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by ahhhhhhhhhh 3224 days ago
...because these companies can just go somewhere else that won't pressure them, so when cities are faced with a billion dollar tech campus or none at all they often feel like they have to bend. Cities often even cut taxes to see big companies come into town. Capitalism will always win against public infrastructure.
1 comments

It's not really "winning" so much as finding an economic equilibrium (unless that's what you mean by "capitalism"). I think the problem here is the regulation that prevents the construction of new homes. If you remove that artificial barrier, housing costs could decline. Alternatively, the municipalities could tax the real estate developers who are profiting from the regulation, but if you can get that resolution to pass muster then there probably wouldn't be any regulation to begin with.
good point