2 ms·

I think you are citing a false equivalency. "Any profit = Greedy" isn't as tightly held on the Left as Free-Market principles are on the right. The proof is i

I think you are citing a false equivalency. "Any profit = Greedy" isn't as tightly held on the Left as Free-Market principles are on the right. The proof is in the pudding, which states have lost production of a service utility due to adhering to "Any profit is greed!"?

hn_throwaway_99 6y ago
Well, I'll give you a specific example I was thinking of. Nearly every economist agrees that rent control is a bad idea if your overall goal is to make more affordable housing available to the largest possible population [1]. Yet I consistently see arguments in my left-leaning city against increasing density (e.g. with large multi family buildings) as "those greedy developers". Even the whole "Cancel Rent" protests during Covid often portrayed landlords as greedy (literal) rent seekers, despite the fact that some of the largest providers of affordable housing are small landlords at risk of losing their properties. The overall effect of this demonization of profit motive is a severe, and in some places catastrophic, housing crisis. [1] https://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html https://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent...