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This article reminds me just how out-of-the-mainstream the ideas of 19th century popular economist Henry George have become. In short, he's one of the few thin
by bufordsharkley 10y ago
This article reminds me just how out-of-the-mainstream the ideas of 19th century popular economist Henry George have become.
In short, he's one of the few thinkers to focus both on increasing the overall production of wealth, through unfettered free trade, but to deal with the rise of economic inequality within a market (which he identified in his "Progress and Poverty" as monopolization of natural resources, such as land.)
Regardless of George's solution, I'm struck that I see two primary schools of dealing with inequality today:
1) Anti-globalization (both Sanders and Trump), basically a step backwards-- making the worth of each person better by making work more inefficient
2) Laissez-Faire approaches to the economy-- embrace free trade, but also allow great rents with banks, corporations, etc.
I'm seeing very little bridging between these two sects, and I'm seeing it more and more important that we do-- any thoughts on this phenomenon?