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1. Cultivating Credit: Financialized Urbanization Is Alienation!

Author:
Tareq Radi
Publication Date:
03-2022
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
Since 2007, the Palestinian Authority has implemented a strategy of financialized urbanization in response to economic crises precipitated by Israel’s settler-colonial stranglehold on the Palestinian economy. This article argues that financialized urbanization operates as a mechanism to expand the local banking sector and as a modality of settler-colonial alienation. Examining the joint-ownership structures of companies whose activities straddle real estate and financial markets, the article shows where land ownership in the West Bank ultimately lies. The study highlights qualitative changes in money lending and the extended reach of finance to emphasize the risks of financial collapse. Understanding finance capital and settler colonialism as systems predicated on managing risk for maximum returns, the discussion draws their relation to each other into a single analytical framework to center the question of land dispossession and racialization at the heart of financialized urbanization.
Topic:
Development, Urban, Settler Colonialism, Indigenous, Geography, Property, Financialisation, and Native Americans
Political Geography:
Middle East and Palestine

2. The Story of an Alien(ation): Real Estate Ownership Problems of Non-Muslim Foundations and Communities in Turkey

Author:
Dilek Kurban and Kezban Hatemi
Publication Date:
03-2009
Content Type:
Special Report
Institution:
Turkish Economic and Social Studies Foundation (TESEV)
Abstract:
The purpose of this report is to tell the story of the real estate ownership problem experienced by non-Muslim foundations since the Ottoman period, and to discuss to what extent laws enacted during the EU accession process have been effective in solving this problem. The second section of this report, following this introduction, explains the historical background of the ownership problems of non-Muslim foundations. Following brief information about the foundation system of the Ottoman Empire and the establishment of non-Muslim foundations, which constituted a part of this system, the minority regime created under the Treaty of Lausanne in 1923 are discussed, and rights and freedoms of non-Muslim foundations arising from this Treaty are evaluated. In the third section, the impact of minority policies adopted by Turkey since the Treaty of Lausanne regarding the property rights of non-Muslim foundations are considered, and various laws and practices such as the 1926 Civil Code, the 1930 Municipalities Law, the 1935 Law on Foundations, the 1936 Declaration, and the inclusion of non-Muslim foundations among seized foundations are analyzed. Policies of taking over the immovables of non-Muslim foundations implemented since the 1960s pursuant to the so-called the 1936 Declaration and the ‘seized foundation’ practice are discussed, by giving concrete examples. The legislation developed to solve the problems of non-Muslim foundations during Turkey’s accession to the EU is evaluated in the fourth section, and lawsuits referred to the ECtHR because of the inadequacy of these reforms are reviewed in the fifth section. After discussing, in the sixth section, the reasons of the inadequacy of the reforms made within the context of harmonization with the EU in solving problems of non-Muslim foundations, concrete proposals are made for solving continuing real estate ownership problems of non-Muslim foundations in the seventh and last section. The list of immovables taken from non-Muslim foundations and the list of non-Muslim foundations included among ‘seized foundations’ are given in the annexes
Topic:
Islam, History, Minorities, European Union, Property, Ottoman Empire, and Real Estate
Political Geography:
Turkey and Middle East