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And then JPMC like all property developers will buy politicians to prevent even more housing being built to appreciate their existing assets. We know how this g
by jmyeet 4y ago
And then JPMC like all property developers will buy politicians to prevent even more housing being built to appreciate their existing assets. We know how this goes.
The uber-concentration of wealth and the exploitation of labor that we are allowing to happen is short-term thinking.
The #1 factor in homelessness by a mile is the cost of housing. Poverty is the most significant factor in crime. We, as a society, would rather spend billions on an overmilitarized ineffective police force to be "tough on crime" rather than address the systemic issues that lead to that crime.
The first stage we will see is a well-documented phenomenon called the alienation of labor where the people required to produce something cannot possibly afford it. Once that reaches housing (and some argue it already has) then we're in big trouble.
What comes next? War and revolution. These are the ultimate forms of wealth redistribution once wealth inequality becomes too extreme.
This country produces enough wealth for every man, woman and child to have shelter, food and health care, period. It is a political decision to let people die on the streets, starve or die from being unable to afford insulin. This is state violence.
A fairer distribution of wealth isn't just about the morality of providing for basic human needs. It's also about giving those increasingly-consolidated megacorporations customers for the widgets they sell and preventing the inevitable violent uprising that lies at the end of the road when late stage capitalism turns into neofeudalism.