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It certainly takes something to look at a housing market where regulations enforce artificial scarcity and say that everything wrong with it is the result of ca
by DuskStar 7y ago
It certainly takes something to look at a housing market where regulations enforce artificial scarcity and say that everything wrong with it is the result of capitalism...
- Gibbon1 7y agoCapitalism is the reason that regulations exist. Apartments cost less than single family homes. Makes total sense for developers to get regulations passed that prevent that sort of competition.
- DuskStar 7y agoI mean, I suppose you could call regulatory capture 'capitalism'... But seeing as most people's response to 'capitalism failing' is to call for more regulation, I don't think that that's really fair.