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Musharbash left a meaty reply in the thread: In any event, my argument was also that three other factors — particularly financial policy changes starting in th
by NewJazz 1y ago
Musharbash left a meaty reply in the thread:
In any event, my argument was also that three other factors — particularly financial policy changes starting in the 1980s that deprived small builders of bank capital, helped Wall Street to exert control over large builders and impose production discipline on them...
https://xcancel.com/DKThomp/status/1951089471501508766#m https://xcancel.com/DKThomp/status/1951089471501508766#m
- Matticus_Rex 1y agoMusharbash's argument, however, is dependent on the exercise of oligopoly power (whether he admits that or not, and given that he's long argued that the oligopoly is present...), and there's no evidence of it! He tries to twist Lambert's words to say he's only saying there's no evidence of builders throttling at a national scale, thereby leaving room for his argument that it's happening in particular markets (https://x.com/musharbash_b/status/1951133245342404888 https://x.com/musharbash_b/status/1951133245342404888). The only problem? Lambert clearly isn't specifying a national scale when he says "US," because he then continues by providing an explanation for the local weakening seen in some metros. Musharbash seems smart enough to understand that, which leaves intentional misrepresentation. He's doing damage control, and hoping to wave his hands hard enough that it isn't noticed.
- NewJazz 1y agoPlease don't link to x.com, it is impossible to read a conversation there without an account.