Capital City: An Interview with Sam Stein

In Capital City: Gentrification and the Real Estate State, Sam Stein offers a theoretical and empirically grounded discussion of how gentrification became a generalized fact of urban life in the 21st century, and how we can not only stop it, but also build cities that work for all, not just the wealthy few. Centering his discussion around the contradictory and often hidden role of professional planners, Stein illustrates how the state has been central to the rise of real estate in urban political economies, leveraging state “police powers” to turn devalued urban land into a profitable commodity — the so called “spatial fix” that capital requires from time to time in moments of crisis. By bringing to life the diverse set of state and non-state actors responsible for turning the places we cherish into products to be bought and sold, Stein also reveals the contingencies and limits of real estate capital’s power over our lives.