Neoliberal Urbanism

Neoliberal urbanism refers to the approach to city planning and development that emphasizes free-market principles, privatization, and deregulation. It prioritizes investment and profit-driven projects, often leading to gentrification, where wealthier individuals move into lower-income neighborhoods, displacing existing residents. This approach favors infrastructure and services that attract businesses and tourism over public welfare, resulting in increased inequality and reduced access to affordable housing. Ultimately, neoliberal urbanism shapes cities in ways that reflect corporate interests rather than the needs of all residents, focusing on economic growth rather than social equity.