Geolibertarianism by other means — Part 2: current system — effects

Subject: Land use and rent (land and natural resources) revisted OR geolibertarianism by other means — Part 2: current system — effects

Effects of privatizing land and natural resources should be self-evident.

Any benefits that accrue to the masses (indeed, if any) go to the current generation, future generations are ripped-off, swindled out of their rightful inheritance.

Wages are depressed since artificially impoverished (through swindling) people are in a weaker negotiating position.

Since all most people get are artificially deflated wages they live at or near subsistence. As a result they aren’t in a realistic position to make money with money. This makes it ridiculously easy for those who have the rent (land and natural resources) to corner capital as well. As a result rates of return on capital are kept artificially high. Making things worse is that those who have been actively impoverished are undesirable mates, esp the dominate sex which in the case of Homo dolosus dolosus (Latin for crafty, cunning, sly, deceitful, (wise, wise my ass)).

Those stuck with slumlords aren’t in a position to negotiate either. They don’t have cars so they can move to places where public transport is too poor to be of practical use even if it is available. Any money they come into goes into the slumlords’ pockets and drives up land prices.

So policies which raise wages and depress returns on investment are good things. Ideally, rates are forced down without expanding the money supply faster than the rate of economic growth. It may be best to set the value of gold high and require high levels of backing that are slowly lowered if necessary to allow high economic growth which requires that deflation not be too severe. I see today’s rates of economic growth as being too slow. Trading inflation (even financial asset inflation) for higher economic growth is a false trade-off. The problems are overconsumption, underinvestment, and often (especially during depressions) lack of ingenuity to prevent underinvestment. The root case of (at least some) depressions is lack of ingenuity rather than the apparent underconsumption.

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