Chapter

Cities and the Super-Rich

Part of the series The Contemporary City pp 273-287

Date:

Hyper-Divided Cities and the ‘Immoral’ Super-Rich: Five Parting Questions

  • Ray ForrestAffiliated withDepartment of Public Policy, City University of Hong Kong
  • , Sin Yee KohAffiliated withInstitutte of Asian Studies, Universiti Brunei Darussalam
  • , Bart WissinkAffiliated withDepartment of Public Policy, City University of Hong Kong

Abstract

This chapter summarises common themes covered in this volume and highlights areas for further empirical investigation. It is argued that there is a tendency to blame the ‘immoral’ super-rich for the dramatic growth of urban inequalities and the related hyper-division of cities. It is suggested that this accusatory reading should be complemented by empirical research into the precise involvement of the super-rich vis-a-vis other drivers. With this objective in mind, we pose five key questions: What is new about current forms of hyper-division and wealth inequality? What are the roles of structures and intermediaries, in addition to the super-rich? How are governments and their policies implicated? What about transformed urban economies in the context of the financialisation–urbanisation nexus? Are there geographical variations regarding cities and the super-rich?