4 ms·
> Local control means wealthy control We’ve known for years US central planning is in fact a kleptocracy [1]. So, “no”. Locals can always throw a monkey wrench
by atweiden 5y ago
> Local control means wealthy control
We’ve known for years US central planning is in fact a kleptocracy [1]. So, “no”. Locals can always throw a monkey wrench in any plan a far off bureaucrat makes for them, irrespective of wealth and power disparities. There are countless real world examples of this.
In addition, why should the wealthy be the only ones to object to high density housing as the one and only prescribed solution to housing affordability? Couldn’t the root of the housing affordability problem lie elsewhere, e.g. in investors who lack long-term residency parking their cash in inflation resistant assets? How about the lack of high speed rail networks, or human overpopulation in general?
[1]: http://www.princeton.edu/~mgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf http://www.princeton.edu/~mgilens/Gilens%20homepage%20materi...