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by ndsipa_pomu
914 days ago
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Well, I do think differently and I believe that Capitalism is pushing humans to the brink of destruction as it provides a strong incentive for people/corporations to exploit resources as fast as possible. The Airbnb problem highlights that free markets shouldn't be applied everywhere as there's often important considerations that go beyond just making someone some money. > The free market is efficient at creating competition to drive down the costs of goods and services and drive up the quality(in theory) I know that's the general belief of free markets, but in reality the size of businesses counts far more than their efficiency or quality. Arguably, we don't have free markets as that would entail people having sufficient knowledge about the products/services and that just doesn't happen as the people with the most money can easily influence people (e.g. marketing, advertising, buying news services etc). |
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It's not really differently in any way, I'm on the same page as you.
Capitalism is mostly driven by greed to amass more wealth, and real estate is a finite form of wealth.