A blog about general, but mainly economic and political, topics.
Friday, July 30, 2010
Home ownership is advertised as a social good -- a means for giving residents a stake in their community. This is a euphemism for neo-serfdom. The last thing local governments and businesses want are taxpayers and employees who can easily look for better treatment elsewhere. To the extent a local population is bound to the land it is more easily subjected to a level of routine exploitation. This is the "benefit to society".