RE: Housing Industry Association Says Housing Supply Stuck, Boost Mass Immigration!
@minismallholding. Thank you for your comments and I agree that there is enough and it is disproportionately aimed at one group. But my comments are that capitalism in facts needs this imbalance in order to thrive. Think about it, people in the west are not sold on having enough to be comfortable, we are constantly benig pushed to have more than enough. We already have enough but instead are pushed a new iphone every 9 months and a new car ever 3 to 4 years. This is what drives growth. In order to maintain this agenda, there has to be an imbalance. This amount of consumption by the world is impossible.
Capitalism has this built into itself and it is self-perpetuating. In a business, you can only remain successful if you both increase revenues and reduce your own spending. There is no such scenario in capitalism. As a result it only pushes increasing revenues and increasing spending. Look at the governments and how they operate. No one ever talks about slowing down even though we have too much crap already.
So yes a balance is needed, but also a different mindset because all we currently do is create bubbles and then create bad solutions that push the ball down the road but never solve anything. This cannot go on indefinitely. And in the meantime, the lowest in the western countries get less and less. All in the name of unabated consumption.
There are no easy answers but the answers must include some sort of shifts in policies and thinking by those who have so much. Historically, these types of situations cause revolutions followed by periods of extreme chaos. Let's hope it does not come to that. Thanks again.
Yes, we do seem to go in cycles. Lets hope that we also evolve and learn from each one, although I don't see it happening in my life time.