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One of the original sins of the modern economy was sidelining unions and social programs as a path to upward mobility and installing property speculation in their place. 1/ This one is really quite a complicated collage so strap in.
Converting the distribution of shelter (a human right and necessity) into a speculative asset had far-reaching consequences, and an eventual violent rupture was baked in from the start. 2/
A path to prosperity runs through the appreciation of your family home (not through wage-gains and access to education, health-care and pensions) recruits a vast army of everyday wage-earners who will fight for any policy that pushes up real-estate values. 3/
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