Socialists had promised cheap community-owned housing, but there's a shortage. Radicals have solutions: .7. Allow squatters to occupy buildings. 8. Nationalize the developers and construction firms which are blamed for the shortage. 9. Seize properties from greedy owners.

Stages:.1. The government starts buying homes. 2. This bids up the price, harming new buyers. 3. Owners gain. Socialists call them greedy. 4. Socialists impose "fair" price. 5. Nobody wants to sell or build at this "fair" price. 6. Housing shortage.

With Venezuelan developers and construction firms afraid to build, Chavez bragged that he would use his oil money to pay Iranian and Chinese construction firms to build "Socialist Cities.".Then his oil money ran out before much could be built.

One reason that socialism keeps reappearing is that many people are blissfully unaware of the failures of the previous attempts. Even supposedly educated people like Mamdani.

What happened next:.

Wikipedia: "The housing shortage led to occupation of the complex by squatters led by ex-convicts in October 2007".

In the socialist housing shortage, squatters took over a huge unfinished office tower, the Torre de David. It was called the world's tallest slum. After a few years the government evicted them.

Mamdani: "We will gradually buy up housing on the private market and convert properties into community ownership.". Hugo Chavez tried this. It cased a severe housing shortage in Caracas. Construction ceased. Developers expected anything they built would be nationalized.

Leopold's Congo Free State is trending again. This thread is balanced and highly informative.

RT @cremieuxrecueil: Neanderthals might've been more capable, social, and inventive cooks than previously thought. As it turns out, they w….

RT @adam_tooze: The dollar is off to its worst start to a year in more than half a century. For more insight visit this morning's Chartbook….

RT @MoreBirths: Perhaps the most important fertility paper of 2025 just published, by Kearney and Levine. Surveying > 100 papers, the auth….

RT @Shiftant: Polygenic scores for extraversion. Really interesting. Is it true that Papuans are actually at the other end of the extravers….

RT @kunley_drukpa: REVIEWING EUROPEAN CITIES - COPENHAGEN 🇩🇰. Impressions from recent visit to Copenhagen and the ways in which the city is….

RT @Alethios3: This week's 'Public Service Podcast' features the co-founder of the legendary Samotsvety forecasters, @NunoSempere. We dis….

RT @jensenjeans: Tried to project the future GDP and GDP per capita using a model that predicts economic growth using population structure….

RT @chazfirestone: Cats like to sleep on the left.

RT @paul_hundred: If you had to cast a Muslim and a lesbian as talking British animals, you’d be hard-pressed to improve upon a scorpion an….

RT @kunley_drukpa: THE YOOKAY AS ART. A short collection of recent photographs of Modern Britain AKA ‘The Yookay’ which have artistic merit….

The Sanseito Party's main planks are anti-wheat, anti-vax, no masks, organic food, no American bases. Its support comes from the young, whereas most Japanese parties cater to the legions of elderly. Health-conscious youth as the base for Japan -style populism.