Capital’s welfare dependency: Market failure, stalled regeneration and state subsidy in Glasgow and Edinburgh

Comparing case studies of long-term, large-scale urban regeneration projects in Glasgow and Edinburgh, Scotland, this paper brings together two addendums to the rent gap model shape ‘reputational gap’ ‘state subsidy gap’. These neologisms are mobilised clarify risk-laden centrality state’s role both formation potential closure gaps areas disinvestment devalorisation. Whilst such often appear as expressions capital’s state-mediated extractive power over built environment, we consider them examples capitalist failure or fragility – for even with striking levels public address ‘market failure’ land property market has not been reinvigorated according plan. This highlights need, argue, further critical scrutiny failed stalled a means foregrounding instability, rather than omnipotence, contemporary capitalism.