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Rent gaps in the Spanish Crisis

Mahmoud, Yahia LU and Clark, Eric LU (2016) In Turismo y crisis, turismo colaborativo y ecoturismo. p.31-42
Abstract
Rent seeking is central to processes of financialisation and crisis formtation, not least in tourism economies. Rent seeking involves the making and taking of rent gaps geared to expand unearned incomes in the form of interest revenues from debt and rental revenues from property. Changes in built environments become increasingly determined by where rent gaps can be created and appropriated, rather than as outcomes of conflict-laden, democratic, use-value oriented decision-making. In this paper we address the role of creating and appropriating rent gaps in the formation of the Spanish crisis. The normative gist of the paper is to ask: How might we go about making rent gap theory not true? The analysis highlights four key dimensions:... (More)
Rent seeking is central to processes of financialisation and crisis formtation, not least in tourism economies. Rent seeking involves the making and taking of rent gaps geared to expand unearned incomes in the form of interest revenues from debt and rental revenues from property. Changes in built environments become increasingly determined by where rent gaps can be created and appropriated, rather than as outcomes of conflict-laden, democratic, use-value oriented decision-making. In this paper we address the role of creating and appropriating rent gaps in the formation of the Spanish crisis. The normative gist of the paper is to ask: How might we go about making rent gap theory not true? The analysis highlights four key dimensions: commodification vs commons; social polarization; financialization vs democracy; and ideology underlying political, legal and institutional change. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
rent gaps, crisis, financialization, market fundamentalism
in
Turismo y crisis, turismo colaborativo y ecoturismo.
editor
Blázquez, Macià and
pages
11 pages
language
English
LU publication?
yes
id
a0c23011-d6eb-4eb2-9b6a-e297933bb539
date added to LUP
2016-10-13 12:19:05
date last changed
2016-11-09 11:40:26
@inproceedings{a0c23011-d6eb-4eb2-9b6a-e297933bb539,
  abstract     = {Rent seeking is central to processes of financialisation and crisis formtation, not least in tourism economies. Rent seeking involves the making and taking of rent gaps geared to expand unearned incomes in the form of interest revenues from debt and rental revenues from property. Changes in built environments become increasingly determined by where rent gaps can be created and appropriated, rather than as outcomes of conflict-laden, democratic, use-value oriented decision-making. In this paper we address the role of creating and appropriating rent gaps in the formation of the Spanish crisis. The normative gist of the paper is to ask: How might we go about making rent gap theory not true? The analysis highlights four key dimensions: commodification vs commons; social polarization; financialization vs democracy; and ideology underlying political, legal and institutional change. },
  author       = {Mahmoud, Yahia and Clark, Eric},
  booktitle    = {Turismo y crisis, turismo colaborativo y ecoturismo.},
  editor       = {Blázquez, Macià},
  keyword      = {rent gaps,crisis,financialization,market fundamentalism},
  language     = {eng},
  month        = {10},
  pages        = {31--42},
  title        = {Rent gaps in the Spanish Crisis},
  year         = {2016},
}