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'''Housing''' or more generally '''living spaces''', refers to buildings which shelter people. Ensuring that members of society have a home to live in is a [[social issue]] which is dependent on the levels of | '''Housing''' or more generally '''living spaces''', refers to buildings which shelter people. Ensuring that members of society have a home to live in is a [[social issue]] which is dependent on the levels of material abundance as well as the relations of production in a society. | ||
Under highly developed [[capitalism]], housing tends to be a finalized asset | Under highly developed [[capitalism]], housing tends to be a finalized asset sold on markets for the purpose of generating profits from speculation.<ref>{{News citation|title=Housing speculation and its economic consequences|url=https://voxeu.org/article/housing-speculation-and-its-economic-consequences}}</ref><ref>{{News citation|title=Housing Speculators Could Bring on Repeat Crash|url=https://medium.com/texas-mccombs/housing-speculators-could-bring-on-repeat-crash-cb906225115f}}</ref> | ||
To curb the excesses of speculators and to maintain social stability, some capitalist countries use market regulations such as [[rent control]]. | |||
Under [[socialism]], housing is generally guaranteed as a human right, and is thus decommodified and not distributed by markets.<ref>{{News citation|author=[[Patrick Ayers]]|newspaper=[[Socialist Alternative]]|title=Capitalism’s Housing Crisis and the Socialist Alternative|url=https://www.socialistalternative.org/2017/12/27/capitalisms-housing-crisis-socialist-alternative/}}</ref> Communist-led China and Cuba both have higher homeownership rates than the capitalist USA.<ref>https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate</ref> | |||
== See also == | == See also == | ||
Revision as of 20:45, 8 June 2022
Housing or more generally living spaces, refers to buildings which shelter people. Ensuring that members of society have a home to live in is a social issue which is dependent on the levels of material abundance as well as the relations of production in a society.
Under highly developed capitalism, housing tends to be a finalized asset sold on markets for the purpose of generating profits from speculation.[1][2]
To curb the excesses of speculators and to maintain social stability, some capitalist countries use market regulations such as rent control.
Under socialism, housing is generally guaranteed as a human right, and is thus decommodified and not distributed by markets.[3] Communist-led China and Cuba both have higher homeownership rates than the capitalist USA.[4]