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1. Gigantism, infrastructure and energy
• Financialized power leaves its mark on the built environment and the type
of development pursued
• There is a synergistic relationship between building ‘big’ infrastructure,
concentrating power within party-states (and corruption) and the greater
extractivism made possible by international finance
• For example, the economics of investing R250 billion in a container port in
Durban where costs are already the highest in the world, do not make
standard economic sense:
“Once more, like King Shaka airport, Moses Mabhida Stadium, and the International Convention
Centre, ratepayers will have to make up the shortfall for massively underutilized infrastructure
whose chief benefit it to those who get the contracts to build them and the political class who
serve as the “business partners”
(Ashwin Desai, 2015, 25).

Professor Sarah Bracking

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