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You say that as if efficient markets is at odds with poor people. When you look at an economic problem such as this, you almost always find that the culprit is
by ancap 11y ago
You say that as if efficient markets is at odds with poor people. When you look at an economic problem such as this, you almost always find that the culprit is some market intervention. In this case, the problem of high rents in relation to income usually results from building restrictions.
No, high rents do not result from a group of greedy, fat rich guys, who wear monocles and enjoy preying upon the poor.
- busterarm 11y agoI'm not saying that, actually. I'm just trying to point out that the majority of the comments in the thread are focussed on price inefficiency instead of actually being concerned with problems of poverty. But you raise a great point because _zoning_ is absolutely the biggest market intervention problem...and that certainly is a problem of greed.
- ancap 11y agoThere's nothing wrong with greed. Greed is why you choose job A over job B, partner Y over partner Z, and many other choices in your life. Compulsion is the problem. That's why being a mugger is frowned upon and being a mechanic, generally, is not. Both are greedy, or look out for their self interest. It is compulsion which makes building restrictions abhorrent. Similarly, it is compulsion which makes rent control abhorrent.