WEBVTT

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I want you to close your eyes for a second, unless

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you're driving, obviously, and just try to visualize

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a number. One billion. It's one of those numbers

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that's so big it almost stops meaning anything.

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It just turns into static. It does. It becomes

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completely abstract, just data. Yeah. But we

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really have to try to tune into that static today.

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One billion human beings. As of... What, 2006?

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That was the number of people on this planet

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living in slums? And I was looking at the projections

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in the deep dive stack you sent over. Yeah, they're

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not great. Not great is an understatement. If

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we just keep going business as usual, if we don't

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change the formula, that number isn't shrinking,

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it's doubling. Doubling. Two billion people by

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2030. And that is the cliff edge we are walking

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toward. I mean, to put that two billion in perspective,

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because like you said, big numbers just numb

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us. We're talking about a future, a very near

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future, where one out of every four human beings

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on Earth is living in an informal settlement.

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One in four. That just stops being a marginal

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issue. Oh, absolutely. It becomes the main story

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of humanity. Precisely. And I think the reason

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this deep dive is so necessary right now is that

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most of us, especially here in the West, we have

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this massive cognitive dissonance about it. I

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mean, when I say the word slum, be honest. What's

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the first image that pops into your head? Honestly.

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Yeah. I picture the aftermath of a disaster,

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you know, like a hurricane. Or maybe a refugee

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camp. Yeah. Something temporary. Temporary. Yeah.

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A glitch in the matrix. A chaotic mess that just

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happened and will, you know, get cleaned up in

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a year or two. A glitch. Exactly. That is the

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standard narrative. A temporary anomaly. Oh.

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But the mission of this deep dive today is to

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completely invert that thinking. Okay. The research,

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all of it is screaming at us that slums aren't

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accidents. They aren't temporary. They are established.

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They are complex. And in many ways, they are

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permanent features of how the human species build

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cities. That's that city within a city concept

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I saw on the note. It is. I mean, look, we are

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witnessing the urbanization of the human species.

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That is the headline story of the 21st century.

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Right. And for a massive chunk of the population,

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a growing chunk, the slum isn't a glitch. It

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is the vehicle. for that urbanization. It is

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the waiting room, the bedroom, and the factory

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floor for a quarter of the world. So if this

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is the vehicle, we need to understand how the

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engine works. But before we get into the economics

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and the tragedy of it all, I want to pause on

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the word itself, slum. It feels heavy. It feels

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judgmental. When we use it, are we already biasing

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the conversation? We are. And I think that's

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unavoidable, but really important to acknowledge.

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The word is incredibly loaded and it's actually

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a relic. It's thought to be old British slang

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popping up in London's East End around, what,

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1845? I saw that note. It originally just meant

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room, right? Something that simple. Roughly,

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yes. It seems to have evolved from meaning a

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room to a back slum, which was, you know, basically

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a back alley. So it was a spatial description.

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Just a spatial description, that back alley over

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there. But very, very quickly. It morphed from

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describing the place to judging the people in

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the place. It became a synonym for moral decay,

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for crime, for filth. Which is a pattern we see

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a lot in language, isn't it? You label the geography

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first, then you stigmatize the population. And

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that stigma is dangerous because if you label

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an area a slum, it's often a prelude to clearing

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it. Right. It delegitimizes the fact that people

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have built lives there. It makes it sound like

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trash to be swept away. But for us to have this

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conversation today, we can't just rely on vibes

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or, you know, insults. We need a hard definition.

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The United Nations actually has a checklist for

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this. I have the checklist here. And it's fascinating

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because it's not just about, are you poor? It's

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very structural, very specific. The UN says a

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household is a slum if it fails on just one of

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five conditions. Just one. That's the key. And

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these five conditions, they really are the blueprint

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of the struggle. Why don't you walk us through

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them? Because each one represents a specific

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failure of planning. OK, so number one. Access

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to improved water. Which means water that is

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safe, affordable, and actually accessible without,

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you know, walking three miles or queuing for

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four hours every morning. Right. Number two,

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access to improved sanitation. So, toilets, sewage,

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the basic hygiene infrastructure that stops a

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city from becoming a massive disease vector.

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Number three is overcrowding, so not having sufficient

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living area. And this one is brutal. If you have

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five people sleeping in a room that was designed

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for one, you are technically in a slum condition,

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regardless of how nice the building is on the

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outside. It's about the density and the stress

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that puts on a human being. Yeah. Okay, number

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four, housing durability. You know, is the roof

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going to fly off in a storm? Is the wall made

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of cardboard? Basic structural integrity. And

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number five, this is the one that really stood

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out to me, security of tenure. Ah, that is the

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invisible one. It's the right to stay, basically.

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Is that what it means? It's the protection against

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forced eviction. I mean, just imagine living

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in a house where, you know, deep down that at

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any moment a bulldozer could show up and you

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would have zero legal recourse. None. That psychological

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weight, that is a defining feature of a slum.

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If you don't have the legal right to exist there,

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why would you ever invest in fixing the roof?

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Why would you build a better toilet? Because

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it could all be gone tomorrow. It creates this

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trap of short -termism. You're forced to live

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day to day. That's the tragedy. The insecurity

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breeds the physical decay. And while slum is

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the English label we're using, I love looking

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at the global vocabulary for this because it

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just proves how universal the experience is.

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Right. The words themselves tell the story of

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how these places are built. Oh, the list of names

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is poetic. In a really dark way. You have the

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favela in Brazil, of course, the barrio in Venezuela.

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In Turkey, they call it Gizikandu. And this is

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one of my favorites for what it reveals about

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the legal loopholes. What does that mean? It

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literally translates to built overnight. That

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is such a vivid image. It captures the speed

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of it, but also the, you know, the stealth. It

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captures the desperation and the loophole in

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Ottoman law and later in... Turkish tradition,

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if you could build a structure between sunset

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and sunrise and get a roof on it. A roof on it

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by morning. The authorities couldn't just tear

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it down immediately. They needed a court order.

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So entire neighborhoods were literally second

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due built overnight by communities racing to

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beat the sun. That is incredible human ingenuity.

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It's like hacking the legal code with carpentry.

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It is. And then in France and Francophone Africa,

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you have the bidon bill. bidon means a tin can

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or a metal drum so tin can town a town of tin

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cans it tells you exactly what the architecture

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is made of flattened oil drums scrap metal it

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highlights the recycling the resourcefulness

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of it it really drives home that this isn't a

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local issue it's a human issue it's what humans

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do when they need shelter and the system offers

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them absolutely nothing and actually that segues

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perfectly into the history because i think we

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have this bias where We assume slums are something

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that happens over there, you know, in the global

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south. Yeah. But if we rewind the clock. If you

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rewind to the 19th century, the global south

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conditions were right here in the west. I mean,

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London, New York, Paris, they were the original

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mega slums. We tend to forget that the whole

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Dickensian world wasn't fiction. It was reporting.

