2 ms·
But that is the same thing! The rent reflects maximum profit that can be extracted at a particular place. If some other business is able to pay the rent, the re
by anovikov 1y ago
But that is the same thing! The rent reflects maximum profit that can be extracted at a particular place. If some other business is able to pay the rent, the rent will be higher than a pub can afford.
- deleted 1y ago[deleted]
- toss1 1y agoNo, it is not the same thing. Money is NOT the entire (nor even accurate) scorecard for all things. The "free market" is not the best solution to all problems (e.g., start with the Tragedy Of The Commons, which "free markets systematically exacerbate). Just because the external benefits of a more cohesive society and pleasant neighborhood cannot be full monetized does not mean they don't exist or there is not much more value there than appears in your idea of profit. Tautologically using profits as the measure of value is idiotically reductionist.