Blendende Werte: Die globale Zirkulation von Architektur- Kapital

The globalization of real estate markets of the past twenty years has stylized architecture as a highly valued and rapidly traded commodity, in the design of which questions of exchange value have far outweighed those of utility value. Moreover, architecture has become a means of manufacturing and expanding investment markets in these processes, in which their assets of symbolic and material meaning - as architectural capital - are primarily used for the rapid “building” of profit. Process control gains the upper hand over questions of the concrete impact on the built and social environment. However, it is precisely the different effects of materiality and symbolism that result in the impossibility of capturing architecture’s crises in a timely manner. As spaces of crisis, speculative architectures mask a permanent struggle for impending material and symbolic losses.