ABSTRACT

This chapter describes the urban process under capitalism. Within the framework of capitalism, the interpretation of the urban process on the twin themes of accumulation and class struggle. The chapter shows how the contradictions internal to the capitalist class generate a tendency towards overaccumulation within the primary circuit of capital. It shows that this tendency can be overcome temporarily at least by switching capital into the secondary or tertiary circuits. The chapter also shows the process of investment in the built environment as a mere reflection of the forces emanating from the primary circuit of capital. Capital is also interested in commodity production for the consumption fund provided this presents sufficient opportunities for accumulation. The broad lines of class struggle around the 'housing question' have had a major impact upon the urban process.