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The Treasure Ships - by Henry Fudge

henryfudgeofficial.substack.com · 10,017 words · saved by 1 readers

Will China build the world's factories or simply buy the world's cities?

There is a country where the state owns all the land. Every square metre beneath every tower in every city belongs, in the last analysis, to the public. No private freeholder holds the ground under the flats. By the oldest argument in political economy, the line that runs from Smith and Ricardo down to Henry George, this country should have been spared the disease that quietly organises every other. The disease is rent, the tribute that flows to whoever owns a scarce location, levied on everyone who has to stand on it. Take the land into public hands, George’s followers said for the better…

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