The link is, that propertisation has allowed to make a lot more credit. Independent of any possible gold standard, the commercial banks collaterise(d) there loans with the land. That is not to say, that it is impossible to invent different models for collaterisation. But it is a very good one, because land value is so stable. Mohammed Yunus with his Grameen bank takes good will and shame as collateral. This is already quite sophisticated. Still he demands 20-30% interest rate on loans, and the loans have a very low volume.
That involves chasing the existing occupant out of said land.
Yes, that was a collection of measures that happened in the past. We can invent new measures, but this is a measure that happened really in the past.
Again, this does not apply to mature industrial economies.
It has once applied to economies that are today industrial. It has initiated capitalism. To undo it, would undo capitalism (unless you have a smart replacement).
And how many land purchases were cleared in cash in the Bundesrepublik last year?
Most purchases of blank land that happend. Not many overall, as we are in a rather stable situation. But even in the remaining cases it is a portion of every deal. The rest you borrow by collaterising what you just bought. But then over time the debt is repaid. Land ownership isn't something to which only 0.1% of the population have access to and it isn't entirely by heritage. Der Amerikaner ist die Orchidee unter den MenschenVolker Pispers
To undo it, would undo capitalism (unless you have a smart replacement).
Exactly.
The land is held by a Custodian, so it is never sold again. Co-owner Occupiers may change and Co-owner Investors may change but the land is never sold again.
For as long as he has use of the land (ie an indefinite term) the Occupier pays a rental for the use of the location (to the community) and to Investors (for the use of the capital invested in the location).
Anything an Occupier pays more than the rental due buys him Units. And if he maintains the property himself he gets Sweat Equity.
No borrowing. Just Units created within a partnership framework redeemable in rental value.
There we go. Reinvented Capitalism. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
