Display:
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...

Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.

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

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
The Political Mind by George Lakoff
by ARGeezer - Jul 19
5 comments

LQD: Oil - let's shine some light
by ChrisCook - Jul 19
9 comments

The July 18 in Spain
by PerCLupi - Jul 18
2 comments

Ryanair warms global argumentation
by Frank Schnittger - Jul 19
13 comments

The Real Jesse Helms: An LTE
by Drew J Jones - Jul 19
1 comment

Can the US/EU be Self-Sufficient?
by rdf - Jul 18
8 comments

Obama in Berlin
by jandsm - Jul 18
28 comments

LQD: "How to stop the next bubble?"
by Melanchthon - Jul 10
14 comments

Debates
Campaigns
Occasional Series
Anglo Disease
by Migeru - Jul 17

Most Commented threads ever
by Migeru - Jul 8
10 comments

Agriculture
by afew - Jul 7

Countdown to $200 oil
by Migeru - Jul 2

Wind power
by Jerome a Paris - Jul 2
1 comment

Train Blogging
by DoDo - Jul 1

TOC: Socratic Economics
by Migeru - Jun 26

Germany
by DoDo - Jun 22