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2021 | OriginalPaper | Chapter

5. Property Development: Improperty, Plutocracy and Criminogency

Authors : Balihar Sanghera, Elmira Satybaldieva

Published in: Rentier Capitalism and Its Discontents

Publisher: Springer International Publishing

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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 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 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 state through lobbying, donations, the media and elected office. The blurring of state and corporate interests created criminogenic environments, in which the crimes of the powerful and their harmful effects became endemic features of neoliberalisation.

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Title: Property Development: Improperty, Plutocracy and Criminogency
Authors: Balihar Sanghera
Elmira Satybaldieva
Publisher: Springer International Publishing
Book: Rentier Capitalism and Its Discontents
Print ISBN: 978-3-030-76302-2

Electronic ISBN: 978-3-030-76303-9

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-76303-9_5

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