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The Threat Coming by Land

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For all the alarm about the “rise of the robots,” or “software eating the world” or the peril of climate change, one of the most pressing economic dangers of the future is getting short shrift: Landlords are eating the world.

Property owners account for a growing share of the income from what's defined as capital* in this article.  And that's bad.

*Land is actually not capital, but the rest of the article's conclusions are sound. Land differs from true capital in that:

Land is finite, Capital is infinite within the constraints of Labor and Land

Land generally appreciates over time (though not in Detroit etc.) while capital always depreciates.

Land is created by nature, Capital by humans.

Land is essential for Life, Capital is highly useful but not essential.

Read the rest of the story HERE:

At www.bloombergview.com

 

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opednews.com

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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