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Which is another form of non free market. It's just whether you want the rules enforced at the level of housing co-operative, community or the state government
by mehwoot 10y ago
Which is another form of non free market. It's just whether you want the rules enforced at the level of housing co-operative, community or the state government.
As you move up the levels, the market becomes less free (easier to move to a different apartment block if you don't like the rules than to move to a different state) but becomes far better at protecting against the negative externalities (housing cooperative doesn't have the same enforcement capabilities as local or state governments).