Washington, DC 20009 United States
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 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.
“Samuel Stein’s lucid explanation for how we got to where we’re at shines urgent light on the origins and development of what he incisively calls ‘the Real Estate State.’ Capital City places gentrification in a structurally extensive and intensive urban geography of dispossession. All who struggle for the right to the city should read this book, and realize afresh how capitalism saving capitalism from capitalism must provoke our political imagination.”
– Ruth Wilson Gilmore, author of Golden Gulag
Capital City: Gentrification and the Real Estate State by Samuel Stein is available from Verso on March 5th.