In this section, you can access to the latest technical information related to the FUTURE project topic.

From the State to the Shareholder: Rent and the Production of Shareholder Value in Real Estate

https://onlinelibrary.wiley.com/doi/abs/10.1111/anti.12620?af=R Abstract

This article seeks to tackle less researched areas of financialisation, namely class relations within the sphere of production. We ethnographically explore the trajectories of two small construction family"?firms in Greece and Spain, traditionally perceived as the backbone of the Mediterranean economy but also lying at the very heart of the last financial bubble. Looking at the boom and bust of such ventures, we argue that the penetration of credit in this particular production structure, built through subcontracting chains, has reproduced and intensified deep inequalities: privileged position regarding financing enabled profit to be channelled upwards whereas risk and exploitation was transferred downwards. At the same time, rent"?making or rent"?extraction practices have become pervasive not only in the circulation and consumption spheres but also inside production.

» Author: 2> <p>Following the 2008 global financial crisis, the use of real estate tax credits to generate shareholder value for investors increased significantly. While tax credits are lauded as crucial to the delivery of social goods like affordable hous

» Source: Wiley

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