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Wealth and Want | |||||||
... because democracy alone is not enough to produce widely shared prosperity. | |||||||
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Pierre Joseph
Proudhon
(1809-1865) Jeff Smith: What the Left Must Do: Share the Surplus
Buying a land title – the granddaddy of all privileges – typically
requires a mortgage, which disguises rent as “interest”. Pierre Joseph
Proudhon (1809-1865), French journalist/anarchist, noted: "As long as land monopoly is maintained,
the few can take possession of what Nature free of charge has granted
to everyone, and usury will penetrate the whole society, and we will
have banks, which instead of being servants for the exchange of goods
will become powerful extorters." He called this one; today’s
banks do bleed the economy. Read the whole article
Bill Batt: The
Compatibility of Georgist Economics and Ecological Economics ... All society needed to do was
to collect the economic rent from
landholders as its rightful due, a solution that became part of the
subtitle of his book, “the remedy.” Taxing the land (or, alternatively,
collecting the economic rent) was something common citizens could
understand.
They knew well the enormous disparity in fortune between the landed and the landless. They knew also that there was in fact land enough for all, except for a system of ownership that made no distinction between the right of land use and the right of land gain. George had no doubt read Frenchman P. J. Proudhon’s more strident pamphlet that “property is theft.” 33 He knew that there was a long tradition of land taxation, well articulated by a French school of philosophers known as the Physiocrats. It was a natural and comprehensible solution for him to advocate the adoption of the “single tax” on land, according to its market value, to collect the economic rent. ... read the whole article |
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Wealth
and Want
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www.wealthandwant.com
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... because democracy
alone hasn't yet led to a society in which all can
prosper
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