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The trouble is that the times of land meaning anything are over. In today's world of intangible goods you can produce without owning any land. Why would multi
by lmilcin 5y ago
The trouble is that the times of land meaning anything are over.
In today's world of intangible goods you can produce without owning any land.
Why would multi-billion pharma company pay less taxes than a local farmer, because the land needed for offices to run bio-research is less than a small field to grow crops for couple families?
- inglor_cz 5y agoLooking at real estate prices, land is far from worthless.
- lmilcin 5y agoI am not saying land is worthless. I am saying that owning land is no longer prerequisite for producing a lot. Two hundred years ago you had to own land to be "big", because most ways to produce anything required land to grow crops or land to extract natural resources or services with connection with those two types of activity. If you look at top 10 largest companies in the world, only one is tied to a lot of land or services for other companies with lots of land (Saudi Aramco). Before one hundred years ago the largest companies or wealth creators would inevitably be largest land owners or ones that provide services for largest land owners.