Slums were not uncommon in Chinese cities a few decades ago, from the precarious working class districts of 1930s Shanghai to the shanty towns of British-occupied Hong Kong in the 1950s onwards. How did China manage to develop in a way that decreased mass housing precarity? What are the structural ...
A big chunk of the dirt poor got to send their kids to university and secure real assets for their families while working an honest job.
The kind of job that pays for fuck all barely a life in the west.
Of course at the same time the rich got even richer. The crazy rich kind of stayed where they are.
Sadly there are still a lot of dirt poor families in China but within ten years the transformation has been breath taking. And these families now have a real chance.
One thing I wonder about is what the middle class lifestyle is like in a place like China.
In India for example even within the middle class (a nondescript classification) there is a ton of variation. Over the last two decades there has been a rise in prominence of gated societies. A huge part of this lifestyle is having the most disadvantaged people perform manual tasks like cooking, cleaning, childcare for the middle class. In important ways the middle class lifestyle is sustained by the desperation of the most poor people.
It looks like the dynamics in China are pretty different. For one, practically everyone owns housing which tends to be one of the biggest expenses. I saw a stat a little while back that 90% of families in the country own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. This alone goes a long way preventing the kind of exploitation we see in most places.
I don't know if you've ever been there, but i live there now for about a decade.
a lot of people own a house by default. at some point all the houses where people live were somehow given to them. then the values sky rocketed, or where their building got developed and the developer paid them out.
so families brought more than one house or prepared money for their kids to get a house, and the property market continued to grow.
On top of this, Chinese are more accustomed to living in what could be called extremely efficient housing. small apartments in big apartment blocks with 99% of what they need in life 10 minutes walk away.
The local government quoted saying “钱多了,自然要还富于民。” "With more money, of course it will go back to the people".
But no, liberals know best because this is obviously sisipee encouraging more birth rates because one child policy genocide causing a demographic collapse!!11
It feels like apartheid too. The boundaries keep the "filthy poors" outside but since their labour is required by the residents, they can get in via security checkpoints.
The fact that simply having a roof over thier head has now become a major expense for the majority of people is probably the best demonstration that liberal capitalism is a failed system.