The Post-Crash Economics Society said academic departments were ignoring the crisis and neglecting global developments and critics of markets. They mistakenly see markets as free and blame them for the work of lobbyists. It was only market economists focusing on land who did predict the recession.
Who owns land matters less than who gets its rent. The very idea of grabbing land to squeeze out its rent for oneself or one’s cronies is the fundamental flaw, that such behavior is considered business as usual. Instead, we must proclaim the worth of Earth is a common wealth for everyone to share.
Some guys own as much land as makes up a small US state, and America is not supposed to have an aristocracy? When they pay for land, do they (or anyone) pay the people whom they exclude? If they were to compensate society, then hoarding land would be fair, eh?
People got to live somewhere. If they’re not buying, they’re renting, so they’re always pushing up prices somewhere — until the cycle stops. How to stop the cycle? Recognize that housing costs are mainly the cost for the location, and that land value needs to become our common wealth.
New Mexico police are body searching drivers, taking them out of their cars, and remanding them to hospitals for intrusive inspection. Would it help to see us as compatriots, not sheeple?
Here a Yale-educated attorney that worked inside the World Bank for more than two decades, not not some “conspiracy theorist”. Of course, she could be wrong if she fails to see land, but regardless, it’s a tale worth paying attention to, to know the power of those who may oppose economic justice.
Started in 2009 by a group of students and friends at the Massachusetts Institute of Technology (MIT), the Awesome Foundation now has chapters around the world, including two in Mongolia. You think they could see how awesome is geonomics — the public recovery and sharing of Earth’s worth?
We suffer too much. Not from nature failing to provide, but because our customs have not evolved with the times. Our society generates surplus and we let a few grasp it rather than all share it.
The powers-that-be lead farmers astray. Industrial chemicals don’t up yield after a few years. Government subsidies don’t make land affordable. If powerful entities can’t find a safe way to make money, then take away their power. Let’s quit limiting the liability of irresponsible firms and not pay subsidies to groups but pay a land-rent dividend to all citizens.
Whatever any government decrees, it can reverse, easily swayed by the rich pro-dam lobby and mining companies who typically get their way. What those insider owners are after is Earth’s worth, something that belongs to us all. We all have to realize our common heritage, feel the loss of our common wealth, and speak up and institutionalize this land ethic.
Yet how quickly will the Motor City will rebound, so housing will turn a profit? Downtown Detroit 35 years ago was as destitute as it is now, and it shows few signs of getting better. To get better, Detroit, like anywhere, would need to quit taxing buildings and instead recover land’s rental value to spur owners to develop. But should one’s home be another’s property?
Expect jobs to pay enough to live? Forget it. They can’t. Get used to the idea of an income apart from your labor or capital. Demand a fair share of the value of your region’s land. The fairest and most efficient way to distribute society’s surplus.
Here’s why environmentalists could all become pro-competition, pro-open market, and grow leery of taxes and other restraints on free and fair trade. Do politicians do what’s best? Can they even know? Or would buyers and sellers on an equal footing do a better job for all concerned?