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by colinmhayes
2027 days ago
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Land belonging to the people is a horrible system that creates huge inefficiencies due to moral hazard. If you look at the agricultural revolution in Europe, a major reason for increased crop yields was private property. Incentives matter. |
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Millions of people went from self-sufficiency to being desperately poor and without homes because their land was privatized by governments that were in cahoots with industrialists.