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Lisa Poole's avatar

The current blanket rezoning mania fits into this pattern. People are mocked and ridiculed for wanting to live in a house with a yard. They are called selfish and racist by the government officials trying to impose this unwanted policy. The way to atone is to renounce your “privilege”, even if you’ve worked hard to afford your home & are by no means wealthy you are called elitist. It’s bewildering. What’s the end game?

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Frederick Roth's avatar

Re your comment about productivity becoming irrelevant: one of my major observations about economics of the last 20+ years is that people are no longer actually required as producers, but only as consumers - to use that ever escalating consumption as the lazy-easy driver of purported growth. The obvious question: how are these people meant to consume without a source of income?

This dovetails with the modern economic era's lax attitude to unemployment, effectively accepting it as a norm (while still haranguing those on the dole). Remember when there was hell to pay for any govt that allowed it? Low unemployment figures would drive inflation, which would drive interest rates, which would ruin the asset-price speculation "growth" model, which relies on cheap central bank money.

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