Jacobin Radio

Jacobin Radio: Pre-Election Special w/ John Nichols

Nov 2, 2024
Mark Paul, a progressive economist and Professor of Public Policy at Rutgers, discusses California's Prop 33 aimed at enhancing rent control amidst a housing crisis. He challenges misconceptions about rent control and argues it is essential for providing relief to low- and middle-income families. John Nichols, National Affairs Correspondent for The Nation, reflects on the pivotal role of Wisconsin in the upcoming presidential election, emphasizing the need for a progressive platform to mobilize voters and counter business interests.
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INSIGHT

Rent Control's Impact

  • Economists often oppose rent control, viewing it as market intervention.
  • Evidence suggests rent control increases affordability and neighborhood stability.
ANECDOTE

WWI Rent Control

  • World War I rent control froze all rents, leading to adverse outcomes.
  • Modern rent control regulates rent increases, not fixed pricing.
INSIGHT

Affordable Housing Argument

  • Opponents claim rent control depresses affordable housing development.
  • This is countered by the current lack of affordable housing despite no rent control.
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