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This paper re-examines and updates a theoretical urban political-economic perspective, presented 40 years ago by David M. Gordon1 and other scholars in his “Problems in Political Economy: An Urban Perspective (1977).” This theoretical understanding and narrative (termed “radical” at the time), maintains that both conservative and liberal approaches to poverty and related social problems, have failed and will ultimately continue to fail for a singular, underlying reason. That is, they share the view that the primary purpose and role of the State and government, is to support the continuing development, operation and successful economic-outcomes of the owners and investors in capitalistic, market-driven activities, ventures and institutions in society.