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The more interesting side of it IMO, is this situation has all the markings of Capitalism actually working well. Housing is a scarce and expensive resource in M
by dcosson 8y ago
The more interesting side of it IMO, is this situation has all the markings of Capitalism actually working well. Housing is a scarce and expensive resource in Manhattan that people are willing to a pay a lot for, and a factory will likely function just as well if moved a few miles away where land is cheaper. If she sells it everyone is better off, and she makes a ton of money.
Yet just because there is personal sacrifice involved lots of people seem to be applauding her for not selling.
Edit: Anyone care to explain why if you're downvoting? I'm genuinely curious why people seem to think this is such a bad way to think about it.
- namlem 8y agoNo one has the moral right to monopolize land. Land is not the product of human labor, it should not be possible to hoard so much natural value. If people want to own land, they should have to pay a steep tax for the privilege.