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Land belonging to the people is a horrible system that creates huge inefficiencies due to moral hazard. If you look at the agricultural revolution in Europe, a
by colinmhayes 6y ago
Land belonging to the people is a horrible system that creates huge inefficiencies due to moral hazard. If you look at the agricultural revolution in Europe, a major reason for increased crop yields was private property. Incentives matter.
- harimau777 6y agoI don't think that makes it just that people have no opportunity to work for themselves or be payed a fair wage working for someone else.
- heavyset_go 6y agoYou point to efficiency, but to achieve that efficiency, people were driven off of land that their families had lived on for millennia in order to create a class of people that were desperate enough to risk their lives and limbs, and their children's lives and limbs, in dangerous factories for wages they couldn't sustain themselves with. Millions of people went from self-sufficiency to being desperately poor and without homes because their land was privatized by governments that were in cahoots with industrialists.