An Economic Pattern Anyone Can Grasp
This is a companion piece to my article running right now at substack. I suggest you read both.
Here we go:
You take a rundown city neighborhood; high crime rate, poverty, buildings boarded up, rats, roaches, broken streetlights; and you buy up the whole area at a bargain basement price.
You tear down everything and you put up new buildings and you clear out all the residents—and you bring in new renters and owners. Now you’ve got nice apartments and cafes and art galleries and bike paths.
This is called gentrification.
Then you enact bullshit claims about a pandemic, you lock that neighborhood down, businesses close, many renters and owners go broke and move away. Decay sets in. The crime rate rises. Illegal immigrants are bused in and placed in empty buildings.
I call this REVERSE GENTRIFICATION.
THEN you do exactly what you did the first time. You buy up the whole distressed neighborhood at rock-bottom prices AGAIN, and you rebuild.
Article from LewRockwell