Title: Luxified Troglodytism? Mapping the Subterranean Geographies of Plutocratic London Authors: Sophie Baldwin, Elizabeth Holroyd and Roger Burrows Emails:
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[email protected] Abstract: Elite residential basement developments across the seven most affluent London boroughs between 2008 and 2017 are mapped; some 4,650 basements were granted permission over the decade. (26 words) Bios: Sophie Baldwin and Elizabeth Holroyd both graduated from the MArch at Newcastle University in 2018. Roger Burrows is Professor of Cities at Newcastle University. His most recent book is the coauthored (with Richard Webber) The Predictive Postcode; The Geodemographic Classification of British Society (Sage, 2018). 1 Ups and Downs The history of London has long been entwined with expansions of financial capital and the machinations of global plutocrats and their more proximate counterparts.1 But what has happened in the decade since the global financial crisis is without precedent; London has been transformed into a city for global capital rather than one designed to meet the needs and aspirations of the majority of its denizens.2 The global figures on the distribution of wealth are, of course, well known and stark. Three sets of figures will perhaps suffice here. First, whereas in 2010 Oxfam calculated that it would take the combined wealth of the richest 388 people in the world to be equivalent to the combined wealth of the poorest 50 percent (some 3.7 billion), by 2016 it was calculated to be just