Who told you rent control backfired? Cause that’s a lie. It was just never adopted as widely as it should have been, and rich owners always have the ear of lawmakers … the same can’t be said of poor/working poor people.
Capitalist/free market* economists.
Rent control works just fine in a more socialist model, especially when the government is a prime builder of housing without seeking profit, as almost every European country was during the 50s-70s. It’s only when government gets out of house building and everything gets privatisated and for-profit that rent control fails.
You may want to look at how rent control turned out there, and why Europe is broadly turning against rent control, and seeing it as a mistake https://www.bloomberg.com/opinion/articles/2021-03-02/berlin-s-rent-controls-are-proving-to-be-the-disaster-we-feared?in_source=embedded-checkout-banner
Don’t know if you’ve noticed this yet, but the United States has a capitalist economy.
The author of that article is Megan McArdle. A quick look at her other articles:
- An article that attempts to shift blame away from media execs and onto consumers, in response to the writers/actors’ protests
- “Higher minimum wages may increase homelessness” (literal article title)
- Says we shouldn’t expect to keep taxing wealthy people
- Wants to reduce medicaid but conveniently doesn’t mention the amount of death poor people will experience as a result of that, using the same austerity justifications we’ve heard in Europe already (that turned out to be bullshit)
I’m sure she has no right wing economics bias lol
Putting all your faith in economists whose sole purpose is to back the current capitalist shitshow that rapes the land and kills the poor is a strange take.
But you do you I guess.
