Re:Monopoly was invented to demonstrate the evils of capital...
by WalterBright on Wednesday February 26, 2020 @07:34PM
(#22429137)
Ones where government zoning and regulation prevent any change, sure. But you can't really blame the marketplace for that.
Re:Monopoly was invented to demonstrate the evils of capital...
by fzeroracer on Wednesday February 26, 2020 @11:12PM
(#22430381)
There is no such thing as a free market for housing, because the only thing stopping someone else from squatting in your house and telling you to get bent at any time is the government.
Land is inherently limited, and becomes more limited the higher the population concentration. Eventually this can lead to things like AirBnB and other rent seeking behaviors in the absence of government intervention leading to gentrification.
Re:Monopoly was invented to demonstrate the evils of capital...
by WalterBright on Thursday February 27, 2020 @12:40AM
(#22430831)
> because the only thing stopping someone else from squatting in your house and telling you to get bent at any time is the government.
You're suggesting the government is anti-ethical to the free market. On the contrary, the government is required for a free market. The role of government is protection of property rights and contract enforcement.
> Land is inherently limited
Land use, however, is not limited. For example, building a 10 story building increases the amount of usable "land" by a factor of 10.
Sounds pretty much like the housing market where I live.