The New Economic Colonialism

Urban renewal, or economic imperialism? In Corsica, some residents resorted to dynamiting empty mansions to intimidate the wealthy from taking over their neighborhoods and homes. In San Francisco, we see increasing unrest among the poor and middle classes, for it is no longer a city where the poor and middle classes are permitted to live, let alone welcome…

FRANCE: STRIFE WITH SPECULATORS – Real estate prices on the Mediterranean island of Corsica are extortionate. A little cottage can set you back 400,000 euros. The Corsican authorities have passed a law requiring anyone who wants to buy a house there to have lived on the island for at least 5 years. The move is a response to people from mainland France and abroad buying up properties as holiday homes, causing prices to spiral. As a result, many Corsicans can no longer afford to buy property there. But now a few communities are fighting back, and threatening to enforce pre-emption rights – including the village of Cuttoli near Ajaccio, the birthplace of Napoleon.


SAN FRANCISCO TENDERLOIN PROTESTERS RALLY AGAINST TENANT EVICTIONS
: The Tenderloin is the seediest, highest-crime district in The City. Arrests do little to curb assaults, robbery and drug trafficking. Yet a 1 bedroom studio, a 475 square feet apartment, lists for $2295 monthly. Residents protest being evicted and displaced as wealthy yuppies renovate whole districts at bargain prices.

In the Middle Ages, when wealthy power elite wanted a piece of property, they simply used armies to take it.

Today, they use “perfectly legal” economic strong-arm tactics to force existing residents out. Landlords, police and sheriffs handle all that messy, unseemly business of serving eviction notices, warrants and arrests. In the end, the wealthy get what they want, and displaced residents are forced to try to find someplace else to live, else join the growing ranks of homeless.

I don’t have the answers. But we are going to have to find them. It seems obvious that improving a neighborhood and simply taking it over are two different things. Increasingly, this problem is going to become a problem of good government – and governance. We’re being pushed back closer and closer to the feudal economy.

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