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I was reading the descriptions of Victorian London

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in the source material. And honestly, they make

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Oliver Twist look like a sanitized documentary.

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Oh, it was horrific. You have to remember. This

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was the Industrial Revolution. The engines of

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industry were turning and they needed bodies.

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People were pouring into London from the countryside,

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but the housing just wasn't there. So what happened?

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The wealthy fled the center. This is the beginning

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of suburban flight. And the poor crammed into

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these rotting post -medieval streetscapes. There

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was this quote from Friedrich Engels. He called

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them cattle sheds for human beings. Angles did

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not mince words. He was walking these streets.

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He was seeing the degradation firsthand. But

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the description that always, always sticks with

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me is from Cardinal Wiseman. He wrote about an

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area in Westminster, right near the Abbey, the

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seat of religious power, and he called it the

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Devil's Acre. The Devil's Acre. That sounds like

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something out of a horror movie. It was a horror

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movie. He described it as a labyrinth of lanes.

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He talked about nests of ignorance and vice where

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the atmosphere was typhus and the ventilation

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was cholera. Wow. And this wasn't on the outskirts

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of town where nobody looked. This was the heart

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of the empire. You could probably smell the Devil's

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Acre from the houses of parliament. And across

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the Atlantic, New York wasn't doing any better.

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In fact, in some ways, it was even wilder. New

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York was the frontier of the slum. If you've

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seen the movie Gangs of New York, you know about

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the five points. Right. That was the first true

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American slum popping up around 1825. And the

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geography of it, it tells you everything about

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why slums form, where they form. Do you know

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where it was built? It was built on a lake, wasn't

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it? Or a pond? The Collect Pond. But not just,

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you know, a nice pond. It was a body of water

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where slaughterhouses and tanneries had been

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dumping their awful chemicals and blood for decades.

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Lovely. So a toxic swamp. A toxic swamp right

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in the middle of Manhattan. So the city decides

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to fill in this toxic soup with landfill to create

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real estate. But they do a rush job. The drainage

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is broken. Of course. So they build houses on

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top of it. And immediately the houses start sinking.

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They start shifting. The basements fill with

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this toxic sludge oozing up from below. And that's

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where the poorest people, the freed slaves, the

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Irish immigrants fling the famine. That's where

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they ended up. Exactly. It became this dense,

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sinking, chaotic melting pot. It was bad land.

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And that is a rule of real estate that holds

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true to this day. The poor end up on the land

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that nobody else wants. If the land is sinking,

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if it smells, if it's dangerous, that's where

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the slum takes root. So here is the million dollar

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question. If London and New York were absolute

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hellscapes in 1850, why aren't they now? I mean,

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we still have poverty in New York, sure, and

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we have homelessness, but we don't have gissacondas

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made of tin cans sinking into toxic sludge in

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the middle of Manhattan. What changed? Well,

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we tend to think they just got rich over time,

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but it wasn't that simple. It was actually very

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deliberate, very aggressive policy. Between,

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say, the 1960s and 70s, the West essentially

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engineered the slum out of existence. What were

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the levers they pulled? Two main levers. First,

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massive investment in public transit. The London

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Underground, the New York subway, this was revolutionary.

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How does a train fix a slum? It allowed people

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to live further out where land was cheaper and

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commute in for work. You didn't have to sleep

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next to the factory anymore. You could live in

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a burrow and take a train. So the subway effectively

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expanded the available land for the poor. It

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democratized geography. And the second lever

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was public housing. The government finally stepped

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in in a huge way. They cleared the slums, often

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brutally, we have to admit. But they replaced

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them with council housing, with projects, with

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subsidized apartments. They changed the supply

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equation. So they literally built their way out

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of it with concrete and rails. They did. But

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here is the tragic irony. Just as the West was

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solving its slum problem using these tools, the

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phenomenon was migrating. It was exploding in

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the global South Sub -Saharan Africa, South Asia,

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East Asia, and the scale there... It makes Five

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Points look like a quaint little village. I read

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about places in the Central African Republic

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where the statistic is 95 .9%. 95 .9 % of the

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urban population living in slum conditions. At

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that point, the slum isn't a neighborhood in

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the city. No. The slum is the city. That is the

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terrifying distinction. In those contexts, formal

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housing is the anomaly. The slum is the standard.

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So we've established what they are and where

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they came from historically. But we need to get

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to the why. Why are millions and millions of

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people leaving the countryside to move into a

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sinking house on a toxic landfill? What is the

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engine driving this massive migration? Well,

00:11:59.960 --> 00:12:02.690
it's the classic economic push and pull. But

00:12:02.690 --> 00:12:05.470
the push has changed dramatically. Historically,

00:12:05.549 --> 00:12:08.370
people left farms because they wanted to. Now

00:12:08.370 --> 00:12:11.330
they leave because they have to. Right. Mechanization

00:12:11.330 --> 00:12:13.970
of agriculture. Exactly. A single tractor can

00:12:13.970 --> 00:12:17.250
do the work of 100 men. So agriculture produces

00:12:17.250 --> 00:12:20.950
more food but far, far fewer jobs. At the same

00:12:20.950 --> 00:12:23.730
time, rural populations are still growing. So

00:12:23.730 --> 00:12:25.990
you have this huge surplus of people with absolutely

00:12:25.990 --> 00:12:28.149
no way to survive in the village. So the village

00:12:28.149 --> 00:12:30.350
is effectively evicting them. The economy of

00:12:30.350 --> 00:12:33.179
the village is evicting them. to the city. And

00:12:33.179 --> 00:12:35.860
the city, it promises jobs. It promises better

00:12:35.860 --> 00:12:38.740
schools. And interestingly, even a slum school

00:12:38.740 --> 00:12:41.100
is often perceived as better than what's available

00:12:41.100 --> 00:12:43.539
in a remote forgotten village. I saw a stat from

00:12:43.539 --> 00:12:46.120
Surabaya, Indonesia that really backed this up.

00:12:46.220 --> 00:12:49.679
Something like 95 .8 % of migrants said they

00:12:49.679 --> 00:12:52.740
moved specifically for jobs. It's not about lifestyle.

00:12:52.860 --> 00:12:57.019
It's about survival. Pure economics. It is. But

00:12:57.019 --> 00:12:59.080
here's the thing that's so important to understand.

