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Badly run housing markets are linked to broader ills, from financial crises to the rise of populism. The first problem? The conviction that home ownership is an unambiguously good thing. While China clamps down on most religions, it encourages others; we meet the followers of a tenth-century sea goddess. And the decline of drinking a century after Prohibition began. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer Hosted on Acast. See acast.com/privacy for more information.
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