In the period since the Wall Street crash of 2008, U.S. cities have been experiencing unprecedented conditions of financial stress, brought on by simultaneous reductions in (property) tax revenues and in intergovernmental transfers. Widely generalized in some respects, these conditions have also been marked by (new forms of) spatial unevenness. The most extreme cases have included a conspicuous cluster of bankrupt municipalities—most notably Detroit—together with a substantially larger number of cities subject to “emergency management” or similar forms of state oversight. The presentation will survey this newly restructured urban landscape, and the novel forms of structural adjustment that have been unfolding in its wake, drawing out implications for metropolitan governance and for the shifting modalities of neoliberal politics.
Prof. Jamie Peck is Canada Research Chair in Urban & Regional Political Economy, Distinguished University Scholar, and Professor of Geography at the University of British Columbia. With long-term research interests in urban restructuring, geographical political economy, labour studies, the politics of policy formation and mobility, and economic geography, his current research is focused on the financial restructuring of U.S. cities, the politics of contingent labor, and the political economy of neoliberalization. His recent books include Offshore: Exploring the worlds of global outsourcing (2017, Oxford); Fast Policy: Experimental statecraft at the thresholds of neoliberalism (2015, Minnesota, with Nik Theodore); and Constructions of Neoliberal Reason (2010, Oxford). Jamie Peck is the Editor-in-Chief of the Environment and Planning series of journals.
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