to read Jamie Peck's "Austerity Urbanism" published in June 2015 by the Rosa Luxemburg foundation, New York office, click on

http://www.rosalux.de/fileadmin/rls_uploads/pdfs/engl/peck_austerity_urbanism_eng.pdf

Austerity and Struggle in the 21st Century City

Cities are sites of contestation. This has never been truer than today, with inequalities in the industrialized world rising to levels not seen in decades. Neoliberalism continues to reign—in spite of its spectacular failures, most recently exemplified by the Great Recession of 2007-08—and austerity policies are the recipe du jour, marking a new stage in what David Harvey describes as “accumulation by dispossession.”