Click here to download

The super-rich and the dark side of "Capital London"
Journal Title: TERRITORIO 
Author/s: Paola Briata 
Year:  2021 Issue: 96 Language: Italian 
Pages:  11 Pg. 7-17 FullText PDF:  1226 KB
DOI:  10.3280/TR2021-096001
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 

For a long time, scholars and policy makers have considered the spatial concentration of wealthy people as a not problematic phenomenon. Rooted in this context, the paper reflects on recent literature that has critically analysed the presence of the super-rich in some global cities, particularly in London. If the media have focused on the urban crisis related to the loss of urban vitality due to the phenomenon of empty homes in places where properties represent mainly an investment, here also the consequences of the presence of the super-rich on the availability of affordable housing, as well as on the shrinking domain of the public sphere in urban areas where development is addressed to these populations are considered.
Keywords: super-rich; urban crises; London

  1. Atkinson R., 2017, «London, whose city?». Le Monde Diplomatique,-- (accesso: 2020.07.06).
  2. Atkinson R., Ho H., 2019, «Segregation and the Super-Rich: Enclaves, Networks and Mobilities». In: Musterd S. (ed.), Research Handbook on Urban Segregation. London: Edward: 289-305. Atkinson R., Burrows R., Parker S., 2015, «The power of raw money». Le Monde Diplomatique, -- (accesso: 2020.07.06).
  3. Atkinson R., 2020a, «The rich need the city like an astronaut needs a spacesuit: How the super rich wealthy took over London». The Independent. -- (accesso: 2020.07.06).
  4. Atkinson R., 2020b, Alpha City. How London Was Captured by the Super-Rich. London: Verso.
  5. Bauman Z., 2013, Does the Richness of the Few Benefit us All? Cambridge (ma): Polity Press.
  6. Briata P., 2012, «Beyond social mix: Looking for a path to rethink at planning in the ‘cities of difference’». Plurimondi, 10: 65-80.
  7. Briata P., 2018, «Crescita e polarizzazione sociale: una lettura critica dei piani per la Grande Londra». Urbanistica, 159: 133-143.
  8. Briata P., 2019, Multiculturalismo senza panico. Parole, territori, politiche nella città delle differenze. Milano: FrancoAngeli.
  9. Burgess S., Wison D., Lupton R., 2005, «Parallel Lives? Ethnic Segregation in Schools and Neighbourhoods». Urban Studies, 42, 7: 1027-1056., DOI: 10.1080/00420980500120741
  10. Burrows R., Webber R., Atkinson R., 2017, «Welcome to ‘Pikettyville’? Mapping London’s alpha territories». The Sociological Review, 65, 2: 184-201., DOI: 10.1111/1467-954X.12375
  11. Cucca R., Ranci C., 2017, Unequal Cities. The challenge of post-industrial transition in times of austerity. London: Routledge.
  12. dclg – Department of Community and Local Government, 2019, Local authority housing data, -- (accesso: 2020.07.06).
  13. Dorling D., 2014, Inequality and the 1%. London: Verso.
  14. Finney N., Simpson L., 2009, ‘Sleepwalking to Segregation?’ Challenging Myths about Race and Migration. Bristol: The Policy Press.
  15. Florida R., Mellander C., Ritchie I., 2019, The Geography of the Global Super Rich. Toronto: Martin Prosperity Istutute, -- (accesso: 2020.07.06).
  16. Foster J.B., 2007, «The financialisation of capitalism». Monthly Review, 58, 11: 1-12 -- (accesso: 2020.07.06).
  17. Forrest R., Koh S., Wissink B., 2017, eds., Cities and the Super Rich: Real Estates, Elites Practices and Urban Political Economies. Berlin: Springer.
  18. Frank R., 2007, Richistan: A Journey through the American Wealth Boom and the Lives of the New Rich. New York: Crown Publishers.
  19. Glass R., 1964, London, Aspects of Change. London: Centre for Urban Studies.
  20. Hamnett C., 1994, «Social polarization in global cities: theory and evidence ». Urban Studies, 31, 3: 401-424., DOI: 10.1080/00420989420080401
  21. Knight Frank, 2020, The Wealth Report 2020. -- (accesso: 2020.07.06).
