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If not, you'll end up paying your decentralised returns back and more in rent. Property is the ultimate centralised store of capital. I think this would assume

If not, you'll end up paying your decentralised returns back and more in rent. Property is the ultimate centralised store of capital. I think this would assume that decentralized investments won't be able to afford autonomous, off-the-grid living arrangements. There's still a whole lot more land out there than we need. And it wouldn't need to support everyone, just enough so that there's an alternative to keep rents from skyrocketing. Anything else you pay for can be decentralized, as the article demonstrates.

pjc50 11y ago
There's still a whole lot more land out there than we need You can't be serious - there isn't any unowned land out there. Certainly not in the western world. Sure, in the Americas you can squat on government land for a while and hope nobody notices, but that involves being miles away from anywhere and if you're off the grid it seriously hampers your earning potential. In the UK there is simply nowhere you can do this. Anything else you pay for can be decentralized Microchip fabs?
- padobson 11y ago
  You can't be serious - there isn't any unowned land out there. You can buy land for less than $2,000 per acre in just about every inland state in the US. A cursory glance at Zillow shows that even Rhode Island has sub-$100k/acre available[1]. But that involves being miles away from anywhere and if you're off the grid it seriously hampers your earning potential. I'll concede that we're not there yet, but technology makes off-the-grid living and working more feasible all the time. Microchip fabs? You mean like Intel? A company with 1800 owners?[2] But without getting to boiled down in the minutia, my problem with Picketty is that there's no reason that the "r" in "r > g" couldn't be distributed using crowd-funding and decentralized currencies (and whatever their successors might be) by the natural flow of capital, rather than relying on the coercive methods Picketty suggests. [1]http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_beds/0-540484_price/0-2000_mp/priced_sort/42.172564,-69.893646,41.026535,-72.557831_rect/8_zm/0_mmm/ http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_... [2]http://www.nasdaq.com/symbol/intc/ownership-summary http://www.nasdaq.com/symbol/intc/ownership-summary

pjc50 11y ago

There's still a whole lot more land out there than we need You can't be serious - there isn't any unowned land out there. Certainly not in the western world. Sure, in the Americas you can squat on government land for a while and hope nobody notices, but that involves being miles away from anywhere and if you're off the grid it seriously hampers your earning potential. In the UK there is simply nowhere you can do this. Anything else you pay for can be decentralized Microchip fabs?

padobson 11y ago
You can't be serious - there isn't any unowned land out there. You can buy land for less than $2,000 per acre in just about every inland state in the US. A cursory glance at Zillow shows that even Rhode Island has sub-$100k/acre available[1]. But that involves being miles away from anywhere and if you're off the grid it seriously hampers your earning potential. I'll concede that we're not there yet, but technology makes off-the-grid living and working more feasible all the time. Microchip fabs? You mean like Intel? A company with 1800 owners?[2] But without getting to boiled down in the minutia, my problem with Picketty is that there's no reason that the "r" in "r > g" couldn't be distributed using crowd-funding and decentralized currencies (and whatever their successors might be) by the natural flow of capital, rather than relying on the coercive methods Picketty suggests. [1]http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_beds/0-540484_price/0-2000_mp/priced_sort/42.172564,-69.893646,41.026535,-72.557831_rect/8_zm/0_mmm/ http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_... [2]http://www.nasdaq.com/symbol/intc/ownership-summary http://www.nasdaq.com/symbol/intc/ownership-summary