A common myth, promoted by the rich, is that wealth is produced
individually before it is collectivized by the state, through taxation.
In fact, wealth was always produced collectively and privatized
by those with the power to do it: the propertied class. Farmland and
seeds, pre-modern forms of capital, were collectively developed through
generations of peasant endeavor that landlords appropriated by stealth.
Today, every smartphone comprises components developed by some
government grant, or through the commons of pooled ideas, for which no
dividends have ever been paid to society.
Read the rest of the story HERE:
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:
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...)
|The views expressed herein are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.