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September 14, 2015
The Threat Coming by Land
By Scott Baker
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 ...
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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.
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former 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 and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for Common Ground's national publication, GroundSwell, and has advocated for the Georgist Land Value Tax to public and political audiences.
He is also New York State Coordinator and Senior Advisor for the Public Banking Institute
Scott has a dozen progressive petitions on Change.org which may be found here:
http://chn.ge/10nUAmJ
Scott was an I.T. Manager for a major New York university for over two decades where he earned a Certificate for Frontline Leadership.
He had a video game published in Compute! Magazine: Click Here
Scott is a graduate and adjunct faculty of the Henry George School of Social Science in New York City.
Scott is a modern-day Renaissance Man with interests in economics, science and all future-forward topics.
He has been called an "adept syncretist" by Kirkus Discoveries for his novel, NeitherWorld - a two-volume opus blending Native American myth, archaeological detail, government conspiracy, with a sci-fi flair http://amzn.to/10nUoDV
Scott grew up in New York City and Pennsylvania. He graduated with honors and a Bachelor's degree in Psychology from Pennsylvania State University and was a member of the Psychology honor society PSI CHI.
Today he is an avid bicyclist and ride co-leader in a prominent bike advocacy organization.
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