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by moultano
2313 days ago
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Thanks for the clarification. If it's a definition that applies to literally every physical good in a market economy, then it doesn't have much explanatory power to explain why some things are cheap and abundant, and why some things are expensive and scarce. |
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I want to be clear here that I'm not making any value judgements with my statements about capitalism vs socialism/marxism, and I agree that the "commodification of housing" IMO doesn't explain why its expensive, but to be fair, the people making that argument are generally not making an argument on values (housing aught to be...), and values are kind of a "first principles" type thing that you can't persuade or prove wrong, they just are.
PS, if you're interested in learning more, the wiki article is nice: https://en.wikipedia.org/wiki/Commodification