Abstract
This paper emphasizes the consequences of economic inequality, the roots
of which lie at the heart of capitalism. It was explained by Marx
(1867), and a modern interpretation was offered by Harvey (1982, 1985,
1987, 2013b) through the term spatial fix, which connects the
development of capitalism and urbanization. In this global process,
inequalities arise that can be illustrated numerically: the net worth of
the world’s 358 wealthiest people in 1996 was equal to the total income
of the poorest, which makes up 45% of the world’s population or 2.3
billion people. This fact of economic inequality, most convincingly
written about by Piketty (2016) and Chancel (2020), became even more
critical during the Covid-19 pandemic. The gap between the richest and
the poorest widened. The period in which several significant changes in
global economic policy took place was called neoliberalism (Harvey,
1989, 2013a; Dušanić, 2016) and led to the establishment of a new
economic system that significantly determined the further directions of
geography. Understanding these processes implies an interactive approach
to their study because the capital/labor relationship defines the global
framework for developing urbanization and demography, and thus geography
(Mutabdžija, 2020, 2021).