00:13:00.239 --> 00:13:02.899
They don't just move to the city as an abstract

00:13:02.899 --> 00:13:07.139
idea. They move to people. Migration always follows

00:13:07.139 --> 00:13:09.580
social networks. The chain migration concept.

00:13:09.779 --> 00:13:11.500
Right. You go where your cousin is. You go where

00:13:11.500 --> 00:13:13.600
your uncle is. And if your uncle lives in a slum

00:13:13.600 --> 00:13:15.259
because that's all he can afford, well, that's

00:13:15.259 --> 00:13:17.220
where you land. You sleep on his floor until

00:13:17.220 --> 00:13:19.720
you can build your own shack next door. It creates

00:13:19.720 --> 00:13:21.940
this chain reaction that concentrates poverty

00:13:21.940 --> 00:13:24.840
in very specific areas. And while all this is

00:13:24.840 --> 00:13:27.559
happening, there's also this issue of the government

00:13:27.559 --> 00:13:30.860
just... not seeing it coming or maybe choosing

00:13:30.860 --> 00:13:33.240
not to see it. That is the massive gap between

00:13:33.240 --> 00:13:36.080
urbanization and planning. Urbanization is this

00:13:36.080 --> 00:13:39.360
powerful bottom -up force people flood in. But

00:13:39.360 --> 00:13:42.059
local governments often lack the funds or the

00:13:42.059 --> 00:13:44.539
expertise or, frankly, the political will to

00:13:44.539 --> 00:13:47.720
manage it. Or worse, they choose blindness. You

00:13:47.720 --> 00:13:50.120
mean the concept of invisible land? It's a willful

00:13:50.120 --> 00:13:52.399
delusion. There are documented cases where governments

00:13:52.399 --> 00:13:55.320
have official maps where a sprawling slum is

00:13:55.320 --> 00:13:57.960
labeled as undeveloped or empty or forest. They

00:13:57.960 --> 00:13:59.460
just pretend it's not there. And if it's not

00:13:59.460 --> 00:14:01.179
on the official map, they don't have to provide

00:14:01.179 --> 00:14:03.019
services. They don't have to pick up the trash.

00:14:03.220 --> 00:14:05.120
They don't have to provide water. It's a way

00:14:05.120 --> 00:14:07.799
of abdicating all responsibility. But there was

00:14:07.799 --> 00:14:10.200
one point in the research that really stood out

00:14:10.200 --> 00:14:12.820
to me. And I think this is the key to understanding

00:14:12.820 --> 00:14:16.220
why slums look the way they do. It was this idea

00:14:16.220 --> 00:14:20.460
that labor is the primary architect. of the slum

00:14:20.460 --> 00:14:23.059
this is a crucial insight and it's largely coming

00:14:23.059 --> 00:14:25.960
from more recent ethnographic research particularly

00:14:25.960 --> 00:14:30.299
a study from 2017. we have this image of slums

00:14:30.299 --> 00:14:33.580
as chaotic and random you know oh they just built

00:14:33.580 --> 00:14:36.659
a shack wherever right disorganized but this

00:14:36.659 --> 00:14:39.320
research suggests that form follows function

00:14:39.320 --> 00:14:43.720
in a very deliberate way the houses the alleys

00:14:43.720 --> 00:14:46.039
the whole layout is self -constructed specifically

00:14:46.039 --> 00:14:48.980
to facilitate work Can you give us an example?

00:14:49.080 --> 00:14:51.080
Because that sounds a little abstract. Okay,

00:14:51.120 --> 00:14:53.500
let's look at a specific story. Take the case

00:14:53.500 --> 00:14:56.940
of a favela in Machio, Brazil called Favela Suru

00:14:56.940 --> 00:14:59.559
da Capote. It was started by dismissed sugarcane

00:14:59.559 --> 00:15:01.980
workers who migrated to the city. They were desperate

00:15:01.980 --> 00:15:04.139
for work. Okay, so they need an income first

00:15:04.139 --> 00:15:06.779
and foremost. Right. And they chose a very specific

00:15:06.779 --> 00:15:10.179
terrain, the banks of a lagoon. Now, a city planner

00:15:10.179 --> 00:15:12.139
would look at that and say, that's flood prone,

00:15:12.399 --> 00:15:15.139
that's unstable, that's dangerous. But the workers

00:15:15.139 --> 00:15:18.549
looked at it and saw gold. Or rather, they saw

00:15:18.549 --> 00:15:22.070
mussels. Mussels. The lagoon was full of saru

00:15:22.070 --> 00:15:25.389
mussels. And it turned out that 80 % of the residents

00:15:25.389 --> 00:15:27.450
ended up making their living from mussel fishing.

00:15:28.079 --> 00:15:30.100
So they built their homes right on the banks

00:15:30.100 --> 00:15:32.740
to be close to the boats. They built the alleys

00:15:32.740 --> 00:15:34.700
just wide enough to carry baskets of shells.

00:15:35.240 --> 00:15:38.299
The slum was actually a perfectly adapted factory

00:15:38.299 --> 00:15:41.000
for their specific livelihood. So it wasn't just

00:15:41.000 --> 00:15:43.000
housing. It was an industrial complex. Exactly.

00:15:43.200 --> 00:15:45.639
Now, here is where the story gets tragic. The

00:15:45.639 --> 00:15:47.960
government comes in and says, these poor people

00:15:47.960 --> 00:15:50.820
are living in squalor. We must save them. So

00:15:50.820 --> 00:15:53.159
they initiated a resettlement program. They moved

00:15:53.159 --> 00:15:55.659
the entire community to formal housing. Nice,

00:15:55.659 --> 00:15:58.200
clean, concrete blocks. That's good on paper.

00:15:58.320 --> 00:16:00.320
But it was miles away from the lagoon. Oh no.

00:16:00.460 --> 00:16:03.080
What happened? The community's economy collapsed.

00:16:03.200 --> 00:16:05.860
They couldn't fish anymore. The architecture

00:16:05.860 --> 00:16:07.919
of the new apartment blocks didn't allow for

00:16:07.919 --> 00:16:10.139
shucking muscles in the living room. It smells.

00:16:10.840 --> 00:16:13.340
It's messy. It clogs the plumbing. The solution

00:16:13.340 --> 00:16:16.259
completely destroyed their economy. They solved

00:16:16.259 --> 00:16:18.919
the housing problem, but they created a livelihood

00:16:18.919 --> 00:16:21.860
problem. They destroyed it. And that is such

00:16:21.860 --> 00:16:24.220
a powerful example of how top -down planning

00:16:24.220 --> 00:16:27.679
completely misses the point. They saw poor people.

