> (and high rent is a kind of giant tax on all economic activity, raising prices in shops, restaurants, etc.)
I’ve long pointed out to conversation mates IRL that for a technological civilization like ours, shelter costs are a straight deadweight, Tsiolkovsky rocket equation cost upon the innovation throughput that is the civilization’s lifeblood. In the U.S., healthcare pricing policies are as well, but that’s a different conversation. Both are stranded capital that need unlocking towards increasing the technological development pace.
But most people with mortgages are trapped like a monkey’s fist around a fruit in a jar, by the siren song of house appreciation.
I’d rather have fusion, life extension, solar system colonization, mind uploads and AGI sooner than be “rich” in real estate.
The purpose of capitalism is not technological advancement, innovation, or efficient deployment of resources. The purpose of capitalism is that rich people get paid for being rich.
If you believe otherwise, you will learn the hard way when you seek your reforms and find that none of the people spouting the high-minded capitalist rhetoric support the actions that would bring it closer to reality. In short, the monkey's hand isn't trapped. The monkey is masturbating into the jar. It knows exactly what it is doing and you will not be thanked for interrupting.
I’ve long pointed out to conversation mates IRL that for a technological civilization like ours, shelter costs are a straight deadweight, Tsiolkovsky rocket equation cost upon the innovation throughput that is the civilization’s lifeblood. In the U.S., healthcare pricing policies are as well, but that’s a different conversation. Both are stranded capital that need unlocking towards increasing the technological development pace.
But most people with mortgages are trapped like a monkey’s fist around a fruit in a jar, by the siren song of house appreciation.
I’d rather have fusion, life extension, solar system colonization, mind uploads and AGI sooner than be “rich” in real estate.