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If supply proves too difficult to increase, why not try reducing demand? Or course that would be unpopular with the infinite GDP growth folks but sooner or late
by Mountain_Skies 7y ago
If supply proves too difficult to increase, why not try reducing demand? Or course that would be unpopular with the infinite GDP growth folks but sooner or later will have to be confronted. Seems like the entire political spectrum supports infinite growth even if it manifests in different ways in different political parties.
- chobeat 7y agoDe-growth movement and accelerationism don't. I guess anarcho-primitivism doesn't either but they are not really active in mainstream politics.
- sdinsn 7y agoBecause in a global economy, countries are competing against each other. If Canada slows down, other countries will catch up and eclipse them.
- rightbyte 7y agoHow is that? Canada got an army and if they slow down they will keep their maple trees just fine. There is no need to play a economy arms race just becouse.
- teunispeters 7y agoA good way to reduce demand is to both vastly increase the amount of identity reported in real estate (especially for out of country buyers) as well as to have foreign ownership taxes. it would crash the BC economy hard though. There's very little left there that isn't driven by foreign purchases. (quite a lot of it illegal in their home countries, eg the USA)
- mistermann 7y agoProposing reporting on the amount of foreign cash in the real estate market gets into the racism category, and that can spell a quick end to a successful career in politics.
- TMWNN 7y agoI thought money from China (legal and illegal), not America, was driving BC real estate.