The financialization of everyday life
Kazys Varnelis / varnelis.net / 6|9|2010
[…] New to network culture (/network_culture) , the globalized residential real estate market led to cities and buildings that are largely empty but rather act as sinks for global capital. Dubai is the obvious example. Venice, Italy is another: its population is largely composed of low-income service workers but the island is now dominated by pied-à-terres owned by the very rich who principally occupy them during the Biennale and Carnevale, forcing the service workers into housing on the mainland. […] Wolfgang Scheppe, Migropolis: Venice: Atlas of a Global Situation (Ostfildern: Hatje/Cantz: Fondazione Bevilacqua La Masa: Commune di Venezia, 2009).