doiSerbia

Gentrification, creative class and problems of conflict of interest in contemporary urban development

Kostić Vladimir (Faculty of Economics, Kosovska Mitrovica)
Kostić Aleksandar (Faculty of Economics, Kosovska Mitrovica)
Dinić-Branković Milena (Faculty of Civil Engineering and Architecture, Niš)

This paper considers modern city territories and analyzes neoliberal spatial city planning which is, among other things, mostly realized through gentrification. While explaining the modern transformation tendencies of cities the authors seek to find the link between the gentrification phenomenon and the rise of city inequality. In this context, marginality is not the result of economic underdevelopment but economic progress. The paper explores the reasons why contemporary urban politics leads to class segregation. The authors investigate a genetic connection of the capital and urbanization confirming Harvey’s paradigm that „capitalism is forced to urbanize in order to renew itself“. Furthermore, the paper investigates the relationship between creative class-creative city and to what extent it is reality and to what “a utopia for the chosen ones.”

Keywords: urban renewal, neoliberalism, post city, inequality, commercialization