Question

what are the two articles "Theoretical approaches of shrinking cities" and "How Capital Shapes Our Cities" about?

Answer 1

The two articles "theoretical approaches of shrinking cities" and "How Capital shapes Our Cities relates to economic, sociological and geographical effects of modern day Capitalism, Globalization and deindustralization.
Both these articles seem to scream loud about the negative landscape created by the policies of capitalism and Globalisation. In modern times, where human civilisation is hitting the heights of growth and development high, there seems to have created a side situation that could be called as a side effect. Shrinking cities refers to the phenomenon of loss of population, economic slowdown, loss of opportunities and consequent abandonment that a place faces due to reasons such as migration, deindustralization , attraction towards capital loaded areas etc.
The issue of shrinking cities can be traced back to understanding how modern capitalism and globalisation has shaped our lives. It has been a continuous process. Our modern economic system has been structured and wired in such way that has led to disbalance within a country regarding economic prosperity, demographic scenario and concentration etc. It can be safely said here that major chunk of importance is diverted towards the well being of Global cities (Take for example : New York city) such that other towns, cities and areas experience not only outflow of wealth and capital, but population loss. After a point of time, these places face extreme incidents of economic downturn and gradual and final abandonment.

The two articles cited above in one way seems to question the credibility and responsibility of these modern systems of capitalism and globalisation towards mankind for whose welfare and progress they were originally structured.