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by AnimalMuppet 1496 days ago
So, if you define "land" as including domain names, patents, copyrights, trade secrets, and electromagnetic spectrum, then sure, almost all money comes from "land". I would say that at that point, calling it "land" is pretty misleading, though. A right-wing Georgist who wanted to communicate ought to call it something else, like "monopoly control" or something.

> after zero interest rate policy, quantitative easing, helicopter money and debt amnesties, the only choice is between a war and georgism.

Objection, your honor. Assumes facts not in evidence.

Many Georgism advocates seem to have this idea that Georgism is this magic formula that is going to fix everything, and the only alternative is catastrophe. Even by those standards, though, this statement seems rather extreme. Can you defend it, rather than simply assert it?

1 comments

It's called "land" because it is one of the three original factors of production in classical economics - labor, capital and land.

Labor is energy, Capital is accumulation of energy. Land is any natural opportunity.

Domains, patents or spectrums are portions of namespace, string space, idea space, frequency band - some kind of space, in other words land.

> Objection, your honor. Assumes facts not in evidence.

Many Georgism advocates seem to have this idea that Georgism is this magic formula that is going to fix everything, and the only alternative is catastrophe. Even by those standards, though, this statement seems rather extreme. Can you defend it, rather than simply assert it?

I don't want to defend anything. It's up to people to decide if they want to burn everything to the ground after exhausting all the economic policities with nothing much to show for it. Real estate keeps getting bigger problem than ever, birth rates plummeting. Continuing the trend will result in a collapse by one of 1. depopulation 2. war 3. revolution or similar event. Since real estate is such a big part of it, georgism - the antidote for misbehaving real estate - seems like the next tool to reach for.

Anyways - everybody who spends a bit of time trying to understand it realizes that it is logically the obvious solution, but is politically infeasible.

> It's called "land" because it is one of the three original factors of production in classical economics - labor, capital and land.

That makes as much sense as trying to fit all of chemistry into earth, air, fire, and water. There's a lot more going on in economics these days than "the three original factors of production", and trying to shoehorn everything into those terms doesn't make sense.

Your last two paragraphs assume that everything is going to burn to the ground if we don't have a magic fix. I asked for a defense of that; you gave me a restatement.

And in your last paragraph, "everyone who understands knows it's right". Nice. I'm sure that's some flavor of logical fallacy, but I'm too lazy to dig up the right label to put on it.