Friday, 29 November 2019

Expropriation.

 
      Housing has become one of the many crises in our money orientated society. Our system has always pushed the illusion that we all should have a safe home to live and bring up our families. However for the ordinary people it is becoming obvious that it is indeed an illusion. We have always struggle to keep a roof over our heads, rents have always increased and sometimes shot up. Now however houses are financial assets to large financial institutions, things to be packaged and traded among the financial Mafia. There is no thought to what a house actually is, a place to have a decent life, a safe place to lay your head.
     A housing shortage keeps demand ahead of supply and therefore keeps prices rising, all music to the financier's ears. Rents keep out stripping income, homelessness keeps rising and the financial Mafia keep laughing all the way to the bank, to their luxury yacht, and to their opulent mansion. That's capitalism for you.
     It is encouraging to see that in some places people are taking action against this brutal exploitation of what is a human right, a safe place to lay your head. In Germany there is a movement to break this landlord rule over their lives. Others perhaps could take note and follow suit.


       Berlin’s spatial dynamics and organized working class show how to secure liveable spaces and combat the financial nature of housing: socialize them.
         Over the last few decades, housing in cities around the world has undergone unprecedented financialization and artificial speculation. Investors have never been richer. The worldwide value of the current real estate market is $217 trillion, 36 times worth the value of all the gold ever mined.
Profits from the commodification of the housing market have skyrocketed in step with the enclosure of spaces and the fixing of financial value to them. Living spaces are now complex financial products that can be packaged up into investment funds and swapped by companies across the world.
       As Raquel Rolnik, former special rapporteur to the UN on adequate housing, attests, “In the new political economy, centered around housing as a means of access to wealth, the home becomes a fixed capital asset whose value resides in its expectation of generating more value in the future, depending on the oscillations of the (always assumed) rise of real-estate prices.”
       Berlin has been the epicenter of the emerging struggle against capital, giving birth to a rebellious housing movement. A city-wide referendum is underway to expropriate “mega-landlords” with 3,000 apartments or more. If successful, the campaign could tip the scales away from speculation and essentially decommodify 250,000 apartments. In Berlin, tenants and housing activists are building upon shared struggle to break capital’s control over the home and democratize how and where we live.
Read the full article HERE: 
Visit ann arky's home at https://radicalglasgow.me.uk

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