Attacking FDI seems like the wrong approach to removing outsized returns to artificial scarcity though. The real issue is making it legal to build. “You can build anything in the local vernacular except heavy industry without even needing a permit on land you own” would solve the problem in one step.
A slight useful modification for Ireland may be excluding towns over 50k population to avoid creating an empty island with one megacity covering the east coast and a heavy satellite in Cork City.
Foreign investment then might well be welcome if it is happy with whatever rate of return remains.
Attacking FDI seems like the wrong approach to removing outsized returns to artificial scarcity though. The real issue is making it legal to build. “You can build anything in the local vernacular except heavy industry without even needing a permit on land you own” would solve the problem in one step.
A slight useful modification for Ireland may be excluding towns over 50k population to avoid creating an empty island with one megacity covering the east coast and a heavy satellite in Cork City.
Foreign investment then might well be welcome if it is happy with whatever rate of return remains.
Apparently they might not be able to do it