00:16:28.250 --> 00:16:30.850
But they didn't see workers. They didn't understand

00:16:30.850 --> 00:16:33.289
that the slum was a tool for survival. And we

00:16:33.289 --> 00:16:35.830
can't ignore the historical roots of this, particularly

00:16:35.830 --> 00:16:38.629
colonialism. Many of the biggest slums in the

00:16:38.629 --> 00:16:40.769
global south aren't accidental. They are the

00:16:40.769 --> 00:16:44.269
direct legacy of segregation. Absolutely. Nairobi

00:16:44.269 --> 00:16:46.409
is a prime example. It was created by Europeans

00:16:46.409 --> 00:16:49.529
essentially as a depot for the railroad. They

00:16:49.529 --> 00:16:52.269
viewed Africans as temporary migrants. So they

00:16:52.269 --> 00:16:53.769
needed their labor, but they didn't want them

00:16:53.769 --> 00:16:55.970
as neighbors. Exactly. So they didn't build neighborhoods

00:16:55.970 --> 00:16:58.370
for them. They provided beds. spaces. That was

00:16:58.370 --> 00:17:00.549
the official term. Just a place for a single

00:17:00.549 --> 00:17:03.490
man to sleep before going back to work. But people

00:17:03.490 --> 00:17:06.069
have families. People have lives. They don't

00:17:06.069 --> 00:17:08.690
want to be temporary. Of course not. So they

00:17:08.690 --> 00:17:10.950
built their own homes on the margins illegally.

00:17:11.450 --> 00:17:13.509
And that was the start of places like Kibera.

00:17:13.529 --> 00:17:16.549
And Mumbai. Yeah. The story of Dharavi is similar,

00:17:16.630 --> 00:17:18.950
isn't it? Dharavi, which is now one of the most

00:17:18.950 --> 00:17:20.809
famous slums in the world, you probably know

00:17:20.809 --> 00:17:23.130
it from the movie Slumdog Millionaire, has an

00:17:23.130 --> 00:17:27.180
almost identical origin story. In 1887, the British

00:17:27.180 --> 00:17:29.579
colonial government expelled all the tanneries

00:17:29.579 --> 00:17:31.740
and other noxious industries from the city center.

00:17:31.900 --> 00:17:35.140
The classic NMB approach. Not in my backyard.

00:17:35.359 --> 00:17:38.339
Exactly. They said, go do your smelly leather

00:17:38.339 --> 00:17:41.380
work on the northern fringe of the city. That

00:17:41.380 --> 00:17:44.269
fringe was Dharavi. They provided no infrastructure,

00:17:44.529 --> 00:17:47.690
no water, no sewers. They just said, go. So the

00:17:47.690 --> 00:17:49.670
workers moved there, built shacks around the

00:17:49.670 --> 00:17:52.009
tanneries, and a century later, it's a mega slum

00:17:52.009 --> 00:17:54.970
of a million people. It's just amazing and depressing

00:17:54.970 --> 00:17:57.730
how a decision made 150 years ago by a colonial

00:17:57.730 --> 00:18:00.390
officer can dictate where millions of people

00:18:00.390 --> 00:18:03.609
live today. It creates a path dependency. Once

00:18:03.609 --> 00:18:05.869
a settlement is established, even on bad land,

00:18:06.150 --> 00:18:08.630
it has a gravity of its own that's very hard

00:18:08.630 --> 00:18:11.289
to reverse. So let's pivot to the anatomy of

00:18:11.289 --> 00:18:14.829
a slum today. If you're flying over a city or

00:18:14.829 --> 00:18:17.309
looking at a satellite map, how do you spot them?

00:18:17.369 --> 00:18:19.509
Where do they actually form? Well, the first

00:18:19.509 --> 00:18:23.099
rule of slum formation is... Find the land nobody

00:18:23.099 --> 00:18:25.660
else wants. The leftover. The dangerous leftovers.

00:18:26.039 --> 00:18:28.500
You're looking for steep slopes that are prone

00:18:28.500 --> 00:18:31.420
to landslides, like in Rio. You're looking for

00:18:31.420 --> 00:18:34.440
flood -prone valleys and marshlands, riverbanks,

00:18:34.559 --> 00:18:36.799
right next to trash dumps or railway tracks.

00:18:37.099 --> 00:18:39.299
We talked about the Cleck Pond in New York being

00:18:39.299 --> 00:18:42.259
a toxic swamp. It seems that rule hasn't changed

00:18:42.259 --> 00:18:45.279
in two centuries. But why there? Is it just because

00:18:45.279 --> 00:18:47.730
it's free? It's because it's free, yes, but it's

00:18:47.730 --> 00:18:50.509
also to avoid detection. This is what you could

00:18:50.509 --> 00:18:53.450
call the natural camouflage strategy. Okay. When

00:18:53.450 --> 00:18:55.569
a settlement is young, the biggest threat is

00:18:55.569 --> 00:18:57.789
the government coming in and bulldozing it. If

00:18:57.789 --> 00:18:59.910
you build on a steep slope or deep in a marsh,

00:19:00.109 --> 00:19:02.690
the officials are less likely to notice you or,

00:19:02.769 --> 00:19:05.309
frankly, less likely to care enough to come in

00:19:05.309 --> 00:19:07.970
and kick you out immediately. It buys you time.

00:19:07.970 --> 00:19:09.769
It buys you time to establish that possession

00:19:09.769 --> 00:19:12.859
is nine -tenths of the law. Exactly. And then

00:19:12.859 --> 00:19:15.359
the evolution begins. It starts with tents, maybe

00:19:15.359 --> 00:19:17.960
some plastic sheeting, very temporary materials.

00:19:18.299 --> 00:19:20.940
But as the settlement survives, as the threat

00:19:20.940 --> 00:19:23.740
of immediate eviction fades, people start investing.

00:19:23.900 --> 00:19:27.500
They switch to wood, then to brick, then to concrete

00:19:27.500 --> 00:19:30.440
blocks. It solidifies. It does. And contrary

00:19:30.440 --> 00:19:33.180
to the chaos theory, it becomes highly organized.

00:19:33.440 --> 00:19:35.960
An informal association or, let's be honest,

00:19:36.059 --> 00:19:38.940
often a local gang or a warlord will take charge.

00:19:39.369 --> 00:19:44.150
They might charge fees to newcomers for the right

00:19:44.150 --> 00:19:46.930
to build a shack. They manage disputes. It becomes

00:19:46.930 --> 00:19:49.190
a parallel state. And with that comes a parallel

00:19:49.190 --> 00:19:51.190
economy. I think this is another thing people

00:19:51.190 --> 00:19:53.910
really miss. We think of slums as places of mass

00:19:53.910 --> 00:19:56.519
unemployment. But they're buzzing with work.

