“Under communism you can't own a home”
“Under communism you can't own a home”
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China at 70% millennial home ownership: "This property bubble is out of control, we need to deflate it. Housing is for living in, not speculation."
US at 35 to 50% millennial home ownership: "Hahahaha free market go brrrrrrrr. Bootstrap yourself you lazy millennial!"
70% Of China's Millennials Own Homes. Sorry America — The Political Vigilante
Heard it from here what you pointed out.
China's not communist and their living situation is terrible.
While yes they live longer than Americans and own their own homes and live in gigantic modern cities with well planned public transportation networks built in living memory on top of premodern villages where their illiterate grandparents used to live and they all get healthcare without risking dying in a tent city as a result of getting sick, etc.
Have you considered that they don't get to be on Facebook? Checkmate putlerbots.
Have you considered that they don't get to be on Facebook? Checkmate putlerbots.
Oh no, I can't use the thing everyone hates and agrees is a detriment to society. CIA please color revolution my country!
Unfortunately I don't think they get free healthcare
They do, as much as any country that hasn't abolished private insurance. It's not ideal, but what is.
The Chinese government has also established a healthcare insurance system that covers almost 96% of the population and benefits more than 1.36 billion people. This system includes basic medical insurance conducted by the government and commercial health insurance provided by various companies. Basic medical insurance is a great-covered social security course and collects the funds from enterprises and individuals. It consists of different insurances for working urban residents, non-working urban residents, and the rural population. Working urban residents pay the most insurance funds and have the highest reimbursement ratio, followed by non-working residents and the rural population [4]. As for the poor and vulnerable individuals, there is a special fund called urban-rural medical aid for serious illnesses, which covers those suffering from economic difficulties. As for the rich, they can also choose to purchase commercial health insurance individually to receive better medical service. As a result, more than 95% of China’s population is covered by the public insurance system.
OK didn't realize this thanks for the info
which is also more or less what the French and Germans do
In Shanghai you can work minimum wage and only spend roughly 1/4th to 1/3rd of your income on housing for a standard apartment
tell me more
Oh no, somebody should tell them that!