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I remember reading a lecture delivered by the FT or WSJ or some such on "poverty in the third world" which insisted that the problem with people in the third world was that -- gasp -- they actually owned their family homes.  If they would just mortgage those homes to the hilt, the writer opined, so much "wealth" would be created that it would lift them right out of poverty...

... and ownership of all that real estate would pass into the hands of industrial-northern financiers.  Just coincidentally, of course.

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Thu Nov 29th, 2007 at 01:14:11 PM EST
[ Parent ]
The fact that in the "west", most people have to procure housing for themselves, rather than getting it from their family, is certainly a very strong motivation for wage slavery.

If people didn't have mortgages and rents to pay, they'd be much less willing to stay in the rat race...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Thu Nov 29th, 2007 at 08:32:17 PM EST
[ Parent ]

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