134
submitted 1 year ago by Grappling7155@lemmy.ca to c/canada@lemmy.ca

by Karl Nerenberg • Rabble.ca

you are viewing a single comment's thread
view the rest of the comments
[-] BlameThePeacock@lemmy.ca 23 points 1 year ago

The thing everyone keeps forgetting somehow is that the goal of capitalism is to make profit, not improve quality of life.

The role of government is to regulate capitalism so that the profit goal and the quality of life goals end up being the same thing.

Unfortunately government isn't doing that right now because the number of people benefiting financially from this market distortion is larger than the number of people being negatively impacted. 65% of residential properties are still owned by the family living in them. That number will go down over time, and the government will bring in more regulation to re-align things, but we simply aren't there yet.

this post was submitted on 14 Oct 2023
134 points (99.3% liked)

Canada

7226 readers
489 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 4 years ago
MODERATORS