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 reasons behind it?
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.
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.