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mrlegend123

PRS Free Market Principles

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The rental market isn't and never has been a free market, since it is based upon forcibly excluding people from land. 

If land were a free market, land owners would pay people to stop them 'trespassing' but they don't.

Landowners are extracting wealth from the population by force. Ultimately, all the problems with land flow from this. 

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11 hours ago, mrlegend123 said:

Do you think the Private Rental Sector (PRS) has become detached from ‘free market principles?’

 

There can't be a free market in the PRS when rents are subsidised by LHA.

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2 hours ago, sPinwheel said:

What's so great about the free market.

Nothing.

Adam Smith's stabilising hand is not to be be found in dynamic or stochastic models of markets, nor is it present in the observed motions of real asset prices (auctions don't count, the process of tatonnement is obviously directed by an auctioneer). Evidence for the stability of prices in free markets has never been established. On the contrary, the near-collapse of the world's financial system in 2007-8 through the agency of a wholly unregulated network of shadow banks and derivatives brokerages is prima facie evidence of the instability and inefficiency of laissez-faire.

Edited by zugzwang

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