CAPITALIZING CRISIS: Urban Extractivism in Athens Amidst Neoliberal Restructurings
The study conceptualizes post-2009 Athens through the lens of urban extractivism, analyzing how the Greek sovereign debt crisis institutionalized extractive governance. Drawing on legislative analysis and four years of ethnographic research in rapidly transforming neighborhoods, it traces how urban land, housing, infrastructure, and public commons are treated as exhaustible resources for transnational capital.
Why it matters — It reframes Southern European cities not as passive sites of austerity adjustment, but as active, systematically reorganized territories designed for repeated cycles of urban value extraction through exceptional planning regimes and real estate financialization.