like I live in rural montana where most of the population is reactionary and racist and it is objectively less violently authoritarian here than nyc
this post was submitted on 06 Mar 2024
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The MTA is run as a real estate interest that happens to also have a transit system
You did it, you just broke down almost EVERYTHING wrong with 21st century capitalism down to its bare essentials.
Look at McDonald's, it's not even a fast food company anymore it's a real estate company.
Oh, that's actually the cleverest bit, what keeps the whole enterprise running smoothly.
Running a restaurant, even one with the presence of McDonald's, is just not a particularly great business model. Costs, food labor maintenance ect, are high and profit is on average slim, prone to wild fluctuations. The real money is made in being the source of the costs, providing produce and meat, machinery and rental space. So, for nearly all of the company's history, McDonald's Corporation®(MCD) just doesn't bother with the restaurant end of things.
Franchiseeis just corporate-speak forbag-holder. In exchange for the profits of doing restaurant, the owner assumes all the actual risk of the enterprise. If it fails, it's own their head. (MCD) will still be there to rent the building and deliver patties to the next schmuck. If it turns out the location just isn't feasible? Liquidate it! It's all loss minimization.Bill Gates owns like more land than anyone.
Software man needs land?
Don't suppose we can form a coalition with Georgists? While they're still capitalist, at least their capitalism is leagues more bearable.