then why has china got so many homeless people?
seems like people who actually live in China disagree with you champ
- https://www.newsweek.com/most-china-call-their-nation-democracy-most-us-say-america-isnt-1711176
- https://www.csmonitor.com/World/Asia-Pacific/2021/0218/Vilified-abroad-popular-at-home-China-s-Communist-Party-at-100
- https://www.bloomberg.com/opinion/articles/2020-06-26/which-nations-are-democracies-some-citizens-might-disagree
- https://web.archive.org/web/20230511041927/https://6389062.fs1.hubspotusercontent-na1.net/hubfs/6389062/Canva images/Democracy Perception Index 2023.pdf
- https://www.tbsnews.net/world/china-more-democratic-america-say-people-98686
- https://web.archive.org/web/20201229132410/https://en.news-front.info/2020/06/27/studies-have-shown-that-china-is-more-democratic-than-the-united-states-russia-is-nearby-and-ukraine-is-at-the-bottom/
Because China is capitalist, despite being formally led by a communist party. It has private property on means of production, and it is defining Chinese economy just like any other capitalist one. Socialism, by definition, requires social ownership of means of production, which is not the case in China; the term was appropriated and wrongfully used by US and several other countries to define economies with more state control and/or social policies, but this is simply not what socialism is.
Interestingly, China has entire ghost towns full of homes ready to accept people in - but, as in any capitalist economy, homes are seen as an investment, and state subsidies are low, pricing out the homeless. They have more than enough homes, they just chose to pursue a system that doesn’t make homes and homeless meet.
China is demonstrably not capitalist, and people who keep repeating that it is are utterly clueless. If China was capitalist then it would be developing exactly the same way actual capitalist countries are developing. You will not see any of the following happening in a capitalist country ever
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&%3Blocations=CN&%3Bstart=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
huh?
However, the people of China can afford to buy these extremely expensive properties. In fact, 90% of families in the country own their home, giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans.
