Property Development: Improperty, Plutocracy and Criminogency

Balihar Sanghera () and Elmira Satybaldieva ()
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Balihar Sanghera: University of Kent
Elmira Satybaldieva: University of Kent

Chapter Chapter 5 in Rentier Capitalism and Its Discontents, 2021, pp 79-117 from Springer

Abstract: Abstract This chapter examines how property owners and developers gained wealth and political power in Kyrgyzstan and Kazakhstan. The unequal ownership and control of real estatereal estate properties enabled wealthy elites to extract income by mere virtue of having property rights. Business and political elites engaged in violent and criminal struggles to control lucrative real estatereal estate. Moreover, new retail development projects involved elite struggles over the specifics of value grabbing; i.e. who pays rent to whom. Wealthy rentiers sought to capture the statethe state through lobbying, donations, the media and elected office. The blurring of state and corporate interests created criminogeniccriminogenic environments, in which the crimes of the powerful and their harmful effects became endemic features of neoliberalisation.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76303-9_5

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DOI: 10.1007/978-3-030-76303-9_5

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