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Neoliberalisation from the Ground Up: Insurgent Capital, Regional Struggle, and the Assetisation of Land

Ward, C; Swyngedouw, E; (2018) Neoliberalisation from the Ground Up: Insurgent Capital, Regional Struggle, and the Assetisation of Land. Antipode , 50 (4) pp. 1077-1097. 10.1111/anti.12387. Green open access

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Abstract

In this paper we argue that “assetisation” has been a central axis through which both neoliberalisation and financialisation have encroached in the post‐Fordist era. We focus on the mobilisation of land as a financial asset in northwest England's former industrial heartlands, offering an account of how property developer the Peel Group came to dominate the land and port infrastructure of the region through aggressive debt‐led expansion and, in particular, a hostile takeover of the Manchester Ship Canal for its land‐bank. In doing so, we illustrate how the capture of resources, especially land, by private corporations has shaped both substance and process of neoliberalisation from the ground up. By focusing on transformative struggles over land we contribute to research agendas attempting to understand the systemically dispossessive nature of assetisation, its relationship to fictitious capital formation, and the way such neoliberalising transformations are produced through grounded and situated socio‐spatial struggles.

Type: Article
Title: Neoliberalisation from the Ground Up: Insurgent Capital, Regional Struggle, and the Assetisation of Land
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/anti.12387
Publisher version: https://doi.org/10.1111/anti.12387
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Social Sciences, Geography, financialisation, Peel Group, Manchester Ship Canal, assetisation, neoliberalisation, grounded political economy, POLITICAL-ECONOMY, ATLANTIC GATEWAY, STATE, STRATEGY, FINANCIALIZATION, PROJECTS, URBANISM, CITIES
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning
URI: https://discovery-pp.ucl.ac.uk/id/eprint/10088130
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