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Comment Re:Regulatory control (Score 1) 79

I would say under-regulation, or more to the point, mal-regulation. Unregulated markets inevitably settle into a worst case scenario given time.

In the case of residential property (which is what your link refers to), I agree that some of the regulations there are bad and need to be revised or eliminated. But they have nothing to do with the commercial space falling into squalor.

Comment Re:Using an economic lens (Score 1) 79

I think they are holding out to sell the buildings at full price.

Never gonna happen. Full price was before 10 years of decay and rodent infestation + neighborhood gone to shit. Nevertheless, high supply, low demand is supposed to result in low prices.

What a nice idea! But then the commons are not only not commons, but they become properties and whatever herdsman gets the biggest herd will buy it all up and you get a monopoly.

One, how so if the agreement is ownership in common. And two, how is it worse than it all being owned by a (land)lord who rakes in the better part of the profit while considering herding animals to be beneath him?

Sounds like you drank the cool aid.

Comment A fake problem? (Score 1) 92

China's geezer party leaders probably got jealous of all the young whippersnappers having fun, so had to reign it in.

Theory is that's also why the Old Testament was written. "If my wanker no longer works, those wippersnappers are no longer allowed to snap their whips either! Parity of misery, Hallelujah, pass the wine!"

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