10 ms·
The problem is that it takes a strict authoritarian governmental control because you need to regulate the prizes of everything that's deemed necessary to preven
by HowTheStoryEnds 5y ago
The problem is that it takes a strict authoritarian governmental control because you need to regulate the prizes of everything that's deemed necessary to prevent subsidizing controlling third parties.
Take housing for instance: rent would rise a lot when people suddenly get x more. People pay because they have no choice so the x transfers directly to the controlling third party in the end, completely negating any possible benefit but for those already in a non-vulnerable position.
- staticassertion 5y agoI don't think rent control is the policy of a "strict authoritarian government". Regardless, I don't agree with you that rent would rise considerably or that it would negate any benefit.
- HowTheStoryEnds 5y agoWhy would rent not rise? Landlords know you have X more to spend now. Why would they not raise prices, altruism? You think that's their reason behind renting out property? Same with the telecommunications pseudo-monopolies: you really think they won't try and tap into that resource even if a little? Communications has become almost as vital as housing the last decade. Companies will do everything they can and the public is capable of paying to increase their revenue. Also: depends on how you define 'rent control'
- wlecometo 5y agoBecause people can decide to go live in another place, quit their job and get another one in the new place. One of the reason some people do not move is due to being comfortable and at travel distance to their job. Under this light you can see what happened to several European cities with high rent due to University: as soon as Covid made students go home to their parents as classes were online, there was a huge drop in rent prices.