Comments by "Mat Broomfield" (@matbroomfield) on "The Mine Disaster UNDER The Ocean" video.
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@EarthIsNotFlat Before the era of the stock market, the business model was to calculate the cost of production, add a profit margin, and that was the price you charged. Where's the evidence? The fact that houses are no longer affordable. The fact that the past world did not exist in a state of constant financial crisis. The fact that profit was not designed to feed shareholders who required never ending growth. The fact that the world was full of small businesses, not a few mega corps who own 99% of all manufacturing.
"if the counterparty doesn’t like the price they’re free to walk away and not complete the transaction"
How naive are you? If it's food, housing, fuel, electric, internet - where do you go then? What if you've captured the entire market? What if there is simply no choice because you work in a rarified market such as drug manufacture? What if you are constrain by urgency or proximity in your choices? And that's to say nothing of companies who buy the politicians to artificially limit your choices, such as drugs in America.
As for your comment about souls, being deliberately obtuse doesn't improve your argument.
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@EarthIsNotFlat I do not compare my standard of living against that of the entirety of history, and regardless of when you live, being exploited is still being exploited.
In the UK, housing prices are fine in places where people don't want to live - far from population centres, amenities, public transport, etc. I don't know to what extent immigration is a factor - for a chunk of the recent decades in Britain, more people emigrated than immigrated. Placing national restrictions on where councils can build, and preventing them from using the money raised from right to buy sales has not helped.
In our cities, as with America, vast amounts of property is either owned by the mega wealthy, or by investors buying houses purely for profit.
Sadly, the very people enforcing the rules, are directly or indirectly associated with the very monied interests that you refer to in your second paragraph. Wolves farming the sheep.
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