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Kathyrn Loeb Reviews “Capital City: Gentrification and the Real Estate State”

Samuel Stein’s (2019) book uses New York City as a case study for gentrification and urban development. Kathyrn Loeb (John Jay MA) reviews it in the Review of Radical Political Economics:

“In Capital City, Samuel Stein looks to instill hope in a profession and practice that overthe past eighty or so years has led to some of the worst entrenchments of global capital—urban planning. He focuses on the urban planner as a nice person trying to do good while operating in a system where they literally cannot win. The stranglehold of financialized real estate on urban planning, federal policy, and the incentive structure for local government cannot be untangled by a nice person trying to do good. This has placed urban planners at the center of a series of contradictory directives, navigating thorny political issues, and ultimately working to uphold the regime of capital while displacing the working class through gentrification. By confronting the politicalforces underlying these economic structures, Stein hopes to show a way forward for planners that
can undo these destructive dynamics and build a better future.”

Professor Ian Seda-Irizarry: “Redefining the political in colonial Puerto Rico”

“The struggle for life is taking new and interesting twists in Puerto Rico. The last few months have seen an escalation in the confrontation between those that want to preserve the status quo and those that wanted to explore alternative roads with the November 5th election. And contrary to what some might believe, this is not necessarily about most people’s preferences changing regarding the colonial relationship with the United States. It turns out that some important elements have been mutating while others critically endure in the crisis-ridden 126 year old colony of the United States.”

Full article at New Politics.

Professor J.W. Mason: “Democrats Lost on the Economy. What Voters Felt That the Politicians Missed.”

“Commentators have written off voters’ concerns as mere vibes or the result of misleading media coverage. But a more careful look suggests that there is something to voters’ perception that they are worse-off economically. Although wages have more than kept pace with inflation, especially at the bottom, wages are not the only source of income. The withdrawal of pandemic-era welfare policies has left many people materially worse off than in the first year of the Biden administration, even as their paychecks have grown.”

Full article at Barron’s.

Professor Christian Parenti: “Why RFK Must Take on the CIA”

“Robert F. Kennedy told his children that physical courage was important because it served as preparation for the much more difficult and essential test of moral courage. If confirmed as secretary of health and human services, his son and namesake will need both. Implementing Kennedy’s agenda to “Make America Healthy Again” will require confronting extremely powerful and entrenched interests: not just Big Food, Big Ag, and Big Pharma, but also the Intelligence Community—more on which in a moment.”

Article at Compact Magazine

How Left Economists Have Challenged Economic “Common Sense”

Andrej Markovčič (John Jay MA alumnus) interviewed Arthur MacEwan and Zoe Sherman, editors of Dollars & Sense magazine on the history of “popular economics” for Jacobin Magazine.

 

As things currently stand, we are not doing very well in the United States at meeting even foundational needs to keep people alive and healthy: housing, food, medical care. And those things that we have in reasonable abundance, like clothing, are often produced in ways that involve unacceptable environmental costs and terrible labor conditions. (Things are, of course, better in some other parts of the world and much worse in many others.) And the extremes of income inequality we have reached distort every aspect of economic and political life. But there are plenty of good ideas about how to expand access to people’s basic needs, such as rent stabilization and public housing policies, and a public option or a straight-up single-payer system for medical insurance.

Read the full interview at Jacobin.