{"title":"Wrestling with “the new” state capitalism","authors":"J. Peck","doi":"10.1177/0308518X231159109","DOIUrl":"https://doi.org/10.1177/0308518X231159109","url":null,"abstract":"This paper introduces an Exchange section dedicated to the question of the new state capitalism. It is suggested that the new state capitalism, both as an ascendant concept and as marker of socioinstitutional facts on the ground, signals a significant geohistorical moment, perhaps not a new “era” as such, but a notable inflection point. This warrants critical attention, even if first-generation treatments of the phenomenon itself may have been somewhat wanting. Contributions follow from Ilias Alami, Jennifer Bair, Isabella Weber, Marion Werner, and Heather Whiteside, each of whom provide a critical take on (debates around) the new state capitalism from their own theoretical perspective and vantage point.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"10 1","pages":"760 - 763"},"PeriodicalIF":4.2,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77344678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mart‐Jan de Jong, J. Edelenbos, G. Teisman, J. Hoffman, M. Hajer
{"title":"The explanatory power of the landscape perspective on inter-organizational collaboration","authors":"Mart‐Jan de Jong, J. Edelenbos, G. Teisman, J. Hoffman, M. Hajer","doi":"10.1177/0308518X231152889","DOIUrl":"https://doi.org/10.1177/0308518X231152889","url":null,"abstract":"Collaboration between organizations is generally seen as a pre-requisite for dealing with complex problems, but such efforts appear to be inherently difficult and often disappoint expectations regarding their problem-solving capacity. In this article we add to the existing literature by taking a systemic, landscape perspective on collaborative success and failure. Using a case study of urban regeneration in the Dutch Randstad conurbation, we show that when practitioners aim to collaborate on an inter-organizational level (between organizations), they also need to collaborate productively on intra-organizational (between teams) and supra-organizational (between coalitions) levels. We investigate the tense relationships within and among these levels, and highlight what happens in-between, thereby picturing a bigger collaborative landscape. Drawing on interviews and participant observation we reveal horizontal and vertical practices of “in-betweening” within and between each level. These practices are a promising way to overcome difficulties that may surface on the inter-organizational level but are influenced by the two other levels. Understanding and synchronizing collaborations on all three levels is presented as an effective way to increase the problem-solving capacity of inter-organizational collaboration.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"4 1","pages":"1408 - 1427"},"PeriodicalIF":4.2,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80130633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Legitimacy and the extraordinary growth of ESG measures and metrics in the global investment management industry","authors":"G. Clark, Adam D. Dixon","doi":"10.1177/0308518x231155484","DOIUrl":"https://doi.org/10.1177/0308518x231155484","url":null,"abstract":"ESG metrics are increasingly important in the global investment management industry. Why this came to pass given the limited appetite for responsible investing in the industry is the subject of this paper. Although the business case for ESG provides an explanation for its increasing uptake whereby market actors are increasingly convinced of the merits of ESG as a profit centre, this explanation is insufficient. By contrast, the adoption the ESG programme offers a means of rewriting the terms of risk management and value creation that while grounded in the business case also serve to address challenges to the legitimacy of the global asset management industry. These developments are illustrated in a case study of the establishment and growth of TruCost and its purchase by S&P Global in 2016.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"11 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91286880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unpacking corporate ownership in property markets: A typology of investors and the making of an investment value chain in Brazil","authors":"D. Sanfelici, Maira Magnani","doi":"10.1177/0308518x231157742","DOIUrl":"https://doi.org/10.1177/0308518x231157742","url":null,"abstract":"Over the past few decades, a growing number of studies have analyzed the social, spatial, and economic consequences of the sharp rise in corporate ownership of property assets. These studies have shown that financial(ized) rationalities, preferences, and techniques increasingly shape the investment behavior of corporate landlords, with notable effects in cities and regions. Less attention has been given, however, to the heterogeneity of actors that are bundled together under the umbrella of corporate landlords, as well as to the investment strategies these different actors pursue. In this paper, we aim to fill this gap by analyzing the investment behavior of three corporate and financial investors in Brazil's commercial property markets: pension funds; listed property firms; and real estate investment trusts. Drawing on institutional and evolutionary approaches to economic geography, we build a typology of investor types in Brazil's commercial property markets which shows that the investment preferences of these actors are largely shaped by three key variables: their organizational rules and routines; their ownership structure; and differential access to financing. In addition, we show that these investment preferences translate into distinguishable patterns of property investment and influence broader property market dynamics by giving shape to an investment value chain.