that fact that we more empty homes degrading from abandonment into nothingness in this country than homeless people is surest sign that we have terrible system.
Isn’t the housing situation significantly worse in China? You put entire down payments and then pay the mortgage for the house to still yet be built. And last year so many defaults happened that no houses were being built and no one was being returned their money when they wanted out.
The grass is not greener on their side. It’s still fucked, just a different fucked.
90% of families in China own their home, with 80% of these homes are owned outright. https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes
they’re made to last 50 years. Expensive houses are falling apart
I wonder how many houses this guy own
What an odd thing to wonder. Do you see Chinese state functionaries tooling around the world in megayachts?
China is the second country in the world by number of billionares. In europe cinese businessmen with ties to the government have been buying football clubs and luxury shit for a decade.
Unlike in capitalist states[1][2], the Chinese billionaires don’t run the Chinese state[3][4].
Wow that website! The way it does the links to references as you scroll is so responsive and smooth. EDIT: This is an amazing read, thank you for sharing this!
Marxists do be extremely particular, haha
A “curious approach on billionares” sound much like billionares apologia to me. China has greedy vermin billionares like the rest of the world. A quick search for “chinese megayachts” will show what you are looking for.
A “curious approach on billionares” sound much like billionares apologia to me.
Since you’re not going to actually read it, I guess you’ll never know.
A quick search for “chinese megayachts” will show what you are looking for.
I didn’t say there aren’t billionaires with megayachts, I said, “Do you see Chinese state functionaries tooling around the world in megayachts?”
And i didn’t ask how many megayachts the guy own i asked how many houses he own. You don’t really get to see state functionaries of any state tooling around in megayachts because they all try to keep a low profile, see putin and his proxy yachts.
They aren’t perfect, and as stated elsewhere they are in a period of Dengist based socialism. However, they are extremely successful, very popular within their country from all sources that could be called evidence (especially compared to the US government), and do far less to acquiesce to the billionaires compared to West, seemingly (charging and sentencing billionaires for corruption, cracking down on financiers, etc). I think another user had a good point too about looking at the amount they have per capital.
They are the most successful nation practicing a form of socialism in the modern world and offering an alternative to liberal capitalism.
There’s a reason it’s called critical support.
Wasn’t there a huge scandal with Evergrande surrounding just how much of Chinese requirements were tied to real estate? Doesn’t that directly contradict what Xi saying here?
Not to mention, China has its own homeless problem - let’s not act like they’re doing so much better.
Wasn’t there a huge scandal with Evergrande surrounding just how much of Chinese requirements were tied to real estate?
Yes, which is why the Chinese state intentionally popped the real estate bubble and left the capitalists out to dry.
- Reuters: China Evergrande ordered to liquidate in landmark moment for crisis-hit sector
- Bloomberg: China Reiterates Stance That Homes Are Not for Speculation
- CNBC: China’s housing minister says real estate developers must go bankrupt if necessary
.
“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,” an English-language version of the report said.
Compare that to Obama, who bailed out the private banks at the expense of people with home mortgages, banks that knowingly wrote those bad mortgages. Michael Hudson, 2023: Why the Bank Crisis isn’t Over
The financial sector is the core of Democratic Party support, and the party leadership is loyal to its supporters. As President Obama told the bankers who worried that he might follow through on his campaign promises to write down mortgage debts to realistic market valuations in order to enable exploited junk-mortgage clients to remain in their homes, “I’m the only one between you [the bankers visiting the White House] and the mob with the pitchforks,” that is, his characterization of voters who believed his “hope and change” patter talk.
The Federal Reserve is just the cartel of the US private banks, whereas banking in China is predominantly state owned. The Chinese state both runs these banks and has fiat monetary sovereignty, so it’s not answerable to the capitalists like the US is.
Bonus info on fiat monetary sovereignty: Why The Government Has Infinite Money
Not to mention, China has its own homeless problem - let’s not act like they’re doing so much better.
[Citation needed]
Seems to me that the fact that 90% of families in China own their home, with 80% of these homes are owned outright is a more important thing to focus on. That’s just me though.
Socialism is not a battle between america and china. Who owns skyscraper in china?
Socialism is a transitional period where the working class holds power in society, but capitalist relations have not yet been abolished. https://www.versobooks.com/blogs/3228-lenin-s-three-theoretical-arguments-about-the-dictatorship-of-the-proletariat
I wouldn’t define socialism as just a period of time
https://en.wikipedia.org/wiki/Socialism
I’m wondering about how many houses own the state leader that comes out with the quote “houses are not for speculation”
Socialism isn’t a period of time, it’s a stage of development. Meanwhile, you’re making some claim about how many houses Xi owns, so it’s on you to tell us.
The guy linked a Wikipedia article on Socialism after you sent him to Verso Books. The brain is so smooth on that one.
you can always tell when people get all their political views from wikipedia 😆
Wikipedia is a good source for history. The page on socialism contains the major key events and enough cross links, the history section for example redirects to https://en.wikipedia.org/wiki/History_of_socialism
Socialism isn’t a period of time, it’s a stage of development.
I encourage you to study more history and not just a specific period of time.
I encourage you to take your own advice and actually study instead of skimming wikipedia. You can start by studying the verso link I gave you earlier.
You’re far out of your depth if you are linking the Wiki article on “Socialism” to a Marxist that is recommending a synopsis on Lenin to you.
If you want something a bit easier to get into than Lenin, I really like the article What is Socialism? It’s a quick, 30 minute read. The gist of the article is that Socialism is about what is dominant within a system, in Socialism central planning, public ownership, and the proletariat at large are dominant, while in Capitalism the bourgeoisie, private ownership, and markets are dominant.
In the PRC, the public sector makes up half of the economy and is growing, and Capital is trapped in a bidcage model while markets coalesce into monopolist syndicates, making themselves ripe for public ownership and central planning. The PRC is therefore Socialist.
You’re far out of your depth if you are linking the Wiki article on “Socialism” to a Marxist that is recommending a synopsis on Lenin to you.
Read the link, socialism date way before Lenin and it’s not a political party.
Read the link, everyone knows that. You don’t have a grand trump card in the wiki link. We are specifically referring to Marxist Socialism, not the nebulous historical usage of the term, because we are on a Marxist community.
Im not sure we should be listening to this guy of all people, but i cosign the message still
