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Joined 8 months ago
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Cake day: May 7th, 2024

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  • … there will always be a segment of the population that will only act when incentivized

    I’d argue that this is true of all the population but with the stipulation that “incentives” do not need to be monetary. I completely agree that capitalism is not human nature and feel that we’ve essentially brain-washed people to believe that money and material possessions are the reward when in fact it’s all the other things in life that actually matter. I believe that this thinking, which had lots of good reasons for existing during times of scarcity and paucity of resources, can be undone eventually. I think in a post-scarcity world (I’d argue we’re there) where it is normal for people to live fulfilled lives in significant comfort free from financial and work stress those few people who can’t shake the need to competitively accumulate will be rare indeed.

    Until then we have a huge problem: we have too much highly efficient prosperity for capitalist models to make any sense at all.

    Yes, I’m thinking of fully automated luxury communism.

    And thank you for your thoughtful comment. I enjoyed reading and thinking about your perspective.




  • So capitalism is “ok”… sometimes?

    If investments in stocks is “just as much capitalist behavior” then what makes investments in real estate somehow worse? Because you could literally be investing in companies that, as an example, seek to privatize access to water or healthcare or other things I would consider basic human rights just as much as housing. At a minimum all companies exploit the labor of their workers in parasitic ways.

    “feels a little less negative on the working class” is highly subjective. I can personally see no difference between owning real estate and renting it out vs investing in companies that exploit people in other ways. Many capitalist activities that you could invest in have extremely far-reaching and long-term adverse effects, some very direct, such as use of fossil fuels.

    So quite literally it feels like many complain about landlords as a kind of bogey man while the chemical plant down the road is giving their kids brain damage and another is denying them basic health care.



  • First up, so it’s clear, I actually agree with you. But I also don’t think this is an easy thing.

    If you’re aware of public and social housing then why are you asking how community ownership and management works?

    Because there is a hiccup in your logic as far as I can discern it.

    On the one hand you say: “of course all rental housing should be publicly owned.”

    And on the other, “I’m not certain that all housing should be public”

    So how does that work?

    1. How does the housing become public? That’s trillions of dollars worth of property. I actually got the figure of US$7 quadrillion but I don’t believe it. What’s more, 70% of the 19.3 million rental properties in the US are owned by individual investors, meaning you’d have to either confiscate or buy from millions of individuals. I mean, it wouldn’t make sense to just build all this housing if it’s already there. Maybe a combination? But where on earth does that money come from? And how do you convince people invested in a $1.4 trillion market to give up that income?
    2. So let’s say somehow #1 happens over some period of time. How then do you meet ongoing demand? I get what your saying - there are examples of this working (for some values of “work”) on a small scale but over the entire rental market?
    3. If the public via governments has paid for all this housing at current prices, how do we then ensure rents are low? Over time yes, we can forgo all but the bare minimum rent increases to match inflation, but initially we have to foot the bill somehow. Because presumably that money has to be borrowed and we have to pay interest on it on top of ongoing maintenance, etc - there are real costs involved.