From the BBC:
More than a dozen Chinese newspapers have published a joint editorial calling for the abolition of the household registration or "hukou"... The hukou was introduced in the 1950s as a tool of central economic planning [and] registers every Chinese citizen according to their household origins as either town dwellers or country peasants...
Since economic reforms began 30 years ago, many Chinese migrant workers have left the land to contribute to the country's rapid growth and industrialisation. But they remain registered as rural dwellers and are not entitled to the same welfare as their city counterparts. This has created social inequality.
To Western ears, that all seems a bit harsh, but is Home-Owner-Ism really that different? The Chinese justify hukou as being 'economic planning' and the Home-Owner-Ists justify NIMBYism as being necessary to protect The Hallowed Greenbelt, but the underlying purpose is the same: to try and preserve privilege.
Existing homeowners are like the city dwellers, who get all this stuff like roads and schools and hospitals paid for by taxes imposed on the productive economy (sure, homeowners pay income tax as well, but they get a refund of most of it with rising property values); and the priced out generation are like the landless peasants, who not only have to pay the income taxes to pay for the roads and schools and hospitals, they have to pay for the privilege of living somewhere to be able to access them, usually end up living in much smaller accommodation than they would have been able to afford a decade or three ago.
UPDATE: in the FT article, it said that hukou registration is quasi hereditary, so peasants go to the cities to work, but they can't afford to have children because they won't get free state school in the cities, so yet another analogy with the priced-out generation, or certainly those who'd like to send their kids to a good state school.
Just sayin', is all.
Must stop scanning headlines
15 seconds ago
6 comments:
O/T, but one for the Cow Files:
http://www.hurryupharry.org/2010/03/02/many-ironies-in-the-fire/
Nobody gets it. We are on this planet to do two things, survive and procreate. So what do humans do they accumulate assets so their survival is more assured and so they can attract the best partner(s) to have children with. Some are better than others at doing this; survival of the fittest. So what are humans doing they are doing what nature intended and they are doing it by fair and foul means, however what is fair and what is foul is quite open to debate. We all argue that the other tribe is acting unfairly (we act in social groups that is also our nature it enhances our chances of survival). So to go wittering on about how one section is taking advantage at the expense of another section is a meaningless because everyone is trying to take advantage of each other. There are exceptions to this rule because humans have the ability to reason, which is a blessing and a curse; a blessing because our survival skills and ability to procreate are enhanced but the curse is that we are too successful and over populate and bye pass natural selection and throw up anomalies such as having amongst us human beings who have an over abundance of conscience and those who have too little (the list of anomalies is long but you get the drift). Humans are not consciously aware of this built in program but are aware that something is not quite right and as well as trying to accumulate as much of the pie for themselves as possible try to counter the negative effects that being to successful brings. That is all for naught because in the end the natural laws of the universe will prevail and if humans do not wake up to that fact soon natural laws will take the problem out of our hands anyway. The answer is simple, do not oppose the natural laws learn to be fatalistic and embrace them. That will never happen of course; look around you what does the natural world tell us? It it very brutal.
(sure, homeowners pay income tax as well, but they get a refund of most of it with rising property values)
Shurely shum mishtake? Have you not said time and again that rising property values are not income, because when you sell, you have to buy into the same inflated market?
@ bayard.
He has also(went on and on 'til it even got into my tiny brain)that one should buy at the bottom of the, roughly 18 year cycle, sell at the top, rent and then buy back in at the bottom, after the collapse
cont.p94
STB.
wv:
'howtomakemoneyfromboomandbustunderyourchoiceofUKGovt.'
@STB Yes, that is the ideal. The trick is knowing when to bail and being able to do it. However, if you are in the "buy'em,livein'em,do'emup,sell'em" business like me, you can get caught, as I fear I am going to be.
JM, excellent, ta.
B, see next post, it's not as clear cut as that.
STB, Fred Harrison has been going on about the 18 year cycle since the early 1980s, he predicted late 1989 peak to within a month years in advance and late 2007 to within a month years in advance. I just pinched this off him.
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