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Utter bullshit. This is exactly equivalent to saying that imposing a socialist regime generates a post-scarcity reality. All things listed are classic socialist flags, none of which are attained by post-scarcity means, I can tell you that. And that's as true for the US today as it has always been for peronist Argentina.
Mark this words:
- There is nothing, and there will never be anything like "ultimate post-scarcity". Why? Because we permanently live in a post-scarcity reality relative to any previous period. Resources can not be exploited above demand, because there would not be enough money to finance their exploitation in the first place. The concept of "ultimate post-scarcity" neglects the calculation problem, and the consequences can be directly extrapolated from what happens at government level when bureaucrats have infinite money at hand.
- There is nothing, and there will never be anything like "UBI". Why? Because no one can give out sound money that he hasn't received from someone else. If it's printed, it will generate inflation, not "wealth". If it's not printed, then it has to be worked out.
- If a government acts assuming post-scarcity and enacts UBI, because there is no allocation calculation, any existing material advantage (if even) will be drained faster than it can be produced (no matter how fast it can be produced), and in the need to keep up the illusion of the promised utopia, the futuristic paradise will quickly turn into a low-key slavery system, pervaded by chonich and ever-increasing inflation and debt.
Time and time again, I repeat: learn from Argentina. This already happened to us many times: we have had two instances of fantastic economic gains, and in both instances two peronist regimes rose to power and evaporated those gains in the first year, no matter how massive the gold reserves were, no matter how massive our vast farmland production was. Then of course to keep up the illusion of unending abundance, both regimes enslaved half of the population, printed out thousands of times (yes, thousands of times) the monetary base, and amassed suicidal levels of unpayable debt.
Hey thank you, I should have noticed. I just read his last answer and the list-scheme plus final argumental contortion seals it. So, "you are exactly right!".
But this is what I said. You are saying it yourself: it's all about deregulation and allowing for a freer market. I see the post is yours. If you already knew about this:
- Why are you arguing that the opposite of what Austin did is what should be done?
- Why did you argue that "the market will undersupply that tier even in a freer regime" if in your article you prove that that's the opposite of what happens in reality?
Non rhetorical questions, I'm confused.
It does not repeal profit motive.
It's exactly the reason why it helps to lower prices. You DON'T want to repel profit motive if you want lower prices. If you repel profit motive, exactly what you described will happen: the lowest rents will still not cover cost+return, and the market will undersupply (which is exactly what's happening right now).
the market will undersupply that tier even in a freer regime
That is the exact opposite of how it works (of how anything works within the economy, to be precise). Only a freer regime can allow an increasingly affordable offer to rise.
But the deepest gap is usually where rents don’t pencil for new construction on their own.
This is precisely due to overregulation.
directly support deeply affordable housing
This is precisely what eliminating overregulation does.
You greatly underestimate the problem by calling overregulation "regulatory friction". It's not like "it's just a little more difficult". It's an insane burden which bears sole responsibility for unaffordability, both because of the direct and indirect cost increments it entails, and the limited offer resulting from the mass extinction of providers it causes.
Trump's directive, effectively, directly and optimally solves the deepest gap. Anything but what Trump just did would only fuel the problem.
Hi Sr! I have YakiHonne installed and all, but I'm not there yet because I would not be able to pay attention to it properly. Too many apps 😅
I just saw this message! I checked here when I saw the countdown was at 6hs, from the initial post I thought the time was 19:15 UTC, which was perfect. UTC 1:15 AM is still perfectly fine but I have a compromise for this night, I'm sorry Tomek 🙏
(i.e. no need to adjust the time in my case, actually it's better for me, but now I'm in sync😅)
This is no different from any other state position and will have just as bad results. From every aspect, any current state parasite is already living on UBI.
Always, always look to Argentina's past to know what's going to happen. We had the same thing here for decades prior to Milei. For decades, tens of thousands of "artists" were financed by the state. It resulted in nothing but an army of entitled parasites with absolutely no talent making plays to entertain themselves (because no one would watch them) and of course, devoting fanatically to praise the state and going against the "fascist capitalism" and etc...
...why... why is the lesson never learned...
Hey @itsTomekK, I have been very happy playing chess back again on lichess, I found the spice in it back again, thanks to you! Thank you so much :)
Take 1k as a token of my gratitude.
What are your thoughts on Milei?