{"id":363809,"date":"2018-06-02T16:42:37","date_gmt":"2018-06-02T15:42:37","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/us-vs-china-housingand-those-millennials\/"},"modified":"2018-06-02T16:42:37","modified_gmt":"2018-06-02T15:42:37","slug":"us-vs-china-housingand-those-millennials","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/us-vs-china-housingand-those-millennials\/","title":{"rendered":"US vs China Housing\u2026and Those Millennials"},"content":{"rendered":"<div itemprop=\"articleBody\">\n<p><em>The Hudson Report\u00a0is a new weekly series produced by <a href=\"https:\/\/twitter.com\/leftoutpodcast\">Left Out\u00a0<\/a>with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored\u2014or hotly debated\u2014that week in the press.<\/em><\/p>\n<p><em>Paul Sliker: Michael Hudson welcome back to <a href=\"http:\/\/democracyatwrkleftout.libsyn.com\/the-hudson-report-us-vs-china-housing-and-those-millennials\">The Hudson Report<\/a>.<\/em><\/p>\n<p>Michael Hudson: It\u2019s good to be back. I\u2019m just home from China, getting over jetlag.<\/p>\n<p><em>Paul Sliker: You recently gave a paper at Peking University about the economy and what sorts of policies they should implement and what to avoid.<\/em><\/p>\n<p><em>But Michael, because we only have a short amount of time in these weekly segments, I want to look specifically at housing in China, and then compare that to what\u2019s going on here in the U.S. In your speech you argued that China\u2019s most pressing policy challenge is to keep down the cost of housing and that the policies best suited to avoid what you call the \u201cneo-rentierdisease.\u201d Can you give us a picture of what\u2019s going on currently with housing in China, and then explain what you mean by \u201cneo-rentier\u00a0disease\u201d and how the Chinese can avoid it.<\/em><\/p>\n<p>Michael Hudson: To put this in international perspective, you could say that international competition is based on labor\u2019s cost of living in each country. The most important expense in every country\u2019s cost of living today is housing. What makes a country competitive in manufacturing or other sectors comes down to how much it costs to pay for housing.<\/p>\n<p>20 or 30 years ago only 10 percent to 12&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.counterpunch.org\/2018\/06\/01\/us-vs-china-housing-and-those-millennials\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hudson Report\u00a0is a new weekly series produced by Left Out\u00a0with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored\u2014or hotly debated\u2014that week in the press. Paul Sliker: Michael Hudson welcome back to The Hudson Report. Michael Hudson: It\u2019s good to be back. I\u2019m just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-363809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/363809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=363809"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/363809\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=363809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=363809"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=363809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}