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0 sats \ 3 replies \ @User21000000 8 Mar \ parent \ on: We need more cheap houses, and a huge offer of new houses/apartments. Construction_and_Engineering
That would be great if you work it out
What you need is a government composed mostly of engineers (like the Chinese poliburo) rather than a government (like USA today) composed mostly of rentseeking corporate lobbyists, real estate speculators and bankers cronies.
Before the neoliberal deregulation of banking in the 1980s commercial bankers had to be funding useful productive purposes- since the neoliberal market deregulation they can fund anything and its mostly been housing- causing the speculative debt fueled property price bubble you see all across the western world. Prior to neoliberal deregulation housing was almost entirely funded by non profit mutual providers removing the speculative and rentseeking that has developed since those regulations were dismantled by neoliberal politicians owned by bankers.
It is the MISUSE of fiat that is the major problem and driver of escalating house prices.
The MISUSE enabled by neoliberal deregulation of fiat banking.
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I am not keynesian pal, nor willing to have anything to do with govts, subsidies and sugar.
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Strong economies cannot exist without good government.
If you disagree show me where and when that has ever occurred.
Hpusing price escalation since 1980s are due to neoliberalisms capture of western governments and their removal of restraints upon the purpose for which commercial banks can issue fiat debt funding.
Restraints which restricted commercial banks to the issuance of funding for productive purposes.
Keynesian theory prohibits the misuse of fiat debt issuance that neoliberals have used to inflate housing prices making it a parasitic debt fueled ponzi scheme.
If you do not understand this you do not understand the nature of the problem and are very unlikely to find a solution to it.
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