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> the money will trickle down and everyone will be better off that's off-base and superficial understanding of "trickle-down" economics, the idea is that the g

> the money will trickle down and everyone will be better off that's off-base and superficial understanding of "trickle-down" economics, the idea is that the general well-being of society is based in its ability to create wealth which has a very general definition, the ability to create things that people need & therefore value and yes by pretty much any metric capitalism has raised absolutely enormous amounts of people out of crushing poverty, there's no dispute there based on the numbers housing is unaffordable due to government intervention, plain and simple, since government debased the money housing became a store of wealth

ath3nd 2y ago
> housing is unaffordable due to government intervention, plain and simple, since government debased the money housing became a store of wealth Actually, big amount of people think it's due to collusion of the big real estate firms + using pricing software + monopolization of the housing market by a handful of firms. https://www.theguardian.com/business/article/2024/aug/23/doj-realpage-lawsuit https://www.theguardian.com/business/article/2024/aug/23/doj... Luckily, the government (DoJ) will intervene and hopefully will break down the monopolies and sue them, which, plain and simple, are the reason for the housing crisis.
- robertlagrant 2y ago
  > which, plain and simple, are the reason for the housing crisis It's plain and simple, but not necessarily true. There are multiple factors. We build housing at a far, far lower rate than we import people, never mind organic population growth. That alone doesn't require any conspiracy theories to explain the reason housing is more expensive and subdivided into smaller units: demand is massively outstripping supply, and it's not a luxury. People just have to pay more for it.
- lurking15 2y ago
  > plain and simple, are the reason for the housing crisis we have decades of evidence that policy artificially raised housing prices into unaffordability, and of course everything else worth having that's also been involved with heavy government regulation has risen beyond the reach of lower and middle classes: health care, education, food. the obvious answer is that money has been debased which means that EVERY that's purchased with money will be harder to afford.
harimau777 2y ago
Capitalism certainly was an improvement over the previous system of feudalism; even socialists and communists acknowledge that. However, it's less clear that our current system (what people often call "corporate capitalism" or "late stage capitalism") is superior to other systems such as the "welfare capitalism"/"social democracy" seen in many European countries or the highly unionized capitalism America had in previous decades.

ath3nd 2y ago

> housing is unaffordable due to government intervention, plain and simple, since government debased the money housing became a store of wealth Actually, big amount of people think it's due to collusion of the big real estate firms + using pricing software + monopolization of the housing market by a handful of firms. https://www.theguardian.com/business/article/2024/aug/23/doj-realpage-lawsuit https://www.theguardian.com/business/article/2024/aug/23/doj... Luckily, the government (DoJ) will intervene and hopefully will break down the monopolies and sue them, which, plain and simple, are the reason for the housing crisis.

robertlagrant 2y ago
> which, plain and simple, are the reason for the housing crisis It's plain and simple, but not necessarily true. There are multiple factors. We build housing at a far, far lower rate than we import people, never mind organic population growth. That alone doesn't require any conspiracy theories to explain the reason housing is more expensive and subdivided into smaller units: demand is massively outstripping supply, and it's not a luxury. People just have to pay more for it.
lurking15 2y ago
> plain and simple, are the reason for the housing crisis we have decades of evidence that policy artificially raised housing prices into unaffordability, and of course everything else worth having that's also been involved with heavy government regulation has risen beyond the reach of lower and middle classes: health care, education, food. the obvious answer is that money has been debased which means that EVERY that's purchased with money will be harder to afford.

harimau777 2y ago

Capitalism certainly was an improvement over the previous system of feudalism; even socialists and communists acknowledge that. However, it's less clear that our current system (what people often call "corporate capitalism" or "late stage capitalism") is superior to other systems such as the "welfare capitalism"/"social democracy" seen in many European countries or the highly unionized capitalism America had in previous decades.