

Great insight, and really this is emblematic of the idiotic hyper-focus on growth, as much and as quickly as possible. It’s always better for society and broader stakeholders if growth happens organically. Growth should happen to satisfy growing demand, it should not be forced to go as fast as possible because there’s ridiculous money to be made by getting in early and inflating demand.
Every damn thing “investors” get a fuckin whiff of they ruin this way, housing being probably the worst (repeat!) offender. We have to figure out how to disincentivize this behavior. It guarantees toxic trash for industries in their wake and just further enriches the worst among us.
Edit: clarity
Couldn’t agree more. There is no solution to this exploitative pattern that doesn’t involve drastically curtailing the profits made by participating in the pattern. The details matter obviously, but the situation is really that simple. There’s no solution for us that doesn’t require ending the rewards of this behavior for them.