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This paper argues that the relentless logic of commodification has served to undermine a key element of the social cement of contemporary capitalism: home ownership. In addressing this issue, the paper explores the development of the post war ‘social project’ of home ownership with particular reference to mature home ownership societies such as the USA, Japan, Britain and Australia. The paper then outlines the new fault lines and fractures which have emerged in post-crisis home ownership systems and the way in which a more vigorous, financialised private landlordism has emerged from the debris of the subprime meltdown. A key argument is that in a new and more intensified process of housing commodification, the social project promise of home ownership for a previous generation has shifted to a promise of private landlordism for current generations. In summary, the social project of Keynesian-embedded liberalism has been undermined by the economic project of neoliberalism. [ABSTRACT FROM PUBLISHER]

This paper examines three controversies that revolve around the Hong Kong government's efforts to privatise components of its property assets in the years following the Asian financial crisis in 1997. While the rolling back of welfare and privatisation of public goods are typical features of the 'neo-liberal turn', the consequences of and responses to these processes are highly contingent upon specific historical experience and social practices. By examining the narratives of different actors over the course of these controversies, this paper aims to elucidate the contradictions and mutual entanglements between the ideology of neo-liberalism and everyday discourse and how the contestation in each of the three cases worked to reshape and ultimately to preserve the existing regime of legitimation. It also illustrates how the long-running 'laissez-faire' principles of Hong Kong's colonial period have contributed to the ongoing absorption of political critique, thus exposing the limits of 'people power'. [ABSTRACT FROM AUTHOR]

Over 4000 media workers in South Korea have lost their jobs since the advent of the Asian financial crisis in late 1997. A number of newspapers and television stations have experienced unprecedented downsizing and restructuration. As a matter of fact, the whole media industry has gone through a process of profound transformation. This article attempts to document the difficulties of the Korean media and newsworkers as they experience the unexpected economic crisis. It presents observations about some notable changes in the practice of news making, describing, for example, whether newsroom organizations have changed and if journalistic independence has been weakened. The article also discusses some fundamental implications of these changes for Korean journalism and its future. [ABSTRACT FROM AUTHOR]