Buying structural capital
There is always a detailed thought process that goes into deciding on renting vs buying a house. What are the short-term and long-term advantages and disadvantages of both and how do they affect you? It all depends on what type of person you are and what your long-term plans are. Let’s look at renting vs buying a house:
Renting ups and downs
Renting a house or apartment is mostly for people who know that their current situation isn’t a permanent or life-long one. Students are a perfect example of rental candidates as they only need a temporary residence. The landlord can be fairly certain that – unless they drop out of varsity or college – a year’s rental income is secured. Renting is also more affordable in the short term if you don’t have the large sum of money required for a deposit on a house. You also save money by not having to pay for maintenance or building insurance, which is the landlord’s responsibility.
Unfortunately, you don’t make any capital gains. Your rent payments benefit your landlord and ensure that his property loan is paid off. Your rent may increase 10% each year, but you don’t get extra space or any practical advantages out of this increase.
Source: South African Property Portal
International Dimensions of Organizational Behavior
Book (South-Western College Pub)
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But a participatory economy enjoys advantages in managing this trade off compared to capitalism. Most importantly, direct recognition of 'social serviceability' is a more powerful incentive to innovation in a participatory economy, which reduces the magnitude of the trade off since more innovation will occur in a participatory economy than in capitalism for the same speed of adjustments. Secondl... Economy. Forthcoming.
Levy, David. 1991. Book Review: Seeking a Third Way. Dollars and Sense 171 November 1991: 18-20.
Pramas, Jason. 1991. A Roundtable on Participatory Economics. Z Magazine July/August 1991: 73-74.
Weisskopf, Thomas. 1992. Toward a Socialism for the Future in the Wake of the Demise of the Socialism of the Past. Review of Radical Political Economics 24 (3&4).
Visions For A Better Future
by Michael Albert
LEFT ACTIVISTS ARE MOVED, first and foremost, by refusal to tolerate injustice. Still, a clear conception of improved social relations can help us understand injustices we oppose and visions, of more desirable futures can help sustain and orient struggles today. Well and good, but why should people activated by today'...mit only minor variations on oppressive themes. The set of possible human worlds is not one-dimensional and limited to the way we live today. We must keep thinking and talking about more desirable visions, and keep refining what we want. And it is important to keep strategizing about how to reach our goals. There is no other way to 'keep the dream alive.' And if the dream dies, there is nothing.
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- Explain structural capital