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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by TheOtherHobbes on Monday March 06, 2023 @01:39PM (#35045541)
Are these outcomes unintended?

Hierarchies need hierarchy. Economic apartheid is one of the most common - and least questioned - ways to enforce hierarchy.

It's the usual problem of defining the difference between a progressive and a regressive economy. Regressive economies claim to be about "freedom" but in practice it's a very selective freedom that benefits a few small sectors and acts as a brake on innovation, development, and entrepreneurship for everyone else.

Consider all the businesses that could have been started by talented people currently spending all of their income on rent. It's a brittle, oppressive outcome.

Progressive economies rely on wealth redistribution to create something closer to a genuine meritocracy.

There's a whole PR industry devoted to denying this, but it's not a coincidence that the US was a powerhouse of innovation when redistributive taxes were at their highest. And has stagnated as economic apartheid has become more entrenched.

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by uoaei on Monday March 06, 2023 @08:24PM (#35050282)
> Are these outcomes unintended?

That's the crux of the political debates going on today. What kinds of values are represented by the status quo, and what kinds of values may replace a (retrospectively) naive approach to meritocracy.