ATHENS'S PHILANTHROCAPITALIST LANDSCAPE WITHIN THE CRISIS–AUSTERITY CONJUNCTURE

Penny (Panagiota) Koutrolikou, Antonis Papangelopoulos and Christos Georgakopoulos

International Journal of Urban and Regional Research, 2025, vol. 49, issue 2, 285-303

Abstract: The hegemony of neoliberal and austerity policies, which became further entrenched within the continuum of crises unfolding in the past 30 years, has provided ample opportunities for corporate actors and foundations to gain an increasingly decisive role in aspects of social and political life and governance. In several crisis‐afflicted cities, local and global philanthropic and philanthrocapitalist foundations became key stakeholders in urban development and governance, as well as in restructuring the terrain of urban policies and decision making. This article explores the growing influence that philanthrocapitalist foundations have acquired in the city of Athens in the past 15 years of entangled crises. By focusing on urban projects leveraged or implemented by these foundations in Athens, we trace the philanthrocapitalist urban landscape of the city and explore the transformations it prompts, not only in the ‘image of the city’, but also in urban governance and urban and political imaginaries. This emerging urban landscape is diverse and multiscalar, consisting of interventions in urban governance, developing or promoting landmark projects and implementing a multitude of small‐scale projects dispersed over neighbourhoods. It reflects the omnipresence of philanthrocapitalism in the city's affairs and raises questions about the impact that this recent transformation might have.

Date: 2025
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