  22. Koh S.Y., Wissink B., Forrest R., 2016, «Reconsidering the super-rich: variations, structural conditions, and urban consequences». In: Hay I., Beaverstock J.V. (eds.), Handbook on Wealth and the Super-Rich. Cheltenham: Edward Elgar Publishing, 18-40.
  23. Lees L., 2002, «Super-gentrification: The Case of Brooklyn Heights», New York City. Urban Studies, 40, 12: 2487-2509., DOI: 10.1080/0042098032000136174
  24. Lundberg F., 1968, The Rich and the Super-Rich: A Study in the Power of Money Today. New York: L. Stuart.
  25. Mc Kenzie R., Atkinson R., 2020, «Anchoring capital in place: The grounded impact of international wealth chains on housing markets in London». Urban Studies, 57, 1: 21-38., DOI: 10.1177/0042098019839875
  26. Minton A., 2017, Big Capital. Who is London for? London: Penguin Books.
  27. Moore R., 2017, Slow Burn City. London in the 21st Century. London: Picador.
  28. Palan R., 2006, The Offshore World. Ithaca (ny): Cornell University Press.
  29. Palan R., Murphy R., Chavagneux C., 2010, Tax Havens: How Globalisation Really Works. Ithaca (ny): Cornell University Press.
  30. Piketty T., 2014, Capital in the Twenty-First Century. Cambridge (ma): Harvard University Press.
  31. Pogliani L., 2017, «Capitale coraggiosa: Londra e la politica metropolitana per la casa sostenibile». In: Urbanistica Dossier, 13: 496-502.
  32. Pow C., 2017, «Elite informality, spaces of exception and the super-rich in Singapore». In: Forrest R., Koh S., Wissink B. (eds.), Cities and the Super Rich: Real Estates, Elites Practices and Urban Political Economies, Berlin: Springer, 209-228.
  33. Raco M., Livingstone N., Durrant D., 2019, «Seeing like an investor: urban development planning, financialisation, and investors’ perceptions of London as an investment space». European Planning Studies, 27, 6: 1064-1082., DOI: 10.1080/09654313.2019.1598019
  34. Raymen T., 2018, Parkour, Deviance and Leisure in the Late-Capitalist City: An Ethnography. London: Emerald Publishing.
  35. Rowlingson K., Connor S., 2011, «The deserving rich? Inequality, morality and social policy». Journal of Social Policy, 40, 3: 437-452., DOI: 10.1017/S0047279410000668
  36. Roy A. 2009, «The 21st century metropolis: new geographies of theory». Regional Studies, 43, 6: 819-830., DOI: 10.1080/00343400701809665
  37. Sassen S., 1991, The Global City: New York, London, Tokyo. Princeton: Princeton University Press.
  38. Savage M., 2014, «Thousands of homes left empty in London’s super rich boroughs». The Times, 12.03.2014. -- (accesso: 2020.07.06).
  39. Savage M., 2015, Social Class in the 21st Century. London: Pelican.
  40. Savage M., Williams K., 2008, eds., Remembering Elites: New York: Wiley.
  41. Sayer A., 2015, Why we Can’t Afford the Rich. Bristol: Policy Press.
  42. Shaxson N., 2012, Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens. London: Vintage Books.
  43. Sklair L., 2009, «The transnational capitalist class – theory and empirical research». In: Sattler F. and C. Boyer C. (eds), European Economic Elites: Between a New Spirit of Capitalism and the Erosion of State Socialism. Berlin: Duncker & Humblot, 497-523.
  44. Sklair L., 2013, «La ‘globalisation’ capitaliste et la classe capitaliste transnationale». In: Caille, A., Dufoix, S. (eds.), Le tournant global des sciences sociales. Paris: La Decouverte, 237-262.
  45. Stiglitz J. E., 2012, The Price of Inequality. London: Allen Lane. Urry J., 2014, Offshoring. Cambridge: Polity Press.
  46. Watts P., 2015, Up in Smoke. The Failed Dreams of Battersea Power Station. London: Paradise Road.
  47. Webber R., Burrows R., 2016, «Life in alpha territory: Discontinuity and conflict in an elite London ‘village’». Urban Studies, 53, 15: 3139-3154., DOI: 10.1177/0042098015612983
  48. Zorbaugh H.W., 1929, The Gold Coast and the Slum: A Sociological Study of Chicago’s Near North Side. Chicago: University of Chicago Press.

Paola Briata, The super-rich and the dark side of "Capital London" in "TERRITORIO" 96/2021, pp. 7-17, DOI:10.3280/TR2021-096001


FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content