Because the western world (and rest of the world following western world) has one rule (the only rule): make the super rich richer, everything else is just marketing to accomplish that.
Home prices are completely out of reach for most people in UK, Canada, New Zealand, Australia (coming soon to a country near you!). You're overpaying to live like a 1920's postman: https://www.youtube.com/shorts/tGPHcteG9dY
Create artificial scarcity (by zoning, monopolies, regulatory capture), buy assets (never have to improve any assets because there is no competition, no functional market of competitors producing better housing), extract wealth forever by maximizing rents and asset prices.
Housing shortages aren't a result of some nefarious plot to make the super rich richer.
It's more complex than that. We need to build more housing, and there are various reasons why that isn't happening. Many of them are well-intentioned and even good (high safety standards dramatically increase the cost of new buildings).
In practice, it turns out not to be true. I am speaking for the US which I know better.
Many environment protections are farcical. (SJ earthworm fiasco). Many building regulations are intentionally difficult with little added safety (2 fire exits). Avenues for litigation and local activism increase delays and costs. Widespread demarcation of cities as historic (despite being run of the mill post war builds) makes redevelopment impossible.
I don't particularly care about intentions. I'm sure Mao thought he was doing the right thing by shooting down sparrows.
The outcomes matter, and the outcomes mean supply crunch, cost inflation and massive weather transfer to home owners (old and rich) from home buyers (middle class and young).
Ah, the classic "good intentions" argument. Picture this: a well-meaning monkey sees a fish struggling in the water. Wanting to help, it pulls the fish out and lays it in the sun to dry. Proud of its good deed, the monkey beams with satisfaction—proof of its altruism! In the monkey world, it's now a hero, basking in praise for its selfless act. Monkey does a TED talk how we can save billions of fish, signs book deals, influencer deals, shills for scams, and so on.
On the 'high' standards: It is all wooden sticks and drywall, completed by 2 minimum wage unskilled labor with a nailgun. None of the homes in US withstand anything, insurance keeps going up. If standards are high, why is insurance going up significantly?
Interest rates have gone up and housing prices haven't changed much. The average monthly mortgage payment for 20% down 30 year fixed mortgages have shot up though. Something makes me feel like it's not just interest rates.
Are you being sarcastic? Housing is a good example of how people fail to understand supply and demand. People usually talk as though supply and demand are fixed quantities rather than curves against price.
The defense budget is a subsidy to oil companies to protect oil supply chains and pipelines. Which rich person/companies assets are being protected on Mars? Tax money is spent mostly as a direct/indirect transfer of money to the super rich while using words to manipulate the gullible: security, defense, laws, etc.
AI is going to do jobs like radiologists, so humans can work at McDonald's or be bartenders! I mean, the pouring drinks part of it, the conversational skills of an AI bartender will be superior to those of humans!
Tariffs lower the quality and increase the prices of domestic substitutes. There is no competition. Tariffs are how business is done in third-world countries like India. Production of everything is banned/controlled, except for the few buddies of the government in power.
Musk's companies are hype stocks. Today's many successful tech companies run because of the commodification of x86 hardware, allowing them to build massive data centers, run cheap ad platforms, provide things like YouTube, etc, for free. All of this was because of Linux, which Linus Torvalds created. Before Linux and commodity x86 made it reliable and useful, every company had to pay Sun/IBM exorbitant amounts. In no conceivable universe has Musk created more value than Linus. Yet, Linus is not a billionaire.
Most businesses are funded by taxpayers, either directly or indirectly. Elon Musk is a billionaire because of DOE funding, or there would have been no Tesla today.
By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his money to the company.
In June 2009, Tesla was approved to receive $465 million in interest-bearing loans from the United States Department of Energy.
And its going to be fine. Amish mostly make everything they need, have no debt, no trade deficits, have lots of kids and are thriving. I'm not saying this to be snarky, all Americans can be as happy as billionaines: https://www.businessinsider.com/if-you-want-to-be-happier-sh...
"Is it possible to step off the hedonic treadmill? The best approach involves silencing our desires, restraining the insatiable appetite of our dopamine neurons. This is what the Amish have done. They have learned to live without modern consumerism. They don't use cars, reject the Internet, avoid the mall, and prefer a quite permanence to heady growth. The end result is a happiness boom. The Amish turn out to be as satisfied with their lives as members of the Forbes 400. Furthermore, their rates of depression are more than ten fold lower than the rest of the American population. The Amish are content because they have learned to ignore their dopaminergic pleas for more." https://scienceblogs.com/cortex/2007/03/16/happiness-wealth-...
What would happen if everyone lived like the Amish though? I’m assuming they are still profiting from modern science they wouldn’t be able to come up with, right? Or are they refusing MRI scans and Chemotherapy too?
I think the point wasn't that that specific example scales to the whole nation but more that if that specific example works as well as it does at the scale that it does than surely some middle ground between "import basically every consumer good" and "the amish" would scale to the entire nation with acceptable tradeoffs.
My theory is that all our modern junk doesn't necessarily cause depression, but it allows us to take on more chronic depression and other mental problems (distraction, dopamine hits, etc.) Like the way added safety features to cars just caused drivers to drive worse to compensate.
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