34 karma · joined August 6, 2021
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You mention this in a discussion about Bernie Sanders? Probably the politician with the most single-minded focus on class politics in the country
https://apexlg.com/are-the-managers-of-traditional-corporati...
There is a difference between making a profit and maximizing profit. A publicly traded company is legally bound to do the latter.
Let's be clear here -- regardless what you think of the Chinese government, they are far from a "capitalist economic model". Many major industries are nationalized, the state plays an enormous role in the economy. 60% of their economy by market cap is state-owned. It isn't Soviet-style or Mao-era socialism, but it is still a very different system than western capitalism. It's similar to the NEP era in the USSR (1921-1928)
> Mr Shellenberger thinks they are on the streets in part because of a “housing-first” approach, which holds out for permanent, individual homes at the expense of building enough temporary accommodation.
So his approach is that San Francisco should have third world-style slums?
The solutions are simple: rent control and public housing. There just isn't political will for these policies: wealthy real estate investors fight them tooth and nail.
Neither would exist without massive government-led taxpayer-funded investments, made during an era when inequality was far lower than it is today.