Saskia Sassen | October 16 | PUSHBACK Talks!
The Filmmaker and The Advocate reconnect with Saskia Sassen, prominent Professor of sociology at Columbia University, one of the world’s most important thinkers on cities, and a central character in PUSH-The film. The trio continue the conversation about why so many people can’t afford their homes any longer. Going to the heart of the matter they unpack Saskia’s powerful analysis that finance – which now dominates residential real estate – is an extractive sector, like mining. Once finance has extracted what it needs it moves on without a care for what’s left behind.
The conversation turns to a deep probing of the meaning and relevance of “money”. When money is used by institutional investors to create new financial instruments, or to leverage more capital is it still “money” as we know it or have we exited the domain of money? The co-hosts wrap up by querying where the uber commodification of housing is going. Have we entered a new epoch where familiar rules and systems that might regulate financialization are thrown out? Will financialization eat itself up? Or will people who are pushing back force change?
Listen to the conversation here.