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Yup, never said he was opposed to markets nor accumulation of capital. But capitalism as we know it is hugely influenced by our current system of private proper
by DubiousPusher 7y ago
Yup, never said he was opposed to markets nor accumulation of capital. But capitalism as we know it is hugely influenced by our current system of private property. Georgeism would have many similarities to our present form of capitalism but it would also look very different.
- legitster 7y agoI guess I don't see how it would look that different. A flat value tax on land seems less radical than a wealth tax (for example). But no one sells a wealth tax as an end to capitalism.
- DubiousPusher 7y agoYou can't see how land becoming a liability rather than an asset because of the significant tax burden it would bear might have drastic effects on modern Western capitalism? Nor how the collective ownership of resources produced from mines, forests, rivers and oceans would significantly change it?