Circulating value: convergences of datafication, financialization, and urbanization

Abstract

Abstract Much scholarship has revealed the interrelationships of urbanization and financialization of cities in the past half century. However, these twin processes are modulating with the advent and application of digital platforms towards the production and experience of urban life. This paper demonstrates how the datafication process of platform urbanism and smart city projects is deeply intertwined with processes of financialization and urbanization. Though materially distinct, these processes converge over a shared purpose to instigate and accelerate the circulation of value in capitalist urban production. This paper examines the urban character of digital economic circulation and the increasingly financialized datafication of urban infrastructures. In foregrounding the circulation of value, datafication both conditions and is conditioned by financialization and urbanization.

Keywords

• Datafication
• Urbanization
• Financialization
• Platform urbanism
• Smart city