In the decade between 2007 and 2017 London changed fundamentally. This article is about how the actions of the transnational über- wealthy — the “have yachts” — impinged on the life- worlds of the “merely wealthy” — “the haves.” As the authors explore the conceptual utility of gentrification as a way of thinking about these seismic urban changes, they conclude that profound socio- spatial changes and new intensities in the financialization of housing, neighborhood tensions, and cultural dislocations are reshaping London as a plutocratic city and the lives of those who live there in historically unprecedented ways. The concept of “super- gentrification,” the authors argue, does not adequately frame these circumstances.
The “HAVES” and the “HAVE YACHTS”: Socio- Spatial Struggles in London between the “Merely Wealthy” and the “Super- Rich”
Caroline Knowles is professor of sociology at Goldsmiths, University of London, and the director of the British Academy’s Cities and Infrastructure Programme. Her most recent book is Flip-Flop: A Journey through Globalisation’s Backroads (2014).
Roger Burrows, Caroline Knowles; The “HAVES” and the “HAVE YACHTS”: Socio- Spatial Struggles in London between the “Merely Wealthy” and the “Super- Rich”. Cultural Politics 1 March 2019; 15 (1): 72–87. doi: https://doi.org/10.1215/17432197-7289528
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