alt Hacker NewsThis is really the message of Abundance.
I both liked Abundance and think there’s truth to what you’re saying.
But it wasn’t what I took away from the book (perhaps it was in there - but what I really got was ‘for a better future we need to stop shooting ourselves in the foot, and be prepared to enthusiastically think of and promote the greater good rather than protecting every single valuable individual thing’)
I mean, I agree with what you're saying, but it misses that abundance means abundance. Consumer staples should cost near the price of production, and where margins are out of control, the government should step in and end the rent-seeking... that is what abundance is. If we live in a society where there is no price appreciation in owning an apartment to rent because another apartment can be build next door, then we live in a society where your dollar goes further, and cannot be captured by the wealthy cornering the market.
What we have now is the opposite. We know that housing demand will rise in the future, simply because there will be more people. Instead of the rich investing in housing production to meet this need, we have the rich investing in existing housing because we have effectively stopped production, thus the rich can capture all that value in price appreciation from rent-seeking alone (technically more of it), instead of wasting their time operating a business that builds things.