Socialism is the fast--track to an affordability crisis
When you study economic models, it doesn't take long to figure out that socialism quickly leads to an affordability crisis. Though John Phelan's op-ed doesn't directly tie to socialism, it definitely highlights the difference between treating symptoms and fixing problems . In his op-ed, Phelan wrote "What can state and local governments do to alleviate this squeeze? One set of proposals is taxpayer-financed subsidies or tax credits for low-income households, but this is a misdiagnosis that doesn’t understand or tackle the problem. It regards the prices as the problem to be treated not as what they are: signals alerting us to underlying issues with supply of and demand for a good or service. These underlying issues must be treated to ease the squeeze on affordability." Socialism isn't a growth-oriented economic model. It's a redistributionist-oriented economic model. That means socialist models are based on scarcity of goods and services. Demand stays high...