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To curb the excesses of speculators and to maintain social stability, some capitalist countries use market regulations such as [[rent control]]. | 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 | 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 [[People's Republic of China|China]] and [[Republic of Cuba|Cuba]] both have higher homeownership rates than capitalist USA.<ref>https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate</ref> | ||
== See also == | == See also == | ||
Revision as of 20:57, 19 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 capitalist USA.[4]