The Red Review | Issue #12 (September 2024)
Editor: Flo Schade
Managing Editor: Yener Kara
Federal Secretary: Barry Weisleder
The Political Economy of Housing
By Flo Schade - Housing commodification and mortgage debt play a huge role in the current political economy. Particularly true in the Canadian context, financialized speculation of housing plays such an outsized role that it results in the contradiction that housing serves a function very different than providing shelter for people.
Let’s start with a broad three-point assessment of bourgeois economics and then specify how that relates to the housing crisis. Economics is a field that operates almost exclusively by using terminology that is designed to be confusing and obscurantist. Bourgeois economic commentary on the housing market is no different; it is propag...