From: John H
If anyone in Pittsburgh (or wherever else you might be if your city is making a pitch) wonders just why it is not such a great idea to win this negative lottery, take a look at this information provided by Wolf Richter at Wolf Street. Pittsburgh survived the housing bubble crisis quite nicely thank you because we did not have the kind of bubble that much of the rest of the nation (particularly California and Florida) experienced. Housing bubbles are wonderful for those relative few who need to sell, but they are hell for everyone else – particularly low income wage earners and renters.
John
Why is it easier to imagine the total destruction of mankind, from nuclear war to a climate catastrophe,
than to work on changing the system of relations spawned by neoliberal capitalism?
Pepe Escobar
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