PUSHBACK Talks

Cities are becoming increasingly unliveable for most people. Costs are rising but incomes are not. Sky-high rents, evictions, homelessness, and substandard housing are common realities for urban dwellers across the planet. There is a global housing crisis. How did this basic human right get so lost? Who is pushing people out of their homes and cities, and what’s being done to pushback? On the heels of the release of the award-winning documentary, PUSH, filmmaker, Fredrik Gertten and Leilani Farha, the former UN Special Rapporteur on the right to housing, have reconvened. Join the filmmaker and the advocate as they reflect on their experiences making PUSH and exchange ideas and stories about the film's central issue: the financialization of housing and its fall-out. For more about PUSH and to view it: www.pushthefilm.com For more about Fredrik Gertten and his other films: www.wgfilm.comFor more about Leilani Farha in her new role, Global Director of The Shift: www.maketheshift.org

https://www.wgfilm.com/

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episode 8: Evergrande - Can China's Communist Party Save Capitalism?


Did you know that real estate constitutes a whopping one-third of China’s massive economy? The property sector has been used to drive growth and most household wealth is held in real estate. As a result, for years developers like Evergrande have had access to cheap money, enabling them to become small Empires.  

Recognizing that the situation was out of control, President Xi Jinping has used his "common prosperity" to establish new policies to limit the use of property as a financial tool. This latest round of policies has landed China’s second-largest property developer in a world of trouble. Now the world’s most indebted property developer, Evergrande is in debt to the tune of $310 billion and has yet to build over a million flats that have already been paid for.

Dexter Roberts, author of The Myth of Chinese Capitalism and former China bureau chief and Asia News Editor at Bloomberg Businessweek sits down with Fredrik and Leilani to delve into how Evergrande got to this point. Will the government bail the company out to prevent broader economic downturn? Or will Xi Jinping make an example of Evergrande to show that houses are for living in, not for speculation?

 

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 2021-12-15  46m