This is a direct consequence of the housing theory of everything [1]. When land is scarce landlords can eat up any surplus produced by both labor and capital!

This is a direct consequence of the housing theory of everything [1]. When land is scarce landlords can eat up any surplus produced by both labor and capital! [1]: https://worksinprogress.co/issue/the-housing-theory-of-everything/ https://worksinprogress.co/issue/the-housing-theory-of-every...