441–450 of 544 posts
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>middle class wont be able to buy houses It is just depends place there is still places where nimbyism does not run rampart. We we paid like 200k€ from our new house.
>we paid like 200k€ from our new house In which country is a new house 200k Euros?
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Poverty in the first world isn’t real poverty.
Some 3 million Australians and 10+ million in the US went hungry at least once over last year. You sure can be worse than that, but that's pretty bad already.
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> Masters in French Lit Like I said, get educated friends, not friends who think reading some poetry is education. This isn't England in the middle ages where that would have been considered an education.
I think this is a kneejerk take -- the study of literature generally encompasses an intersection of the study of the society, culture, economy, history that produced that literature. In other words, if you study Medieval English Literature, you also study the historical context that surrounds that subject. My opinion: I would consider his friend well-educated and curious enough about the world that she got a Masters…
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>we paid like 200k€ from our new house In which country is a new house 200k Euros?
Finland
I feel like the insane housing prices here are not just related to nimbyism that restricts supply, but mostly to speculation driven by banking, political greed, realtors, investors, basically any and all large piles of money that have housing constantly going up fast so that their piles of money get even bigger.
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Real estate will get more expensive due to political greed than any other kind of development. The supply of real estate is artificially constrained by the political class, so any kind of development (say hypothetically manufacturing instead of software) will make it expensive. There used to be a time when new land for building houses was frequently sold by the government in the form of new "colonies", but that has c…
What you are describing is one part of the problem. I have friends who earn in dollars. They can easily afford to buy a couple of apartments every year. They do this and let those apartments sit vacant for a few years, waiting for them to appreciate. When many people start doing this, it artificially inflates the prices.
https://commons.m.wikimedia.org/wiki/File:Everybody_works_bu...
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Some 3 million Australians and 10+ million in the US went hungry at least once over last year. You sure can be worse than that, but that's pretty bad already.
If you want food you just go to a food kitchen. It’s not real.
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Because the CCP’s (more specifically Xi Jinping’s) entire thesis is that democracies are incapable of producing good outcomes. A lot of the move towards authoritarianism that we’ve been seeing in the world has been driven by the success of the “China model”. If India is successful to a similar degree as China, that shatters this belief, especially since there are very significant questions about the Chinese economy a…
… but India isn’t successful on the same scale as China. India’s middle class is not secure nor are successive generations guaranteed to remain middle class. That wealth is just not there. India’s real middle class is just one financial disaster away from poverty. China on the other hand has been immensely successful at lifting millions out of poverty and securing them firmly in the middle class. Also, if you think I…
We don't know what is the extent of the real estate bad loan crisis in China. But if the protests surrounding it are telling, then I would say that the Chinese middle class are already in a financial disaster. Couple that with the increasing anti-globalization from the West, and China's middle class certainly ends up being in a very bad position.
While my country has made tremendous progress, I wonder how precise these numbers are. India's poverty line doesn't gets redrawn every year to account for the inflation and increased cost of living. The current definition of the poverty line is daily earnings 27 rs for rural areas and 33 for urban, which is a ludicrously low number. Even beggars earn more than that. Of course we will have very low poverty if we use s…
It is hilariously unique indian mentality. Jumping on any positive news about the country to correct why it cant be. It always starts with "believe me im indian". A glance over the report could have prevented it. It uses Multidimensional Poverty Index (MPI) not something you are referring to.
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Hmm. If you are saying we are all interconnected, relying on the diverse resources, products, and gifts from around this small planet to do the things we want to do, e.g. care for our sick, advance the common good, protect the vulnerable, provide stable sources of food _so that_ our global population can grow in a safe, equitable, sustainable manner toward lives full of fulfillment and wonder, away from subsistence l…
The US has injected untold billions into the Indian market through off shoring phone support. India has made hundreds of millions of dollar scamming America's most vulnerable population.
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For anyone that doesn’t know (although admittedly not particularly relevant, but topical) Narayana Murthy is the FIL of the now-current UK Prime Minister, Rishi Sunak.
Imagine marrying into a self-made billionaire Asian family, and feeling overshadowed by your father-in-law. Literally the only way you're getting out from under that is becoming leader of a major country.
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