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Joined 2 years ago
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Cake day: June 13th, 2023

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  • That’s exactly what I’m trying to highlight. It might be good for the US to provide a list of things that are ok to regulate for the good of society, and things that are not ok to regulate for the good of capitalism.

    Should healthcare be regulated? Should education be regulated? Should housing and rental prices be regulated? Food prices? What about essential services like power, internet, waste… should all that be regulated? You are living in a social democracy and pretending it’s a pure capitalist system.


  • Sounds like you’re already well aware of the solution to this problem. Wage reform. Having said that, changing wages just lifts the affordability amount for lower income earners, which will in turn put upward pressure on rental prices. Demand won’t change, only how much people can pay. I’m not against regulation on rentals, it just seems very anti-American to do it that way?!


  • For clarity, I believe in socialism, and live in Australia, arguably one of the more successful social democracies. I’m trying to highlight how capitalism has some massive gaps when it comes to implementation.

    Interestingly, in Australia we have no rental controls, and the market just works. Prices rise and fall based on the demands of the market. At times, renting in Australia becomes unaffordable for many, and it’s all over the news, and people try to address the issue. But I don’t know that I’ve ever heard rental price controls being offered as a solution. The more common proposed solutions are to: build more affordable houses in newly created suburbs further from the city, increase public transport options to the city making outlying suburbs more viable, all of which provide downward pressure on the rental prices in the popular city districts. As construction booms, the rental market softens.

    (I copy/pasted this comment from its original location as the person I replied to deleted their comment)



  • For clarity, I believe in socialism, and live in Australia, arguably one of the more successful social democracies. I’m trying to highlight how capitalism has some massive gaps when it comes to implementation.

    Interestingly, in Australia we have no rental controls, and the market just works. Prices rise and fall based on the demands of the market. At times, renting in Australia becomes unaffordable for many, and it’s all over the news, and people try to address the issue. But I don’t know that I’ve ever heard rental price controls being offered as a solution. The more common proposed solutions are to: build more affordable houses in newly created suburbs further from the city, increase public transport options to the city making outlying suburbs more viable, all of which provide downward pressure on the rental prices in the popular city districts. As construction booms, the rental market softens.