Quote:
Originally Posted by Coach
It's capitalism, baby. The invisible hand. There's no use in looking at things like rent control, affordable housing, public health care, mental health resources, UBI as more jobs become outsourced/replaced, or just the general idea that healthy happy people = healthy happy economy. That stuff is all socialist nonsense.
This is literally the design of capitalism. Things that don't work are left to fail. Except banks. Or fossil fuels. Or automakers.
It works in theory. Things that die are replaced by better things. But part of that theory is reinvesting corporate profits into the labour force, which has basically never happened, and the only way to make happen is strikes. It's not an accident we are seeing a bunch of those. There are a lot of people that live in these cities, working good and well-paid jobs, but are still getting squeezed out. Adjustments need to be made if the employers won't make them themselves.
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The biggest challenge economies are facing is the lack of access to capital by the vast majority of people. The issues have just as much to do with red tape, lack of social mobility, lack of new housing supply, etc.. as they do with large corporations.
If you go in with a totally anti-capitalist approach, you're just going to further strangle small business and concentrate wealth in fewer hands. We should be looking at encouraging entrepreneurship and competition, not strangling it.
SF is probably the most socialist major city in the USA.