4 ms·
I don't think it's fair to call out unions/government without calling out large capital investors as well. We wouldn't have suburbs or massive shopping malls wi
by heurist 9y ago
I don't think it's fair to call out unions/government without calling out large capital investors as well. We wouldn't have suburbs or massive shopping malls without huge real estate investors pumping money into major developments that exist to drain money out of a market. Large developments are a net drain on local economies and produce far less efficient markets than small incremental developments based on organic demand. There's a point where regulation and large capital investments are interlinked to prevent these markets from correcting, but the capital does plenty of damage on its own.
- rebuilder 9y agoIOW, if competition ensures efficient markets, i.e. low profit margins, then money spent on reducing competition is money well spent.
- closeparen 9y agoSince there is broad societal consensus* that capital should not be permitted to intensify urban environments, it had better build suburbs, or we’ll all be homeless. *with a little bit of scrappy opposition emerging in the last few years.