Abstract

Rust Belt America and its towns and cities continue to struggle and find new ways to facilitate capital accumulation during the current (post-2008) cycle of crisis in capitalism. It is a perversely creative process par excellence. Focusing on large cities and small towns, we tease out capital and the state’s processes that take advantage of what is left behind after the shrinkage of their industries, job and tax bases, and sources of revenue after rounds of deindustrialization. Here, global capital, like vultures, having recently wreaked havoc on vast disadvantaged populations in America and around the world in cycles of accumulation, now comes back to feast on the ruins (people, physical infrastructures, unstable economic bases, neighborhoods). In less metaphorical terms, capital continues its relentless pursuit for profit that takes it, in one more round of activity, to communities across the globe only to abandon them and later come back. Though much has been written about the behavior and logic of footloose capital in its earlier rounds of global relocation, less explored is how global capital today finds new opportunities in these left-behind spaces.
Original languageEnglish (US)
Title of host publicationCities and Inequalities in a Global and Neoliberal World
EditorsFaranak Miraftab, David Wilson, Ken Salo
PublisherTaylor and Francis Inc.
Pages28-48
Number of pages21
ISBN (Electronic)9781134521104
ISBN (Print)9780415705981
DOIs
StatePublished - Apr 24 2015

Fingerprint

rust disease
de-industrialization
capital accumulation
deindustrialization
small town
move
large city
taxes
capitalism
capitalist society
relocation
revenue
profit
town
infrastructure
industry
community
economics

ASJC Scopus subject areas

  • Social Sciences(all)
  • Earth and Planetary Sciences(all)

Cite this

Miraftab, F., & Wilson, D. (2015). New inequalities in America's rust belt. In F. Miraftab, D. Wilson, & K. Salo (Eds.), Cities and Inequalities in a Global and Neoliberal World (pp. 28-48). Taylor and Francis Inc.. https://doi.org/10.4324/9781315887593-10

New inequalities in America's rust belt. / Miraftab, Faranak; Wilson, David.

Cities and Inequalities in a Global and Neoliberal World. ed. / Faranak Miraftab; David Wilson; Ken Salo. Taylor and Francis Inc., 2015. p. 28-48.

Research output: Chapter in Book/Report/Conference proceedingChapter

Miraftab, F & Wilson, D 2015, New inequalities in America's rust belt. in F Miraftab, D Wilson & K Salo (eds), Cities and Inequalities in a Global and Neoliberal World. Taylor and Francis Inc., pp. 28-48. https://doi.org/10.4324/9781315887593-10
Miraftab F, Wilson D. New inequalities in America's rust belt. In Miraftab F, Wilson D, Salo K, editors, Cities and Inequalities in a Global and Neoliberal World. Taylor and Francis Inc. 2015. p. 28-48 https://doi.org/10.4324/9781315887593-10
Miraftab, Faranak ; Wilson, David. / New inequalities in America's rust belt. Cities and Inequalities in a Global and Neoliberal World. editor / Faranak Miraftab ; David Wilson ; Ken Salo. Taylor and Francis Inc., 2015. pp. 28-48
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