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Abstract： |
This paper aims to explore the historical constructions and spatial confliction in Taipei’s urban redevelopment regime built upon the plot ratio subsidization from the perspective of financialization and double movement. We found the pro-growth regime created the fictitious rights system of surplus plot value as the leverage to facilitate the real estate investment. However, in achieving the profit rate and efficiency, the regime is lacking of the required institutional embeddedness and accountability for governing the urban redevelopment, resulted in the forced financialization of homestead during the process. The urban social movement upraised to protest against the redevelopment regime through the explosive anti-eviction movement of Wang Family. We argue that the double movement of social self-protection is taking place within this urban process to re-embed the financializing urban development back to the societal embeddedness. |
