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Cake day: June 13th, 2023

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  • See? That’s where I get confused and I end up with the “that can’t happen” attitude in my head.

    If you abolish private property, then who has that property? Someone will always have some of that, at least. Let’s imagine that it’s seized, by whom? How? And why wouldn’t that be thievery in the eyes of those who don’t want it? Because if I want it to happen, then it would be relinquishing, but if I don’t it would be coercive, because I cannot pay anything to that person, otherwise it would become a “haver” against all of those “havenotters” that gave their property for nothing but good will.

    And then there’s the redistribution fact, of how to do that? Equitable? By some principle? Depending on who you are and are not, you get X o Y amount of “property”? And then it’s the issue of how do you measure that “property”? Because two cups of sugar can be of similar value, but not two houses. It’s not the same to live in downtown Manhattan than in the middle of Saskatchewan.

    Finally, who does that? We? And who is “we”? Who organises “we”? How is “we” not anarchist? And if it’s anarchist, how do we ensure it’s just?







  • No, that’s an effect of collusion and cartelization of the economy. It’s because you have very few actors supplying the product and the barriers of creating a similar product are too high, so new competitors cannot access the market. Then the current suppliers can sit on the product and wait for it to be at the right price, as long as it doesn’t go to waste.

    As you can see, all of this screens about real estate:

    • Cartelization/collusion: The aren’t that many companies that have properties on sale
    • High cost to enter: Building is pricey, and it depends on the location of the property more than anything. So a building in one neighborhood is not a direct replacement of a building in another neighborhood.
    • Real estate does not go to waste. Unless bad luck or poor choices, your building should work fine for a couple of generations. And worst case scenario, the land already has a price.

    This is the time when governments should intervene and come up with a proposal to solve the cartelization.