00:19:56.660 --> 00:19:58.660
They are massive economic engines, but it's all

00:19:58.660 --> 00:20:00.779
off the books. We call it the informal economy.

00:20:01.119 --> 00:20:03.180
And to give you an idea of the scale, in a country

00:20:03.180 --> 00:20:06.319
like Benin, slum dwellers make up 75 % of all

00:20:06.319 --> 00:20:09.480
informal workers. In Kenya, the informal sector

00:20:09.480 --> 00:20:13.599
is estimated to be 42 % of the entire GDP. 42%.

00:20:13.599 --> 00:20:15.900
That's nearly half the economy running without

00:20:15.900 --> 00:20:18.299
contracts, without taxes, without any regulation.

00:20:18.640 --> 00:20:22.099
Correct. And the work varies wildly. You have

00:20:22.099 --> 00:20:24.460
the illicit informal work. So the legal stuff

00:20:24.460 --> 00:20:27.960
just done illegally. Right. Street vending, domestic

00:20:27.960 --> 00:20:31.940
work, and crucially, recycling. Slums are often

00:20:31.940 --> 00:20:34.720
the recycling plants of the entire city. People

00:20:34.720 --> 00:20:37.579
collecting plastic, sorting metal. It's dirty,

00:20:37.660 --> 00:20:39.500
dangerous work, but it keeps the city clean.

00:20:39.920 --> 00:20:42.740
You also have things like product assembly, embroidery.

00:20:43.359 --> 00:20:45.059
And then there's the illicit side. The shadow

00:20:45.059 --> 00:20:48.640
markets. Drug trafficking, brewing moonshine

00:20:48.640 --> 00:20:52.079
like Changa in Kenya, which is incredibly potent

00:20:52.079 --> 00:20:54.500
and very dangerous producing fake goods. The

00:20:54.500 --> 00:20:57.160
knockoff designer bags you see in markets. Exactly.

00:20:57.259 --> 00:20:59.480
But whether it's illicit or illicit, the trap

00:20:59.480 --> 00:21:01.519
is the same. There are no contracts, no labor

00:21:01.519 --> 00:21:03.500
rights, no safety goggles. And often you have

00:21:03.500 --> 00:21:05.660
to pay bribes to the police or local officials

00:21:05.660 --> 00:21:08.140
just to keep working. It's a very, very vulnerable

00:21:08.140 --> 00:21:11.319
existence. That vulnerability leads us right

00:21:11.319 --> 00:21:14.500
into the day to day human experience. We can

00:21:14.500 --> 00:21:16.839
talk about economics and systems all day, but

00:21:16.839 --> 00:21:19.480
what is it actually like to wake up there? We

00:21:19.480 --> 00:21:21.420
mentioned lack of infrastructure, but there was

00:21:21.420 --> 00:21:23.859
one concept in the notes called the water paradox

00:21:23.859 --> 00:21:26.799
that I need you to explain, because the math

00:21:26.799 --> 00:21:28.920
just doesn't seem to make sense. It is deeply,

00:21:29.019 --> 00:21:32.019
deeply unfair, and it defies all standard market

00:21:32.019 --> 00:21:35.680
logic. The paradox is that the poor often pay

00:21:35.680 --> 00:21:39.700
far more for water per liter than the rich. How

00:21:39.700 --> 00:21:42.319
is that even possible? Usually, if you're rich,

00:21:42.339 --> 00:21:44.579
you buy the premium stuff and it costs more.

00:21:44.819 --> 00:21:47.299
Think about the delivery mechanism. If you are

00:21:47.299 --> 00:21:50.079
in a formal, wealthy neighborhood, you have a

00:21:50.079 --> 00:21:52.420
pipe connected directly to your house. You turn

00:21:52.420 --> 00:21:54.880
a tap, water comes out. You pay the municipal

00:21:54.880 --> 00:21:57.119
rate, which is usually subsidized by the state

00:21:57.119 --> 00:21:59.019
to keep voters happy. It's cheap. OK, that makes

00:21:59.019 --> 00:22:01.000
sense. Now, if you live in a slum, there are

00:22:01.000 --> 00:22:03.240
no pipes. The utility company doesn't serve you.

00:22:03.319 --> 00:22:05.140
So how do you get water? You have to buy it from

00:22:05.140 --> 00:22:07.619
a private vendor, someone who trucks it in or

00:22:07.619 --> 00:22:10.210
carries it in jerry cans on a handcart. So you're

00:22:10.210 --> 00:22:12.549
paying for the manual labor of delivery. You're

00:22:12.549 --> 00:22:14.490
paying for the labor, you're paying for the transport,

00:22:14.589 --> 00:22:16.349
and you're paying for the profit margin of the

00:22:16.349 --> 00:22:18.690
middleman. Plus, you can't buy in bulk because

00:22:18.690 --> 00:22:20.470
you have nowhere to store it, so you buy small

00:22:20.470 --> 00:22:23.529
amounts daily. The markup can be astronomical,

00:22:23.950 --> 00:22:27.369
sometimes 10 to 20 times what a wealthy person

00:22:27.369 --> 00:22:30.130
pays for their tap water. You are paying a premium

00:22:30.130 --> 00:22:33.369
for poverty. That is infuriating. It's literally

00:22:33.369 --> 00:22:36.700
a tax on being poor. And there's a sanitation

00:22:36.700 --> 00:22:39.420
issue. We mentioned overcrowding, but let's really

00:22:39.420 --> 00:22:41.900
paint that picture. It's a crisis of density.

00:22:42.160 --> 00:22:45.559
In a slum in Kolkata, India, you might have 10

00:22:45.559 --> 00:22:48.380
people sharing a single room of 45 square meters.

00:22:48.819 --> 00:22:51.220
Now imagine the bathroom situation for that building.

00:22:51.660 --> 00:22:54.380
In Hibera, in Nairobi, the population density

00:22:54.380 --> 00:22:57.599
is roughly 2 ,000 people per hectare. 2 ,000

00:22:57.599 --> 00:22:58.859
people per hectare. That's like a permanently

00:22:58.859 --> 00:23:01.180
packed rock concert. It is. And when you have

00:23:01.180 --> 00:23:03.279
that many people sharing that few pit latrines,

00:23:03.380 --> 00:23:05.920
disease isn't a risk. It's an absolute certainty.

00:23:06.319 --> 00:23:09.319
Cholera, typhoid, malaria, they spread like wildfire.

