Posts: 690 +553
And in real life as well.In *theory* Capitalism works
No he didn't. My copy of "Wealth of Nations" is only a few feet away; if you believe otherwise, please cite a page reference.Even Adam Smith noted that cases like these required direct intervention
And you feel this proves what? That, if you put a million-dollar house up for sale in metro SF, you should allow a few homeless people to live in it while waiting for it to sell?there's literally places (SF) where there are four times the amount of empty houses as there are people living on the streets.
Odd then that New York and San Francisco, both of which institute rent controls and have the heaviest regulated housing market in the country, also have by far the highest rents. Not working out too well for them, is it?The only reasonable way to bring prices down is to undercut the market directly
You mean the '70s style socialism that Scandinavia tried and abandoned long ago?Hence why European/Nordic style Socialism is getting so much attention these days.
Forbes: Sorry Bernie Bros, But Nordic Countries are not Socialist.