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> The road analogy is specifically dealing with the idea that land itself can be an exclusive good and thus individuals who naturally exclude others (someone's
by snrplfth 10y ago
> The road analogy is specifically dealing with the idea that land itself can be an exclusive good and thus individuals who naturally exclude others (someone's home, factory, farm, etc are the property on the land but not the land itself) should cover for the loss through the exclusion. Allowing people to exclude others but also to extract rents through mere passage or occupancy without actually producing any value (land speculation and slum lords are an example of this).
I don't see why land is special. Sure, it has a few peculiar properties, but it's not that different. Land has value for all sorts of reasons - perhaps it has fertile soil (which must be stewarded), perhaps it has valuable buildings or infrastructures near or on it (which must be built and maintained), perhaps it has certain climactic advantages - but this doesn't mean that anybody who owns some has a "monopoly" on it, any more than the owner of any other thing has a "monopoly" on that particular object. There's a limited number of, say, aluminum atoms on earth, does that mean that anyone who owns some aluminum is a monopolist?
I mean, I can go buy a swathe of desert and put a fence around it, it doesn't mean I've got a monopoly on anything. Land ownership - especially urban land ownership, where most of the value is - is hugely fragmented, there's no monopoly to be found.
I exclude others from my home, and the land it's on. Why should I be able to exclude people from my house legitimately, but not the attached land components?
>If you have a monopoly on the capital goods in question then you are a rentier.
What capital goods do people actually have a monopoly on, though, which has not been granted to them by special law? Any capital good you can think of (outside patent or copyright) can be, and usually is, owned by many people.
> Meaning that one with title can exclude others from its use even if they're not using it or even care to use it ever (again land speculators and patent trolls are a great example of this).
How do you define use, though? (Patent trolls we've covered.) What if I leave land fallow for the pure enjoyment of it, or for natural restoration? What if I use it in a way that others don't like? Who decides? A "land speculator" is investing in the possibility of future returns - what if the "speculator" intends to build houses on a lot, but is still trying to raise money to do so? What's the difference between a land buyer employed by a homebuilder, and a freelance one? Is it only speculation if a profit is returned? (I can speculate on land for years and make no money.) Speculation is nearly impossible to clearly define.
> Cooperatives in themselves are a union among workers thus you can't elevate yourself above fellow workers in the cooperative in terms of economic primacy. All have their say in equal capacity (as in shares != more votes).
Great, what if a cooperative fails, as they will? Those people will have to go find new or other cooperatives to work for. Will all cooperatives be required to take those people in and give them an equal say, even though they've not contributed the same amount of time and may have helped cause a failure? Can you fire people from a cooperative if they're no good? If everyone else in your cooperative besides you leaves, can you still have a single-person cooperative?
> I think the onus is on you to show me how a market needs a capital owner and not the other way around.....You're not a capitalist either just because you decide to use your car to drive Uber fares part time because the act of work itself isn't excluding others from working (i.e. being Uber drivers themselves). A capitalist by definition can and will extract rents from capital and exclude others from its use (be it labor, machines, factories, ideas, or land) via the State or equivalent institutions.
Because all goods are essentially capital - or rather, all capital is essentially just goods. There's no obvious distinction. Let me recast your example: "You're not a capitalist either just because you decide to use your garage workshop to build chairs part time because the act of work isn't excluding others from working (i.e. making chairs themselves.)" And you can expand that - "You're not a capitalist because you decide to use your factory to create steel...."
If you own a car you're excluding others from using that car - but you're not inherently a monopolist rentier, because others can make and own cars. If you own a factory you're excluding others from using that factory - but you're not inherently a monopolist rentier, because others can make and own factories.
- norea-armozel 10y ago>Land has value for all sorts of reasons... Land is only valuable due to scarcity. You really can't make more of it even if you dig up parts of another bit of land to dump into a bay (like how they made the airport in Tokyo). And the infrastructure on it doesn't make land any more valuable because those things (buildings, roads, farms, etc) are property in the sense they can be put just about anywhere and require labor to make them all. Land doesn't require any labor to exist. It's just a given like air and fresh water. It's the baseline from which all economic transactions can operate. >but this doesn't mean that anybody who owns some has a "monopoly" on it If you own the land in an area by definition you got a monopoly there. And it becomes a problem the ownership of land becomes centralized to the point that corporations like what you see with slums not improving the property on the land (due to property tax as one significant factor) and still extracting rents above market level from tenants. But that's a special case and it's one that really suggest you read up on when you have free time. >What capital goods do people actually have a monopoly on, though, which has not been granted to them by special law? Any capital good you can think of (outside patent or copyright) can be, and usually is, owned by many people. 1. There's no such thing as a "special" law. There's just laws of certain types. Sorry for the pedantry but I think trying to sequester a significant social and legal trend as "special" hides the deeper problem attached to the fact that those laws exist (see Enclosure Act from 19th century England as an example of this). 2. And of those people, does it seem logical to allow them impede the utilization their capital when they leave it fallow or otherwise try to depress wages while utilizing it as a practice of employment? Again, this the point that I think you're missing or otherwise discounting. Specifically, that the ownership of capital should be held in common so that everyone can have equal access (not necessarily equal opportunity as achievement) to the means to sustain themselves. This doesn't need something as rigid as a Five Year Plan or any Soviet-era bureaucracies. It can be as simple as a cooperative shared among members of the neighborhood or the city. >What if I leave land fallow for the pure enjoyment of it, or for natural restoration? Then you should have no issues with paying for a land value tax (which would be lower than a property tax in most cases) for that use. >Great, what if a cooperative fails, as they will? What if publicly traded corporations fails, as they will? A cooperative isn't some radically new concept or institution. Your local credit unions are a form of cooperative in the current legal framework. You have also utility cooperatives, farming cooperatives, and so on. None of these fail any more or less than a private/public corporation. I think you need to study this part of the matter on your own because honestly HN isn't the place to go indepth with alternative incorporation schemes and laws. Best to ask someone who's done this sort of thing. Best bet is to look for someone who's in a diary cooperative. Lots of food fanatics use them to get unpasteurized milk. >Because all goods are essentially capital... No. Just, no. The burger I'll eat today for lunch is no more capital than the notebook I use to write my notes on. Capital are goods which can directly make more goods. Think ore, timber, machines, patents, corporate assets (money, stocks, etc). These are capital. Individual's personal cars, homes, and skills aren't capital by any definition from any school of economics that I'm at least aware of (there might one but I seriously doubt it's considered orthodox).