Getting from Internal Colony to Subprime Haven to Circular Economy in Racialized Space: The Logic of Reinvestment vs. the Globalization of Accumulation
This presentation focuses on two issues in current policy debate: first, how to renew the economic fortunes of communities disproportionately affected by the subprime and foreclosure crises; second, how to “localize” city and regional economies so as to make them more sustainable and resilient.
The second topic, which leads to the idea of a “circular economy,” has received enormous global attention; indeed, “circular economy” was featured as a key element in taking on global warming in the November 2015 Paris climate summit (COP21). Yet the first topic remains off the political map.
However, the two topics are linked: contemporary efforts to create localized or circular economies echo debates in the 1970s over whether the political economic fortunes of African American and Chicano/Latino inner-city areas in the United States could be stabilized by internalizing cash flows in the community. Dymski and Chiong’s research shows how understanding the logic of reinvestment is crucial for developing truly inclusive approaches to regional development in the post-subprime crises period.
Contact
Contact Mahsheed Ayoub or 805-893-3914
Professor Christopher McAuley,