Financial capital on the urban operation Porto do Rio de Janeiro

Abstract

The contemporary capitalism presents a kind of commodity named as finance (CHESNAIS, 2005), which has its origin in the intensified circulation of fictitious capital and in credit system improvement. The finances or “financial capital” has been acquiring autonomous and fluid movement, especially, since the year 2000, and so, made its inversion into urban spatial production possible. That inversion is made through state strategies that restructures city’s spaces in order to adapt them to capitalist system currently requirements. In that sense, this article aims to analyze the financial capital inversion dynamics on Operação Urbana Consorciada da Região do Porto do Rio de Janeiro spatial production, materialized through the commercialization of Certificados de Potencial Adicional de Construção which behaves as a financial asset.