What does Decommodifying housing mean?

taking housing off the speculative market
​ Decommodifying housing means taking housing off the speculative market, so it can’t be bought and sold for a profit. Instead, there are alternative housing models, like community land trusts and permanent real estate cooperatives, which create secure and affordable housing for generations to come.

What role does Decommodification play in the welfare state?

The Government has the responsibility and obligation to provide welfare for its citizens. In a highly decommodified welfare state, people receive welfare benefits mainly from the government rather than through private insurance schemes.

What does the word commodify mean?

transitive verb. : to turn (something, such as an intrinsic value or a work of art) into a commodity attempts to commodify the water supply.

Is commodify a real word?

verb (used with object), com·mod·i·fied, com·mod·i·fy·ing. to turn into a commodity; make commercial.

What is the meaning of the word decommodify?

(third-person singular simple present decommodifies, present participle decommodifying, simple past and past participle decommodified) To reject as a commodity; to promote to a status above that of a commodity.

What is the meaning of decommodification in Political Economy?

In political economy, decommodification is the strength of social entitlements and citizens’ degree of immunization from market dependency. In regards to the labor force, decommodification describes a “degree to which individual, or families, can uphold a socially acceptable standard of living independently of market participation.”

What’s the difference between decommodification and welfarism?

Decommodification is the process of viewing utilities as an entitlement, rather than as a commodity that must be paid or traded for. In effect, a decommodified product removes itself from the market, and can be associated with welfarism.

Which is an example of a decommodified product?

Decommodification. In effect, a decommodified product removes itself from the market, and can be associated with welfarism. An example of decommodification would be the removal of tolls from a toll road or the internet before becoming mostly supported by private ISPs .