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>>but they didn't price in the risk of technological innovation like AirBNB Actually that's what they did, since residential usage like AirBNB is generally aga
by wavefunction 13y ago
>>but they didn't price in the risk of technological innovation like AirBNB
Actually that's what they did, since residential usage like AirBNB is generally against zoning in these areas.
And you're focused on the selfish aspects of property rights without considering the benefits towards the commons they can confer, like keeping quiet residential areas quiet residential areas rather than high-traffic transient areas just because someone threw up a website.
- VladRussian2 13y ago>Actually that's what they did, since residential usage like AirBNB is generally against zoning in these areas. you're missing my point that property rights and laws(zoning) change with (in response, forced by) technological development and innovation. >And you're focused on the selfish aspects of property rights without considering the benefits towards the commons they can confer again, my point was that specific property rights have their time when they are actually helping advancing the civilization, yet they are meaningless before their time and delay progress after. As AirBNB helps more fully utilize buildings, it seems it is a plus for civilization and the laws/zoning preventing effective use of resources start to become obstacles in the way of progress.
- euroclydon 13y agoYour comment didn't provide any support for the notion that property rights evolve in response to innovation. Ending slavery is more of a moral awakening. In fact, Wikipedia claims that the cotton gin, invented in 1793, actually led to more slavery in the South.