Unless they were in cahoots with the government to ensure housing prices remain high. I’m not saying that was the case back then but the incentive was always there.
Comment on Remember, kids! Unregulated capitalism is not your friend!
Fizz@lemmy.nz 3 weeks agoIts a states failure to protect its citizens but its not a commodificaton of poverty. Poverty has always had value and always been a commodity. They aren’t creating the poverty or the circumstances that would perpetuate it. They’re just fulfilling a need so its really no harm.
xavier666@lemm.ee 3 weeks ago
RememberTheApollo_@lemmy.world 3 weeks ago
What?
A modern circumstance would be refusal to raise min wage to a reasonable wage. That’s absolutely a circumstance abetting poverty. If you don’t believe in that, then unfettered capitalism is commodifying poverty and increasing disparity.
You either maximize rules and services to prevent poverty, or you allow exploitation to increase it.