this post was submitted on 13 Sep 2024
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I think we have different definitions of value and I will not pretend to be an economic theorist, this is out of my depth. My argument comes from a very practical perspective of supply and demand. There is obviously demand for renting property otherwise it wouldn’t exist.
I do think that capitalism at large creates an economic barrier and if one is below the barrier it is difficult to build capital and if you’re above the barrier it is easy. Picking on just land-lording is only picking at one instance of some larger systemic issues that capitalism brings with it. This will not change unless the government adds regulations that add “fairness” to pure capitalism.
Supply and Demand are only part of the factor, they orbit around Value. What determines the price of a commodity when Supply and Demand cover each other? The answer is Value.
I pick on all of Capitalism, I'm a Communist. Landlording just happens to be the topic at hand. At that matter, regulations and "fairness" will never fix Capitalism, just make its worst aspects more bearable until it collapses under itself.
Isn’t this an argument that could be applied against communism though? Communism is government regulation to enforce fairness, if it can’t fix capitalism, why would it work in a communist economy?
Your comment reminded me of a quote about the Bolsheviks and the idea of communist "equality"
long quote
Fantastic quote, great reference.