00:23:09.500 --> 00:23:10.940
And children are the ones who take the biggest

00:23:10.940 --> 00:23:13.930
hit. Child malnutrition is just widespread. In

00:23:13.930 --> 00:23:17.029
slums in Mumbai and New Delhi, nearly 50 percent

00:23:17.029 --> 00:23:19.190
of children under the age of five are stunted.

00:23:19.470 --> 00:23:22.089
That means their bodies and their brains aren't

00:23:22.089 --> 00:23:24.269
developing properly. And it's not just about

00:23:24.269 --> 00:23:25.990
not having enough food. It's about something

00:23:25.990 --> 00:23:29.710
called environmental enteropathy. The constant

00:23:29.710 --> 00:23:31.930
assault of fecal bacteria from the environment

00:23:31.930 --> 00:23:34.329
prevents their guts from absorbing nutrients.

00:23:34.390 --> 00:23:37.029
So even if they eat, they effectively starve.

00:23:37.269 --> 00:23:39.789
And if you get sick, I mean, can you call an

00:23:39.789 --> 00:23:42.920
ambulance? This brings us back to that. non -notified

00:23:42.920 --> 00:23:45.880
problem we touched on. Many slums are not officially

00:23:45.880 --> 00:23:47.759
recognized by the government. They don't exist

00:23:47.759 --> 00:23:50.160
on the map. And if you aren't notified, you don't

00:23:50.160 --> 00:23:51.880
get a clinic. You don't get your health data

00:23:51.880 --> 00:23:54.599
collected. And crucially, emergency services

00:23:54.599 --> 00:23:57.940
often refuse to enter. They just won't go. Ambulances

00:23:57.940 --> 00:24:00.119
won't go there. The roads are too narrow or they

00:24:00.119 --> 00:24:02.740
fear for their safety or simply because the address

00:24:02.740 --> 00:24:05.940
doesn't exist. Third shack past the blue tarp

00:24:05.940 --> 00:24:08.799
on the left isn't on the GPS. Yeah. You are completely

00:24:08.799 --> 00:24:11.680
and utterly on your own. It's terrifying. And

00:24:11.680 --> 00:24:13.359
on top of all the health risks, you have the

00:24:13.359 --> 00:24:15.599
physical risks. We mentioned the landslides earlier.

00:24:15.880 --> 00:24:18.640
Yes. Because slums are built on that undesirable

00:24:18.640 --> 00:24:21.099
land, when natural disasters hit, they are always

00:24:21.099 --> 00:24:22.859
the first to suffer, and they suffer the worst.

00:24:23.559 --> 00:24:27.119
Landslides in Rio, floods in Dhaka. And often,

00:24:27.299 --> 00:24:30.319
disaster creates slums. Think of the earthquake

00:24:30.319 --> 00:24:33.640
in Haiti in 2010. The so -called temporary tent

00:24:33.640 --> 00:24:36.559
cities set up for survivors. Many of them just

00:24:36.559 --> 00:24:39.380
solidified. They became permanent slums. And

00:24:39.380 --> 00:24:41.819
then there's the human -made risk. the violence,

00:24:42.099 --> 00:24:45.339
we have to talk about safety. It is a very complex

00:24:45.339 --> 00:24:47.700
picture. We shouldn't demonize all slums as war

00:24:47.700 --> 00:24:50.480
zones. Many are incredibly tight knit communities

00:24:50.480 --> 00:24:52.720
where people look out for each other. But yes,

00:24:52.920 --> 00:24:55.059
high crime rates exist in some slums and they're

00:24:55.059 --> 00:24:57.200
often driven by those illicit economies we talked

00:24:57.200 --> 00:25:00.119
about. The drugs, the gambling and the gang wars

00:25:00.119 --> 00:25:02.180
that come with controlling that territory. And

00:25:02.180 --> 00:25:04.480
specifically the risk to women. Gender based

00:25:04.480 --> 00:25:07.420
violence is a massive and I would say structural

00:25:07.420 --> 00:25:09.579
risk. I mean, imagine if you don't have a toilet

00:25:09.579 --> 00:25:11.700
in your home. You have to use a shared public

00:25:11.700 --> 00:25:14.650
toilet down a dark, unlit... alley 200 meters

00:25:14.650 --> 00:25:16.069
away. And you have to go in the middle of the

00:25:16.069 --> 00:25:19.369
night. Exactly. Women are at an extremely high

00:25:19.369 --> 00:25:21.490
risk of assault just trying to use the bathroom

00:25:21.490 --> 00:25:24.009
at night. It's a spatial design that enables

00:25:24.009 --> 00:25:26.670
violence. And because of the immense economic

00:25:26.670 --> 00:25:29.670
stress men unable to find work, everyone living

00:25:29.670 --> 00:25:32.609
in cramped conditions, domestic violence is often

00:25:32.609 --> 00:25:35.150
exacerbated. And going to the police isn't really

00:25:35.150 --> 00:25:38.789
a viable option, is it? Often, no. The police

00:25:38.789 --> 00:25:41.950
are viewed with deep, deep distrust. Residents

00:25:41.950 --> 00:25:43.710
fear that if they call the police, it will just

00:25:43.710 --> 00:25:46.490
lead to harassment, demands for bribes, or even

00:25:46.490 --> 00:25:49.410
worse, it could trigger an eviction. So crimes

00:25:49.410 --> 00:25:51.650
go unreported and the cycle of violence just

00:25:51.650 --> 00:25:54.390
continues. It feels like such an intractable

00:25:54.390 --> 00:25:57.309
problem. Every single layer we peel back just

00:25:57.309 --> 00:25:59.710
reveals another layer of difficulty. But we have

00:25:59.710 --> 00:26:01.609
to talk about solutions. Governments have been

00:26:01.609 --> 00:26:04.109
trying to fix slums for over a century. What

00:26:04.109 --> 00:26:06.650
have they tried and what actually works? Because

00:26:06.650 --> 00:26:08.329
surely we've learned something since Victorian

00:26:08.329 --> 00:26:10.900
London. We have certainly learned a lot about

00:26:10.900 --> 00:26:13.039
what doesn't work. Let's look at the four main

00:26:13.039 --> 00:26:14.980
strategies that have been deployed globally over

00:26:14.980 --> 00:26:17.660
the years. Strategy A is the brute force method.

00:26:17.980 --> 00:26:21.380
Slum removal or demolition. The bulldozer approach.

00:26:21.720 --> 00:26:24.700
This is illegal. Knock it down. That's it exactly.

00:26:25.319 --> 00:26:27.960
Governments declare the slum a hazard. They send

00:26:27.960 --> 00:26:30.259
in the police and the dozers and they flatten

00:26:30.259 --> 00:26:33.069
the entire neighborhood. Does it work? In terms

00:26:33.069 --> 00:26:35.390
of getting rid of the buildings? Yes, for a time.

