They need us. They need us buying the cars. They need us lined up in the drive thru. They need us to drive past the ads. To swing by the store after work.
The technology is for them. The revolution is for them. The freedom is for them. The leisure is for them. To stroll through the store on Tuesday morning.
They also need commercial real estate property prices to stay high. Demand for commercial real estate drops and the values therefore drops and the bank is stuck holding the bag for a lot of these loans.
So get back to work for your company and go to the office to the bank doesn’t fail!
It’s this. I work in commercial real estate. If a “goes dark” (stops doing business at the location), property owners can have loan obligations such as as cash management (the bank receives tenant rent checks directly instead of the person who owns the property). This happens even if the tenant is still paying rent because if office in the strip mall closes, no one goes to the restaurants and in turn they can’t pay rent either.
Personally, I disagree with this. This feels like we are forcibly propping up this system instead of letting it evolve naturally. I think we should let those corporate zones die and move restaurants and shopping closer to residential areas.
This feels like we are forcibly propping up this system instead of letting it evolve naturally.
Crony-capitalism in a nutshell.
Literally, this is the inevitable result of failing to properly regulate the market: it gets regulatory-captured by the big corps to prop themselves up instead. This is what laissez-faire always devolves to, by its inherent nature.
Why would the government want to regulate it? They set themselves up to collect taxes by location. They won’t risk disruption of sales tax in those jurisdictions.
They need us. They need us buying the cars. They need us lined up in the drive thru. They need us to drive past the ads. To swing by the store after work.
The technology is for them. The revolution is for them. The freedom is for them. The leisure is for them. To stroll through the store on Tuesday morning.
We’re the resource. They’re the consumers.
They also need commercial real estate property prices to stay high. Demand for commercial real estate drops and the values therefore drops and the bank is stuck holding the bag for a lot of these loans.
So get back to work for your company and go to the office to the bank doesn’t fail!
It’s this. I work in commercial real estate. If a “goes dark” (stops doing business at the location), property owners can have loan obligations such as as cash management (the bank receives tenant rent checks directly instead of the person who owns the property). This happens even if the tenant is still paying rent because if office in the strip mall closes, no one goes to the restaurants and in turn they can’t pay rent either.
Personally, I disagree with this. This feels like we are forcibly propping up this system instead of letting it evolve naturally. I think we should let those corporate zones die and move restaurants and shopping closer to residential areas.
Crony-capitalism in a nutshell.
Literally, this is the inevitable result of failing to properly regulate the market: it gets regulatory-captured by the big corps to prop themselves up instead. This is what laissez-faire always devolves to, by its inherent nature.
Why would the government want to regulate it? They set themselves up to collect taxes by location. They won’t risk disruption of sales tax in those jurisdictions.
It’s turtles all the way down.