Thinking Past Henri Lefebvre: Introducing “The Theory of Ground Rent and Rural Sociology”

This introduction to the translation of Henri Lefebvre's 1956 essay “The theory of ground rent and rural Sociology” moves through three stages. First, it suggests that Anglophone appropriations of Lefebvre have tended to focus too much on his urban writings, at the expense of understanding his early work on rural sociology, and failing to recognise how his urban focus emerged as a result of his interest in rural–urban transformation. Second, it provides a summary of his wider work on rural questions, including his unfinished work on a major treatise of rural sociology; and outlines the key themes of the present essay in relation to these other projects. Third, it connects Lefebvre's issues to wider debates in political economy and geography about aspects of the rural, land and ground rent, not least including the work of Antonio Gramsci and José Carlos Mariátegui.     

From the State to the Shareholder: Rent and the Production of Shareholder Value in Real Estate

Following the 2008 global financial crisis, the use of real estate tax credits to generate shareholder value for investors increased significantly. While tax credits are lauded as crucial to the delivery of social goods like affordable housing, the multiplier effects they supposedly generate fail to account for the hollowing out of the state that occurs as public funds are transferred to shareholders. Through a detailed case study of the historic tax credit industry in the United States, this research shows how many of the banks and financial institutions investing in tax credits have come to rely on overly engineered forms of landownership, deeply discounted credit pricing, and a wave of stock buybacks to boost their corporate profitability. This paper therefore develops a theoretical framework to understand taxation as a financialised accumulation strategy where the state serves as an important—if not problematic—source of real estate profit.     

The Precarity of Young People’s Housing Experiences in a Rural Context

Young people’s housing, economic and labour market circumstances have become increasingly insecure due to the combined effects of the 2007/2008 economic crisis, neoliberal welfare reforms, rising costs of higher education and the shortage of affordable housing. Discussions of young peoples’ experiences in these domains have largely neglected their spatial variability but evidence suggests that young people living in rural parts of the UK have distinctive experiences of housing, which are closely connected to labour markets and educational opportunities. By drawing on qualitative data from young people and housing professionals, this article explores some of these rural distinctions and frames them within theoretical debates about the ‘precariat’. It argues for a more theoretically informed and geographically nuanced understanding of contemporary housing issues as rural youth potentially face greater precarity than their urban peers.     

俄国1861年改革后农民赋役负担探析

俄国1861年农民改革废除了农民的封建人身依附关系,农民成为法定的自由人,同时可以获得土地所有权。但是改革后的赋役负担制约了农民自由权利和土地所有权的实现。政府仍奉行严厉的赋税政策,农民想尽各种办法筹集税款,却终难摆脱欠税的命运。农民承担的劳役租、代役租和混合租在改革后均转变为代役租,加之担负着各种实物义务,农民的经济负担愈益沉重。繁重的赋役负担迫使大量农民破产,严重阻碍了农民经济的发展。     

Potemkin Revolution: Utopian Jungle Cities of 21st Century Socialism

This paper explores the entanglement of ideology and materiality in the production of the spaces of 21^st century socialism. “Millennium Cities” are currently being constructed for indigenous communities throughout the Ecuadorian Amazon, with revenues derived from petroleum extracted within their territories. As iconic spatial symbols of the “Citizens’ Revolution”, the Millennium Cities would appear to embody “the original accumulation of 21^st century socialism”—a utopian state ideology promising the collective appropriation of natural resources without the dispossession of the peasantry. Drawing on extensive field research, we argue that they are better understood as a simulation of urban modernity that is symptomatic of the predominance of ground rent in South American capitalism, and which conceals the violent repression of an autonomous indigenous project of petroleum‐based modernization. The original accumulation of 21^st century socialism can therefore be interpreted as a “fantasy of origins”, which functions to reproduce the primitive accumulation of capital.     

广州市商业功能区空间结构研究

商业功能区是城市商业多种业态和功能在不同地域的反映,其形成环境和演化过程深刻地影响着城市商业空间结构的发展走势。下文通过分析广州市商业功能区的空间分布特征、形成机制及演化趋势,探讨城市商业功能区的发展规律。     

Class Monopoly Rent and the Redevelopment of Portland's Pearl District

This study examines the role of class monopoly rent in shaping the spatial form and pattern of urban redevelopment processes in the contemporary neoliberal city. Since an initial flourishing literature during the 1970s and 1980s, urban land rent theory has fallen from the analytic radar of critical urban studies since the early 1990s, with the influence of class monopoly rent often considered an aberration of how capitalist real estate markets normally operate, if not rejected. Consequently, class monopoly rent has never been systematically elaborated. Based on an empirical analysis of Portland's Pearl District, this study suggests that the influence of class monopoly rent in contemporary processes of urban redevelopment is far more pervasive than often recognised, representing a “standard institutional practice” that is endemic (rather than aberrational) to the working of neoliberal urban governing regimes, and embeds in the social and physical landscape in a multiplicity of ways.     

Speculating on Slums: Infrastructural Fixes in Informal Housing in the Global South

In this paper, we seek to revisit earlier work on the theory of rent, situating it in the current period of economic crisis and in relation to informal housing in the global South. More than ever, land is treated as a pure financial asset. Finance capital now exerts a profound influence over the production of space and exposes the built environment to the kinds of speculative binges that we have witnessed over the last decade. This is now as much a feature of living conditions in the poorest settlements of the global South as it is in the financial heartlands of the global North. We question key assumptions behind development interventions by arguing that infrastructural upgrading may decrease the security of tenure of residents of informal housing and call for a more nuanced approach that recognises the (post)colonial histories of urbanisation structuring access to land and housing.     

Russia after the Global Financial Crisis

Two prominent American specialists on the Russian economy present a fundamental analysis of basic economic factors explaining how the global financial crisis has played out in Russia and its implications for the country's future. More specifically, the authors examine the consequences of Russia's dependence on and addiction to resource (oil and gas) rents and of the management system put in place under Vladimir Putin to maintain, secure, and distribute these rents. They then investigate how each of these factors has emerged from the crisis and how it might evolve in the years ahead. Focusing on the distinction between rent dependence and addiction, the authors question the conventional wisdom that diversification of Russia's economy (away from oil and gas) is a desirable objective that will render it less vulnerable to external shocks. Journal of Economic Literature, Classification Numbers: E020, F020, G010, O130. 15 figures, 44 references.     

Learning from the RSPT mistakes: is reform still possible?

The political ramifications of the failed Resources Super Profit Tax have been widely documented, yet the causes of this political failure are more contested. Many accounts highlight the discursive power of business and the effectiveness of their campaign against the mining tax. Effective business activism certainly played its part, but this article argues that strategic failings on the part of government also influenced the outcome. This article highlights how the Labor government's failure to consult, to understand the political implications of federalism and above all its impact on the industry in the hope that future policymakers will learn from the mistakes of the mining tax debacle.