Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I can see why industrialists would oppose rent-seeking when it comes to raw materials. But i doubt they have ever had any problems gaining the housing market. During The Great Depression there was a housing bubble that burst 1926. Some georgists say that the original reason for the great depression was in fact The Car, that created huge speculation on urban land.
Anyway, this shows that the economics as a "science" is a hoax. "The theory" says whatever the political power wants it to say. Land is the largest property of any economy. So making it worthless, "protects" the property owners' incomes and pushes the public costs to the landless workers. Whose work and taxes create the land values in the first place.
by kjr63 on Sat Jul 17th, 2010 at 04:20:38 AM EST

Others have rated this comment as follows:


Occasional Series