Analysis Episode #7 - HomelessnessSupport the show on Patreon and get the news in text form early, as well as an audio version of each episode: https://patre...
How is China becoming the richest country in the world then? Why would having rampant homelessness be a requirement to become rich? Specially since the US had the biggest increase in wealth when it had pretty low homelessness rates (post WW2).
post ww2 the united states was largely carried by its automobile industry and the housing boom propelled by the large number of veterans returning with the ability to get cheap mortgages along with american businesses in general being more competitive than the ones from bombed out countries in europe which were quickly losing their unwieldy empires. china on the otherhand made its rise through developing cheaper and consistent manufacturing replacements to western alternatives. all this is kind of besides the more important point that economically speaking its typically better to provide unequal services or even no services at all to a segment of a population in favor of another one. its why china under deng privitized large segments of its healthcare system providing very unequal outcomes. this relates in general to the marxist understanding of capital accumulation (long term its better for people’s surplus value to go to one capitalist who will then take the capital to then invest into making more capital resulting in more capital overall)
How is China becoming the richest country in the world then? Why would having rampant homelessness be a requirement to become rich? Specially since the US had the biggest increase in wealth when it had pretty low homelessness rates (post WW2).
post ww2 the united states was largely carried by its automobile industry and the housing boom propelled by the large number of veterans returning with the ability to get cheap mortgages along with american businesses in general being more competitive than the ones from bombed out countries in europe which were quickly losing their unwieldy empires. china on the otherhand made its rise through developing cheaper and consistent manufacturing replacements to western alternatives. all this is kind of besides the more important point that economically speaking its typically better to provide unequal services or even no services at all to a segment of a population in favor of another one. its why china under deng privitized large segments of its healthcare system providing very unequal outcomes. this relates in general to the marxist understanding of capital accumulation (long term its better for people’s surplus value to go to one capitalist who will then take the capital to then invest into making more capital resulting in more capital overall)