this post was submitted on 05 Dec 2024
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Canada
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Just a reminder, they're just better at being landlords. All landlords, every single one, is responsible for this, they were just too inefficient to raise rents this high this fast before becoming conglomerates.
I think this is such a dangerous misunderstanding, that abets financialization establishing itself in more Canadian industries, increasing the cost of living and wealth inequality. Your argument - explained analogically in a simpler context - is basically that the best boss and the most exploitative boss are essentially the same, from a worker's perspective, except the most exploitative boss should be regarded as better at their job. Unless you're in the oligarch class, why would you think this way?
You have to remember, when capitalists discuss "efficiency", what they actually mean is the efficiency with which they capture other peoples' money. The most efficient system is one that provides guaranteed revenue and incurs no costs.