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I'm not sure that I follow you here. I wasn't talking about what private equity should do at all, they can gamble money however they want. I was responding to

• fragmede 1y ago
  I was responding to > trusting every individual to do what's best for them (and trusting that decision to often include what is best for their community) which hasn't, in my view, panned out, because of the reasons I outlined in my comment. Between trusting individuals to be altruistic and centralized planning of everything, it seems there's a lot of room for some central authority to decide we need more eg housing and to provide incentives for that, without becoming eg Soviet Russia.
  • _heimdall 1y ago
    Oh I wasn't actually trying to say we should expect people to be altruistic, expect them to be selfish. Selfishness just bleeds over into community at a small scale, I'll help a neighbor not because I'm supposed to but because I appreciate their company and like knowing that others in the area may be similarly willing to help me if I need it later. Central planning for housing hasn't worked well, at least in the US. We either over develop poor quality housing or over regulate and drive prices up. Occasionally we try to make affordable housing to help those in need, but the combination of where we build those projects and the bar we try to define for who can use it leads to bad results more often than not.