Sociology in the modern world faces many challenges. This edited volume explores significant themes including inequality, structures of power, conceptions of justice and sustainable futures, forming a critical examination across twenty-five individually authored chapters. This text forms part of SAGE Studies in International Sociology series (SSIS).
Chapter 2: When Extractive Logics Rule: Proliferating Expulsions*
When Extractive Logics Rule: Proliferating Expulsions*
The Keynesian period was one of mass production and mass construction of suburban space; this brought with it an economic logic that valued people as workers and consumers. The current phase of advanced capitalism is dominated by sectors, such as finance, far less geared towards mass consumption even if the latter still accounts for a vast share of the global economy. Elsewhere (Sassen, 2014) I have examined in what ways finance is actually radically different from traditional banking and is, rather, akin to an extractive sector – a term not usually applied to finance. Mining is extractive, as is plantation agriculture. But so is Google in many ways, ...