ABSTRACT
This chapter theorizes more completely the renewed housing question by understanding the nature of contemporary global capitalism. It accomplishes this by drawing on a multidisciplinary array of Marxian approaches ranging from urban geography to global political economy to feminist political economy to racial capitalism, which the author catalogs under the broader ambit of historical-geographical materialism. The chapter focuses on producing surplus and scarcity and, subsequently, governing surplus and scarcity. It discusses the level of abstraction and develops the understanding of global capitalism. The majority of people residing in global, deindustrialized cities are engaged in high-skill, high-wage service sector activities, including finance, real estate and insurance, as well as other knowledge-based sectors.