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"46 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89645008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"‘We’re just an ambulance at the bottom of the cliff’: Strategies and (a)politics of change in Berlin's community food spaces","authors":"O. Véron","doi":"10.1177/0308518x231158101","DOIUrl":"https://doi.org/10.1177/0308518x231158101","url":null,"abstract":"The benefits of community-based, grassroots food practices, such as community gardens or kitchens, are widely acknowledged. However, they have also been shown to support neoliberal and exclusionary dynamics. This paper examines this contradiction on the ground by unpacking the processes and mechanisms through which these initiatives reproduce, reinforce or challenge social inequities and injustices in the city. It suggests the concept of community food space to look at the articulation of practices and intentions within these groups, and highlight emancipatory practices situated around food rather than simply about food. The paper draws upon an ongoing militant ethnography into community food spaces in Berlin, Germany. Exploring the complex and diverse landscape of Berlin food activism, it illuminates the ways in which food may be used to perpetuate unjust social configurations or, on the contrary, to advance social justice at both local and structural levels.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"4 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75339779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Channeling the capital of others: How Luxembourg came to be asset managers’ “plumber” of choice","authors":"Samuel Weeks","doi":"10.1177/0308518x221150012","DOIUrl":"https://doi.org/10.1177/0308518x221150012","url":null,"abstract":"This article analyzes the development and growth of the administrative practices and structures necessary for leading asset management companies and other firms to create and sell their “product” of choice: investment funds. To investigate this problematic, I turn to the Grand Duchy of Luxembourg, which currently serves as the domicile for over $5 trillion in fund assets. Since the 1980s, Luxembourg's “offshore” financial center has become a leader in providing the “plumbing,” to quote an interviewee of mine, for worldwide asset manager capitalism. On offer in Luxembourg to asset managers are the routine-but-essential tasks such as domiciliation, compliance, calculation of net-asset values, and distributions. After a brief history of the rise of asset manager capitalism and Luxembourg's role in it, I detail the strategies by which the Grand Duchy's financial-center professionals collaborate to devise ways to service the ever-increasing varieties of investment funds for sale today. Having used the Luxembourg financial center as a case study, I conclude the article by arguing that, in order to understand contemporary asset manager capitalism, researchers should pay as much attention to its “collaborating administrators” in locales like Luxembourg as they currently do to its “competing titans of industry” on Wall Street or in the City of London.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"108 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75951629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The assemblages of (counter) spectacle – mega-retail in post-dictatorship Chile and beyond","authors":"Jacob C. Miller","doi":"10.1177/0308518x231155485","DOIUrl":"https://doi.org/10.1177/0308518x231155485","url":null,"abstract":"Spectacle, once a key term for critical theories, has had limited theoretical development in recent decades. To make sure the concept remains relevant today, this paper turns to actor-network theory (ANT) and assemblage theories to reconceptualize what the spectacle is and how it operates today. Working with a case study of a controversial urban spectacle in southern Chile – a new shopping mall, the “Mall Paseo Chiloé” – this paper explores a set of findings that illustrate what these approaches have to offer. First, in viewing the spectacle as a hybrid entity, we uncover vital forces inside what might at first appear to be irrelevant features of the building's architectural design. At the same time, this approach includes the forces of ambivalent desire and fluidity that reveal the dynamics of resistance inside that same design. As such, this paper focuses on a specific aspect of this building that makes it a unique form of counter-spectacle.