00:26:35.569 --> 00:26:38.369
In terms of solving the problem? Absolutely not.

00:26:38.529 --> 00:26:42.509
It is a spectacular and cruel failure. It destroys

00:26:42.509 --> 00:26:45.650
homes. It destroys billions of dollars in informal

00:26:45.650 --> 00:26:48.109
assets capital that poor people have scraped

00:26:48.109 --> 00:26:51.329
together over decades. But it doesn't solve poverty.

00:26:51.589 --> 00:26:53.970
And crucially, the city still needs the workers.

00:26:54.380 --> 00:26:57.099
Right. The city still needs the maids, the recyclers,

00:26:57.140 --> 00:26:59.299
the construction workers, so the people don't

00:26:59.299 --> 00:27:01.279
disappear. They just move five miles down the

00:27:01.279 --> 00:27:03.920
road and start a new slum. It's a vicious, cruel

00:27:03.920 --> 00:27:06.140
game of whack -a -mole. Okay, so that's a bust.

00:27:06.420 --> 00:27:08.960
What about strategy B, relocation? This is the

00:27:08.960 --> 00:27:11.579
nicer version where they build new housing, but

00:27:11.579 --> 00:27:14.099
usually far away, right? Right. The pitch is

00:27:14.099 --> 00:27:15.519
they're going to build you a nice, clean apartment,

00:27:15.619 --> 00:27:17.900
but land is expensive in the center, so we built

00:27:17.900 --> 00:27:20.839
it 20 kilometers out on the periphery. We saw

00:27:20.839 --> 00:27:22.960
this with the Sabarmati Riverfront project in

00:27:22.960 --> 00:27:26.859
India. They moved 19 ,000 families, but they

00:27:26.859 --> 00:27:29.579
moved them to housing nine kilometers away. Which,

00:27:29.700 --> 00:27:32.660
in a city with bad traffic, is basically a lifetime

00:27:32.660 --> 00:27:35.279
away. It disconnects people from their jobs and

00:27:35.279 --> 00:27:38.180
their social safety networks. If you are a maid

00:27:38.180 --> 00:27:40.599
working in the city center and you're suddenly

00:27:40.599 --> 00:27:42.859
moved nine kilometers away, you can't afford

00:27:42.859 --> 00:27:45.779
the bus fare. You lose your job. Eventually,

00:27:45.799 --> 00:27:48.579
what we see is that many people abandon the new,

00:27:48.660 --> 00:27:51.599
nice housing and move back to a slum closer to

00:27:51.599 --> 00:27:53.920
work. They vote with their feet. So that brings

00:27:53.920 --> 00:27:57.079
us to strategy C. This one has a specific name,

00:27:57.160 --> 00:28:00.039
right? The Turner method. Yes. Named after an

00:28:00.039 --> 00:28:02.259
architect and theorist named John Turner, who

00:28:02.259 --> 00:28:05.119
was writing in the 1970s. His idea was really

00:28:05.119 --> 00:28:07.740
radical at the time. He essentially said, government,

00:28:07.839 --> 00:28:10.460
stop building houses. You're bad at it. The poor

00:28:10.460 --> 00:28:12.440
are actually great at building their own houses.

00:28:12.519 --> 00:28:15.259
They just lack rights and services. So it's almost

00:28:15.259 --> 00:28:17.690
a libertarian approach to urban planning. In

00:28:17.690 --> 00:28:20.730
a way, yes. He argued that slums were a solution

00:28:20.730 --> 00:28:23.089
to the housing shortage, not the problem itself.

00:28:23.430 --> 00:28:25.789
He said governments should just give residents

00:28:25.789 --> 00:28:28.730
security of tenure, a legal promise not to evict

00:28:28.730 --> 00:28:31.190
them, and then provide basic services like sewers

00:28:31.190 --> 00:28:33.789
and streetlights. If you do that, the residents

00:28:33.789 --> 00:28:35.849
will use their own money and their own labor

00:28:35.849 --> 00:28:38.529
to upgrade their homes over time. The site and

00:28:38.529 --> 00:28:40.670
service model. Give them the plot and the pipe

00:28:40.670 --> 00:28:43.049
and let them build the walls. Exactly. And it

00:28:43.049 --> 00:28:45.970
has had some successes. Mexico City in the 70s

00:28:45.970 --> 00:28:49.069
and 80s successfully urbanized many of its periphery

00:28:49.069 --> 00:28:51.930
slums this way. Medellin in Colombia is another

00:28:51.930 --> 00:28:54.369
famous example where they used those cable cars,

00:28:54.529 --> 00:28:57.289
the metro cable, to connect hillside slums to

00:28:57.289 --> 00:28:59.869
the city's job market, integrating them. But,

00:28:59.869 --> 00:29:02.750
I sense a but coming. But the results are very

00:29:02.750 --> 00:29:06.559
mixed. In Jakarta, they tried this, and the conditions

00:29:06.559 --> 00:29:09.420
deteriorated back to slum status after just a

00:29:09.420 --> 00:29:12.619
few years. It turns out upgrading is really expensive

00:29:12.619 --> 00:29:15.299
for people living on the edge. And more importantly,

00:29:15.579 --> 00:29:17.640
it doesn't address the root cause of the problem.

00:29:17.980 --> 00:29:20.900
Low wages. You can give someone a sewer connection,

00:29:21.160 --> 00:29:23.579
but if they still only earn a dollar a day, they

00:29:23.579 --> 00:29:25.559
can't maintain the house. They can't pay the

00:29:25.559 --> 00:29:28.440
new water bill. So is there a strategy D? Is

00:29:28.440 --> 00:29:30.420
there anything that actually has a track record

00:29:30.420 --> 00:29:34.109
of lasting success? There is, but it's the hardest

00:29:34.109 --> 00:29:36.710
one because it requires massive political will

00:29:36.710 --> 00:29:39.849
and huge investment. It's the historical success

00:29:39.849 --> 00:29:42.710
story of the West. a combination of infrastructure

00:29:42.710 --> 00:29:44.849
plus public housing. So we're going back to the

00:29:44.849 --> 00:29:47.069
Victorian London example. We are. There was a

00:29:47.069 --> 00:29:49.490
man named Charles Pearson. He was in the UK Parliament

00:29:49.490 --> 00:29:52.329
in the mid -19th century. And he argued that

00:29:52.329 --> 00:29:54.170
the problem wasn't just the housing, it was the

00:29:54.170 --> 00:29:57.650
transport. He pushed relentlessly for mass transit,

00:29:57.710 --> 00:30:00.069
what became the London Underground. The tube

00:30:00.069 --> 00:30:02.710
saved London from its slums. In a very big way.

