Cash V. Culture

 

From London, Berlin to Paris – and in many other European capitals, entire quarters are being demolished and rebuilt by property developers backed by international investors, often leaving traditional areas of these cities changed beyond recognition. „Gentrification“ is the term coined by sociologists to describe this process. Now, artists throughout Europe have teamed up to fight gentrification. Professor of Sociology, Hartmut Häussermann, and an expert on gentrification, gets to the heart of it: “First they evict all the tenants, then they invest millions and cream off gigantic profits – that’s the business model!”

 

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