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"27 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79796823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ten theses on the new state capitalism and its futures","authors":"Ilias Alami","doi":"10.1177/0308518X231156910","DOIUrl":"https://doi.org/10.1177/0308518X231156910","url":null,"abstract":"Global capitalism is currently experiencing a turbulent and polymorphous (geo)political reordering, encompassing multiple transformations in the landscapes of state intervention, and a drastic reconfiguration of the state's role as promoter, supervisor and owner of capital across the world economy. Can the concept of state capitalism aid us in grasping these transformations conceptually? My answer is yes, with the proviso that state capitalism is neither conceptualised as a national (or regional) variety of capitalism, nor as a new regime of accumulation, but as a flexible means of problematising this historic arc in the trajectories of state intervention. Based on this approach, I offer in this essay ten theses on the new state capitalism, its roots in the dynamics of capital accumulation, its relations to broader material conflicts and its potential futures.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"23 1","pages":"764 - 769"},"PeriodicalIF":4.2,"publicationDate":"2023-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84562663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unleashing speculative urbanism: Speculation and urban transformations","authors":"H. Leitner, E. Sheppard","doi":"10.1177/0308518X231151945","DOIUrl":"https://doi.org/10.1177/0308518X231151945","url":null,"abstract":"The papers and commentaries constituting this special issue offer new insights into speculative urbanism from the perspective of two southern metropolises. Based on an international and interdisciplinary collaboration comparing speculative urbanism in central and peri-urban Jakarta (Indonesia) and Bengaluru (India), and interrogating the literature triggered by a seminal 2011 paper by Michal Goldman, this issue extends existing speculative urbanism scholarship in four ways. First, the papers in this special issue take a multi-scalar approach, placing speculative urban practices within the broader spatio-temporal conjunctural contexts shaping their emergence. Second, extending currently economistic framings, they show how speculation also is socio-cultural. The diverse actors engaged in speculative urbanism do not simply seek to accumulate wealth; they do so with aspirations in mind for differentially imagined, but yet-to-be-realized, urban/peri-urban futures. Third, they highlight how speculative urbanism involves a broader range of actors than the usual suspects (developers and financial institutions), including land brokers, individual landlords, the state and its actors, and residents displaced from informal settlements. Fourth, they draw attention to diverse objects of urban speculation; not only land and property, but also more-than-human phenomena such as urban socio-ecologies and socio-technical networks.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"1 1","pages":"359 - 366"},"PeriodicalIF":4.2,"publicationDate":"2023-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83609789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Value magic","authors":"R. Lake","doi":"10.1177/0308518x231154254","DOIUrl":"https://doi.org/10.1177/0308518x231154254","url":null,"abstract":"The urban process encompasses vast structures and practices engaged in creating, extracting, and accumulating value in and from the urban landscape. But what is value and how does it attain its coercive power over urban life? The unreflective deployment of axiomatic assumptions regarding the source and substance of value constitutes a form of magical thinking conjuring something out of nothing and transforming an immaterial abstraction into a material force that is real in its consequences. Unpacking the concept of value reveals a contentious debate regarding the ontological status of value as a driver of the urban process. Alternative formulations posit value as intrinsic or extrinsic, objective or subjective, residing in the world or constructed in the mind, driven by universal law or spatially and temporally contingent. Transcending all such dualisms, a transactional approach drawn from Deweyan pragmatism understands value as a co-constitutive interrelation among a valuing subject, an object of valuation, and the enveloping context in which valuation occurs. The delineation of value's ontology is fraught with political consequences for reproducing or altering the urban status quo. The move toward desired outcomes begins with articulating the foundational assumptions that underlie the value practices propelling the urban process in specific situations. Pluralizing value assumptions focuses the problem on the political question concerning whose value(s) prevail in a given situation. This redefinition shifts the focus from ameliorating current practices of extracting value to politically contesting the value commitments at work in the world.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":"174 1","pages":""},"PeriodicalIF":4.2,"publicationDate":"2023-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85428591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}