By Dan Arel
Gentrification is a fact of life in capitalist America. As long as the only value stable working class neighborhoods possess is the value which can be realized by flipping the real estate, expelling the residents and replacing them with stadiums, hotels, tourist attractions and wealthier, often white residents, it may be inevitable. We have yet to see a different model of urban economic development advanced which allows working class neighborhoods to stabilize and survive. (more…)