3 ms·
Here we have the consequence of trying to solve poverty by making it illegal. Having raised the standard of living so high, on the notion of ending bad conditio
by ctdonath 10y ago
Here we have the consequence of trying to solve poverty by making it illegal. Having raised the standard of living so high, on the notion of ending bad conditions by simply prohibiting them, we now have to reverse regulations so people can live as they can at their level.
- pascalxus 10y agoRegulating away "bad conditions" doesn't get rid of the cost for it. It merely eliminates your choice in the matter, forcing everyone to upgrade. It's like, if you outlaw all car designs that don't have leather seats - all the sudden, everyone gets leather seats in their car, but they're still paying extra for it, whether they like or not. that's what regulation does in the housing markets, but much more extreme.