You mean the prices are going up, so people can afford to keep the housing empty for more time to get a better price. That's not the same if you think about it.
A common misunderstanding, this. Economists in theory don’t focus on starting with the right set of assumptions, like any gentleman they instead focus on starting with the right set of conclusions. They then, in theory, argue passive-aggressively over why their model is The Right One using increasingly obtuse game theoretic models, usually with a drawing of two lines intersecting. The rest of the world? We simply shrug and ignore them.
Much like the the people ignored the idiot savants tucked away in medieval monasteries. At some point they become useful, like when the king needs to know what the nature of God is, who It approves and why it’s him and not the other guy.
Now that we've traded our warrior nobility for economic nobility, the neurodivergent and mildly touched ones are tucked away in academia instead. Pleasantly seperated from their subject of study. To figure out the nature of "The Market", and why it is, in theory, as Rational and Self Organizing as a medieval Thomist Universe.
And we are like the medieval peasantry who cannot understand an iota of what they're scribbling in their intimidating books. But we can see they're still fighting over It, just like they fought over resolving the philosophic contradictions of the faith.
It makes one wonder: what shape and mission will They have next? Will it be in explaining the actions of some sentient supercomputer, which both feeds and spanks us? Or which irradiated plants will take us beyond the Seventh Sphere, in theory? More at eight.
Is it propaganda though? Japan is more aligned with ‘the west’ not only in geopolitics but in the system of governance that was imposed upon it by via USA occuptation. Whereas China has a very different political system that is generally poorly understood and distrusted. Regardless, I don’t know where you’re from, but I see plenty of idolizing of China and how it manages to solve big problems at speeds unseen outside of mobilization in other parts of the globe. China-studies are a big thing at the moment. The positive view of Japan probably flows from its postwar boom years and popculture exports. China is at the moment being viewed with suspicion over its military buildup near Taiwan and creeping authoritarianism under Xi. This could all change again in the future depending on the actions China will take.
> but I see plenty of idolizing of China and how it manages to solve big problems at speeds unseen
This is actually a great example for extant romanticization of China. People lauding Chinese expediency in the context of industry and construction often don't realize it's almost entirely enabled by extreme underregulation and underenforcement of industrial safety standards. Chinese people themselves will often point this out, though depending on the person they may frame it more in a style of "The West is slow because of all of the red tape!"
Of the subset of Westerners who are aware of this, sometimes I have to balk at how many of them will take that framing to heart and paint it as a positive thing. Even most Chinese don't have a positive view of it, not in reality. At most it's a tragic necessity required to build China up, though younger Chinese rightly tend to see it for what it is: corporate exploitation of laborers.
Of course in the context of solving political problems, the Politburo readily cutting through its own invented problems is another matter.
Does it? I’ve seen Ezra Klein talk about his book and he talked about how bureaucracy is frequently a scapegoat for getting things done. Europe is very bureaucratic yet is able to build. The issue he called out is red tape yes but more so litigation by the private citizen. That any individual can stop an apartment being built because it blocks morning light into their flower bed
They're made possible because all but the most frivolous lawsuits are not disincentivized, but are in fact tolerated as a tacit, systemic feature by the state and the bar association. The example given is a stalling tactic. Stalling tactics also exist in China through property rights, it's a weird thing to hold up as contrast. Having a right to the house you own is such a fundamentally important thing to have in a society. That it can be abused because bureaucracy will tolerate it out of epistemic humility doesn't change that fact.
It’s hilarious to me all the progressives like yourself absolutely losing their shit over someone saying they want government to be more effective and accomplish things instead of just spending tons of money and nothing actually changing.
Can you please tell me which politician runs on making the government worse? No single electoral campaign has ever said "I'm running to make the government less effective." Trump ran on making the government more effective, Harris ran on making the government more effective.
Turns out you need more that just vague platitudes than "things should be better."
No shit dude. Welcome to the ground floor everyone agrees with.
This is why EK is such a fucking dork. Go follow some organizers with your preferred beliefs, that would do you better than listening to the smart boy thinking very smart things and if you disagree with the smart boy you aren't a serious adult.
> People lauding Chinese expediency in the context of industry and construction often don't realize it's almost entirely enabled by extreme underregulation and underenforcement of industrial safety standards
Kind of like Tesla's latest factories, or DR Horton building homes with massive problems from day 1?
Or Silicon Valley being a collection of superfund cleanup sites?
Or just the environmental pollution, in general, in Texas?
No one has figured out how to balance growth with safety. Ideally it shouldn't be hard, the total amount of money saved is pennies compared to the overall investment, but making everyone follow the rules via regulations ends to being a huge cost and time multiplier.
The more direct comparison is the blue collar working conditions throughout the west in the late 19th and early 20th centuries actually. It is true that environmental protections could be much better in the United States, did you assume I would disagree or find it shocking? Why?
> but making everyone follow the rules via regulations ends to being a huge cost and time multiplier.
The cost and extra time it takes saves lives. That's the bottom line. It's your attitude that gets people maimed and killed.
> The cost and extra time it takes saves lives. That's the bottom line. It's your attitude that gets people maimed and killed.
My argument, and I should have made it clearer, is that we are paying a huge penalty for people who are dishonest. The amount of money they save by being dishonest and endangering others is generally tiny, but the cost to society to prevent the dishonesty is huge in the form of regulations.
The author is a fascinating figure. Changed his last name from Carnagey to Carnagie for PR benefits and was a lifelong people pleaser. Keep that last thing in mind while you read.
Perhaps it’s naive but I really think that teaching critical thinking patterns to young teens can help. Just telling “don’t believe everything you read” can cut both ways.
Unfortunately, even people with good critical thinking skills will throw them out the window when their egos are on the line.
People don't become anti-vax because they applied invalid thought to it. They become anti-vax because they chose not to think about it at all. They may very well have the relevant skills, but they bypassed them because the anti-vax story tells them what they want to hear.
Now more than ever, they're provided with the tools to perform what looks like critical thinking. They "did their own research", and since you're not an epidemiologist, they believe that their research is every bit as good as yours. And arguably it is, except that you're not wedded to a conspiracy theory that the epidemiologists are bad people.
I'd love to see somebody try some experiments in teaching critical thinking and seeing if it helps. But it would not surprise me if it doesn't substantially cut into the number of conspiracy theories people believe.
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