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Of course this is a free market, at least by colloquial standards. The premium end of this commodity (close to work, close to financial centers, etc) is more ex

Of course this is a free market, at least by colloquial standards. The premium end of this commodity (close to work, close to financial centers, etc) is more expensive. This is a feature, not a bug. Just because you don't have an endless amount of something at the exact same price, doesn't mean it can't be sold freely. >Land is monopoly. You are free to sell your home to whomever or buy from whomever. I don't think "monopoly" remotely applies. Monopoly would be if all property was owned by one entity, built up by one entity, and you had to deal exclusively with that one entity.

eevilspock 11y ago
You should read up on Geolibertarianism and Georgism. Today's land value tax advocates consider graduated land value tax to be unnecessary and problematic, leading to artificial subdivision (and phony subdivision) of land. The point is that Jefferson, to whom libertarians pay homage, considered land monopoly a great evil and land value tax a remedy, as did many other classical liberals. --http://geolib.com/essays/sullivan.dan/royallib.html http://geolib.com/essays/sullivan.dan/royallib.html This imperfect policy of non-intervention, or laissez-faire, led straight to a most hideous and dreadful economic exploitation; starvation wages, slum dwelling, killing hours, pauperism, coffin-ships, child-labour--nothing like it had ever been seen in modern times...People began to say, if this is what State abstention comes to, let us have some State intervention. But the state had intervened; that was the whole trouble. The State had established one monopoly--the landlord's monopoly of economic rent--thereby shutting off great hordes of people from free access to the only source of human subsistence, and driving them into factories to work for whatever Mr. Gradgrind and Mr. Bottles chose to give them. The land of England, while by no means nearly all actually occupied, was all legally occupied; and this State-created monopoly enabled landlords to satisfy their needs and desires with little exertion or none, but it also removed the land from competition with industry in the labor market, thus creating a huge, constant and exigent labour-surplus. --Albert J. Nock, "The Gods' Lookout" February 1934

eevilspock 11y ago

You should read up on Geolibertarianism and Georgism. Today's land value tax advocates consider graduated land value tax to be unnecessary and problematic, leading to artificial subdivision (and phony subdivision) of land. The point is that Jefferson, to whom libertarians pay homage, considered land monopoly a great evil and land value tax a remedy, as did many other classical liberals. --http://geolib.com/essays/sullivan.dan/royallib.html http://geolib.com/essays/sullivan.dan/royallib.html This imperfect policy of non-intervention, or laissez-faire, led straight to a most hideous and dreadful economic exploitation; starvation wages, slum dwelling, killing hours, pauperism, coffin-ships, child-labour--nothing like it had ever been seen in modern times...People began to say, if this is what State abstention comes to, let us have some State intervention. But the state had intervened; that was the whole trouble. The State had established one monopoly--the landlord's monopoly of economic rent--thereby shutting off great hordes of people from free access to the only source of human subsistence, and driving them into factories to work for whatever Mr. Gradgrind and Mr. Bottles chose to give them. The land of England, while by no means nearly all actually occupied, was all legally occupied; and this State-created monopoly enabled landlords to satisfy their needs and desires with little exertion or none, but it also removed the land from competition with industry in the labor market, thus creating a huge, constant and exigent labour-surplus. --Albert J. Nock, "The Gods' Lookout" February 1934