Evicted.”—Joshua Barnett, New York Labor History Association
Wow! eBook


