Capitalism always wastes precious resources for the sake of profit.

  • rainpizza@lemmygrad.ml
    hexagon
    ·
    4 months ago

    One represents a conventional commercial corridor that features strip malls and ample parking; the other is a historical downtown street (both in Portland, ME).

    The comparison between both is that property taxes greatly subsidize having a parking lot rather than having developments that could be used for housing or anything else that could benefit the community. In other words, it is way more costly to actually produce value for people in general than producing a gigantic parking lot that only benefit car drivers.