Submitted by cogitator_tertius t3_ydg7ac in rva
Richmond92 t1_ituibul wrote
Reply to comment by [deleted] in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
You’re describing a libertarian lala land that does not exist and has not existed since the era of the Great Depression. And I don’t think I need to tell you why the Great Depression happened. If you had actually taken the “Econ 101” class you’re touting in this thread, you might have learned about cartels, market manipulation, and monopoly capitalism. These cartels are not abiding by some natural law of “supply and demand”. They have collectively taken control of the market such that they no longer need to abide by “supply and demand” economics.
Telling someone to “just move somewhere else” is the sort of argument a 16 year old libertarian kid makes when people start making points about the limits of unregulated markets. These 16 year olds have never had families or maintained jobs beyond 6 months at the baskin robbins. There is far more nuance to the economic landscape than the maxim of “supply and demand”, principally because that maxim doesn’t remotely reflect upon how the real world works.
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