URST 200 Lecture 7: Discussion 7
Document Summary
Paris during the 18th century --> hausmann, capitalism. Us during the 18th century --> intiated after world war 2, led by. Current crisis --> 2008 financial crisis, occurred across the world. Essentially when banks gave out loans even thought here were no money avaliable (initiated by world financial institutions) Specifically talks about the us housing market in the us, when they encourage private home ownership through lending and debt. Thus causing people to borrow more even though they don"t have enough money to pay it off. All 3 of these crisis" link economy to the urban fabric (specifically how economy changes the urban fabric) Internal contradiction of accumulation: when we invest too much risk in renovating our urban infrastructure (a sort/type of accumulation)
