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by norea-armozel
3773 days ago
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Georgism is deeply rooted in the Law of Rent and David Ricardo's work on the matter. So to say Henry George was a crank is sorta like saying Ricardo and the law of rent is bunk. The reality is that all land (be it physical land, IP, or some other natural or non-natural monopoly) always leads to its owners extracting surplus value in the form of rent. Be that rent coming in it's literal form or as something masquerading as fees. I think the worse problem is that some Georgists are bad at explaining that integral point which leads to confusion as to what their contention is all about. |
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