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During the past five decades, the neoliberal market economy has become one of the most influential forces in the process of spatial production, transforming cities worldwide by subjecting them to the rationale of global finance. In a world where religions and ideologies continue to lose their influence, financial supremacy has turned into an adequate substitute. The global nature and overarching impact of neoliberalism has made it the research focus of a vast cohort of urban and architectural scholars, historians, theoreticians, geographers, and economists, leading to a significant body of literature that discusses the relationship between the market economy and the built environment on all scales. This “globality” of neoliberalism is recently being disputed by its widely-accepted depiction as a western phenomenon with varied local implementations. Post-socialist neoliberalism, we argue, is not an isolated occurrence but rather an extreme case that accentuates the distinct features of neoliberal spatial transformations, making its characteristics more evident and traceable. This thematic issue challenges the notion of neoliberalism as solely a post-Fordist Keynesian phenomenon, proposing a new theoretical framework that redefines the neoliberalization of the built environment as a global spectacle with diverse, yet analogous, localized expressions across various spatial scales.
Schwake et al. (Mon,) studied this question.