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Thursday, April 5 • 3:10pm - 4:35pm
TH3.10.01 Finance-Led Capitalism, Housing and Urban Inequalities III: The State, Real Estate, and the Transformation of the City

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Cities across the globe have been undergoing a massive transformation in the aftermath of the 2008 global financial crisis. While some cities have witnessed deepening poverty, foreclosures, and homelessness, others have experienced bubbling property markets, rampant gentrification, and rental housing crises. Some cities have witnessed both processes simultaneously, with effects on social, income, and wealth inequalities that vary along axes of difference such as race, gender, class, age, and citizenship. Undergirding such changes has been a reorganization of the global financial system, with new kinds of lenders and insidious innovations in new credit products. Simultaneously many countries have implemented national consumer protection strategies, financial literacy initiatives, and financially inclusive policy, which potentially serve their stated purposes of strengthening the financial resilience of individuals and households, but can also be conceptualized as deepening processes of state-led neoliberalism and financialization. Comparison between cities, countries and their associated policy initiatives will promote dialogue on the scalar components and effects of contemporary finance-led capitalism.
This third panel in the series examines the role played by the state on the one hand, and the infusion of foreign and domestic capital on the other, in transforming the city, particularly through real estate development, housing markets, and gentrification. This session examines these dynamics in four key case-study cities: Antwerp (Belgium), Cairo (Egypt), Mumbai (India), and Detroit (USA).
Moderator: Lama Tawakkol, Queen's University 

Entrepreneurial Governance and Land Assetisation in Antwerp 
Callum Ward, KU Leuven, Belgium

Reconfiguring Homes as Investment in Financial Capitalism? The Case of Egyptian Housing Markets 
Lama Tawakkol, Queen's University

Unholy Compact: The Nexus of Domestic and Foreign Capital in the New Housing Inequalities in Mumbai 
Bharat Punjabi, University of Guelph

Gentrification and Socio-Spatial Inequality in Detroit: The Role of Public Subsidies 
Julie Mah, University of Toronto

Hordes with Cash: Real Estate Funding Platforms and the Legal-Regulatory Constitution of the Crowd 
Philip Ashton, University of Illinois at Chicago; Rachel Weber, University of Illinois at Chicago


Thursday April 5, 2018 3:10pm - 4:35pm EDT
Kent (2nd Floor)