(09-23-2023, 02:55 PM)Sneakers Wrote:

(09-23-2023, 01:29 PM)mikesez Wrote: I've thought about it a lot.  No new realizations are coming to me. What thought came to you? 
I mean yes there are other causes of homelessness but a shortage of housing that leads to a rapid increase in rent prices is the main one.
Classical ecoomics.  Read Adam Smith, David Ricardo, etc.  They were Conservatives, capitalists.  Are you?

Whether Smith and Ricardo were conservative or liberal is irrelevant because their economic theories are two hundred years out of date.  Their world didn't include the internet and intangible assets, industrialization, electronic money transfers, drug addiction, rampant crime, a world population of 8 billion, etc.

That's fair.  Conservative and liberal didn't really exist as concepts back then.  Religion and the role of the King were the big questions in the UK at the time, not economics.  In our modern American context  conservatives cite Smith and Ricardo while liberals tend to say that they are outdated or superceded.  
You're a bit off about their world. Internet, no. Intangible assets, yes. Industrialization, yes but only in Britian.  Electricity of any kind, no.  Large, rapid transfers of money, yes. Drug addiction and rampant crime, yes. (Have you read any Dickens? Apparently not!)  A world population of 8 billion, no.
But proceed.  Explain how the internet, global industry, and a larger overall global population have cancelled the law of supply and demand and the law of rent.  I might learn something today.

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