I agree. But, the reason a republic is better than a democracy is power decentralization. When democrats say "democracy," what they really mean is power centralization, global communism. But the correct economic system respects individual freedom more and government power less.
Whatever people can afford is what the rent will be. Why charge less?? The problem is to evolve, society needs to treat land the same way for everyone because it's a biological requirement. Classical economists did this because they were scientific. But modern "professional" economists treat land like every other form of capital. So, we have a form of neo-feudalism marketed as free enterprise. And that makes people blame freedom for social problems. And so, they demand bigger, stronger government even thought that's not the solution.
The problem is society suffers from an artificially inflated land price (and the environment does, too). There's no benefit to people for land to cost any more than necessary since we all need it to live every day, to sleep on it. And for both fairness and efficiency, we should abolish all other taxes and ONLY tax land ownership. Then, land will be as cheap as possible to buy and some will even be free. That will force employers to pay us all we are worth.
Many investors prefer to keep society desperate for money, for personal reasons. I think we should free society instead.
