Author Topic: Economics Culture  (Read 9680 times)

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Offline Queefer Sutherland

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Re: Economics Culture
« Reply #30 on: September 04, 2019, 10:10:51 am »
1. If I nationalize GM, I don't have to nationalize Chrysler.  If I nationalize both of them I don't have to merge them into both companies.  Or maybe I can, and they compete with other modes of transportation like mass transit for your transportation dollar.

Ok well i guess you're a communist now, good luck with that.

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Who competes head-on with CostCo ?  They are roughly unique in their field.

Every single other place that sells food, clothing, books, toys, electronics, and car batteries.

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3. Now you're making the case against laissez-faire capitalism.  Keep going ! :D

Good because i'm not for laissez-faire capitalism. I've argued if automation makes businesses far more productive then tax the rich & their companies and redistribute the money.

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4. You're making the mistake of looking at a more recent phenomenon and attributing it to the system we have had post-WWII.    I would say we don't know exactly what is happening with the housing situation.

Rising housing costs = foreign investment, cheap mortgage credit post-2008 recession, continued increase in two-income families, domestic housing speculation (every other person has a damn investment property they're renting out), population growth + large-scale immigration where the vast majority are moving to large urban cities etc.  In short, mishandled or a lack of government regulation.

That doesn't mean we need to nationalize the housing industry & banks. It means we need better government regulation on the industry that prioritizes regular people over maximizing profits of developers, banks, investors etc.
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