Phantom investments, hegemony and the chameleon of dispossession: tourism development at Cavo Sidero- Crete, Greece. Issue 4 (4th July 2022)

• Record Type: Journal Article
• Authors: Milonakis, Dimitris; Drakaki, Elina; Manioudis, Manolis; Tzotzes, Sergios
• Is Part Of: New political economy. Volume 27:Issue 4(2022)
• Page Start: 665
• Page End: 679
• Publication Date: 2022-07-04
• Subjects: Accumulation by dispossession -- hegemony -- tourism development -- phantom investment; P14 -- P16 -- R00 -- Z32; Economics -- Periodicals; International economic relations -- Periodicals; 330.05
• DOI: 10.1080/13563467.2021.1994543
• Languages: English
• ISSNs: 1356-3467

Abstract

ABSTRACT: Questioning the prevailing discourse of multiple benefits surrounding tourism development, this paper examines the Itanos Gaia investment on Cavo Sidero peninsula, north-eastern Crete as a hegemonic project of dispossession. Drawing on David Harvey's theorisation of accumulation by dispossession and Gramsci's original work on hegemony, we describe and analyse the specificities and antinomies of the Itanos Gaia project, first to chart the modalities of dispossession in four interrelated strands operative in this case: nature, land, financial speculation and the institutionalisation of dispossession, and second, to analyse the interplay between hegemony and the imposition of dispossession, including its internalisation in the realm of (local) civil society as 'common sense', underpinned by the local and broader dynamics of a particular power bloc. Empirically, this inquiry is informed by a survey conducted among local residents to identify local perceptions/views about the investment.