Summary
A 24-hour general strike in Greece on Wednesday shut down transport, schools, and government offices as workers protested high living costs.
Unions are demanding a 10% pay raise and the return of holiday bonuses cut during Greece’s financial crisis.
They accuse Prime Minister Kyriakos Mitsotakis of not doing enough to tackle inflation, despite recent minimum wage increases.
Hospitals operated on emergency staff, while protests and marches were planned.
Many say wages have not kept up with the rising costs of energy, food, and rent.
I’m far from a “the free market solves all!” Type of person, but this is more likely due to government intervention, with zoning laws that restrict the density that can be built in certain areas, rather than a problem with the the free market run amok.
Like it’s insane that nearly 40% of the land in San Fran is zoned for single family. This is government doing, not the free market.
We need more housing to alleviate the problem. But what we also need is a mindset shift of the everyday person that they aren’t getting a 3k sqft house on an acre of land.
There’s one common denominator across international lines. It’s rent seeking capital looking for a free buck. The zoning laws are literally just regulatory capture of that rent seeking mentality. They’re a symptom of the fundamental problem. The one thing too many refuse to see is that this is not a strictly corporate phenomenon. There’s all kinds looking for “passive income.” Rent seeking is the new American dream, as Trump shows. And it’s not exclusive to us.
Can you show me a state that has no zoning laws, or something similar, that is also having an issue with housing prices?