00:30:03.259 --> 00:30:05.380
It allowed the working poor to live in decent,

00:30:05.500 --> 00:30:08.279
affordable areas with lower rent and still commute

00:30:08.279 --> 00:30:11.039
to the docks and factories for work. It broke

00:30:11.039 --> 00:30:14.220
the terrible stranglehold of proximity. But it

00:30:14.220 --> 00:30:16.460
wasn't just the subway. The governments of the

00:30:16.460 --> 00:30:20.059
UK and France also engaged in massive state -led

00:30:20.059 --> 00:30:24.380
public housing programs. Post -1955, the UK demolished

00:30:24.380 --> 00:30:28.160
1 .5 million slum properties and resettled the

00:30:28.160 --> 00:30:30.759
residents in subsized council housing. So it

00:30:30.759 --> 00:30:32.819
requires big government spending. You can't just

00:30:32.819 --> 00:30:35.059
hack your way out of it with a clever low -cost

00:30:35.059 --> 00:30:38.140
trick. Huge sustained spending. It requires combining

00:30:38.140 --> 00:30:40.839
citywide infrastructure transport that actually

00:30:40.839 --> 00:30:43.460
works for the poor with affordable subsidized

00:30:43.460 --> 00:30:45.680
public housing. You need to tackle both the connectivity

00:30:45.680 --> 00:30:48.119
and the shelter itself. You have to treat housing

00:30:48.119 --> 00:30:50.859
as a basic human right, not just a market asset.

00:30:51.500 --> 00:30:53.240
It seems like we've come full circle. We started

00:30:53.240 --> 00:30:55.200
with the sheer scale of the problem, the billion

00:30:55.200 --> 00:30:57.559
people. We've looked at the history, the economic

00:30:57.559 --> 00:31:00.339
engines, the daily struggle, and all the failed

00:31:00.339 --> 00:31:02.960
attempts to fix it. So let's try to wrap this

00:31:02.960 --> 00:31:04.819
up. What is the big overarching takeaway here?

00:31:05.130 --> 00:31:07.009
I think the summary is that slums are not an

00:31:07.009 --> 00:31:09.170
accident. They are not a glitch in the system.

00:31:09.369 --> 00:31:12.390
They are the predictable result of rapid urbanization

00:31:12.390 --> 00:31:14.730
colliding with a lack of planning and a global

00:31:14.730 --> 00:31:17.650
labor market that relies on cheap, informal workers.

00:31:17.910 --> 00:31:19.910
They are places of immense struggle, disease,

00:31:20.069 --> 00:31:22.450
hazard, violence, but they are also places of

00:31:22.450 --> 00:31:25.150
incredible resilience and frantic economic activity.

00:31:25.369 --> 00:31:29.029
And the so what for the listener. Why should

00:31:29.029 --> 00:31:31.069
someone listening in a comfortable apartment,

00:31:31.309 --> 00:31:34.579
maybe thousands of miles away, truly care about

00:31:34.579 --> 00:31:37.740
this because the informal is becoming the new

00:31:37.740 --> 00:31:40.220
normal for a huge chunk of humanity we cannot

00:31:40.220 --> 00:31:42.339
pretend the western model of the 20th century

00:31:42.339 --> 00:31:45.000
city is the only reality and addressing this

00:31:45.000 --> 00:31:47.059
isn't just about charity it's about global health

00:31:47.059 --> 00:31:49.799
epidemics don't respect slum borders a virus

00:31:49.799 --> 00:31:52.019
bred in overcrowding can travel first class eventually

00:31:52.019 --> 00:31:54.839
it's about economic stability and fundamentally

00:31:54.839 --> 00:31:57.099
it's about human rights it's about the future

00:31:57.099 --> 00:31:59.400
of our species really If we are now an urban

00:31:59.400 --> 00:32:01.960
species and the slum is the main form that the

00:32:01.960 --> 00:32:04.779
city is taking for billions, then the slum is

00:32:04.779 --> 00:32:07.140
the future of humanity unless we actively change

00:32:07.140 --> 00:32:10.000
course. It is. And I want to leave you and everyone

00:32:10.000 --> 00:32:13.119
listening with a final provocative thought, something

00:32:13.119 --> 00:32:16.220
to really wrestle with. Lay it on us. There is

00:32:16.220 --> 00:32:18.759
an argument famously made by publications like

00:32:18.759 --> 00:32:20.640
The Economist that goes something like this.

00:32:21.059 --> 00:32:23.940
Good housing is obviously better than a slum,

00:32:23.940 --> 00:32:26.740
but a slum is better than none. That's a tough

00:32:26.740 --> 00:32:28.859
one to swallow. It feels almost like an apology

00:32:28.859 --> 00:32:31.160
for the situation. It creates a real tension.

00:32:31.259 --> 00:32:34.960
As cities continue to explode in size, are slums

00:32:34.960 --> 00:32:37.039
a temporary waiting room that we will eventually

00:32:37.039 --> 00:32:40.180
upgrade? Or are they the actual future of how

00:32:40.180 --> 00:32:42.559
the majority of the human species will live?

00:32:42.799 --> 00:32:44.920
And here is the real question I want the listener

00:32:44.920 --> 00:32:47.779
to ponder. We established that labor creates

00:32:47.779 --> 00:32:51.279
the slum people move for work. Can we ever fix

00:32:51.279 --> 00:32:53.480
the housing without fixing the economy first?

00:32:53.740 --> 00:32:56.200
Can we fix the roof? without fixing the wage.

00:32:56.359 --> 00:32:59.039
If the global economy relies on this massive

00:32:59.039 --> 00:33:02.380
pool of informal cheap labor, will it always,

00:33:02.579 --> 00:33:05.299
by necessity, produce informal cheap housing?

00:33:05.539 --> 00:33:08.519
Are the slums a bug in capitalism or are they

00:33:08.519 --> 00:33:11.140
a feature? That is a heavy, heavy question to

00:33:11.140 --> 00:33:14.519
end on. But that's why we do this. A huge thank

00:33:14.519 --> 00:33:17.180
you to everyone for listening to this deep dive.

00:33:17.400 --> 00:33:20.299
It's a complex and difficult topic, but hopefully

00:33:20.299 --> 00:33:22.619
we've peeled back a few layers today. Indeed.

00:33:22.740 --> 00:33:24.859
It's a conversation that needs to continue long

00:33:24.859 --> 00:33:27.019
after this. Keep thinking. Keep questioning.

00:33:27.259 --> 00:33:28.700
We'll see you on the next deep dive.
