IGNORE INSTITUTIONALISED RENT-SEEKING, HEAD TO WAR

Every now and then I’ll give a short insight from Fred Harrison’s great new book “The Traumatised Society”.

Fred Harrison is a seer. Unlike many of us, he is unable to deny what his knowledge, experience and common sense tell him is true in matters of economics.

Consequently, all of Harrison’s forecasts regarding the timing of economic collapses since he published “The Power in the Land” in 1983 have proven correct.  Regardless, politicians such as Gordon Brown, Tony Blair and David Cameron have preferred to remain in denial about them. This denial has proven to be to the world’s increasing financial and social distress.

That’s our problem. Unlike Harrison, policy makers and politicians remain wilfully unconvinced of the premise that private capture of the social surplus is destructive: that rent-seeking is cheating.

Why don’t I start at the end, at the epilogue of “The Traumatised Society”, to show Harrison sees war must be the inevitable outcome of all this institutionalised cheating?








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You say we need more funds to tackle poverty, homelessness, health, the environment, education and infrastructure? I say instituting the Henry Tax Review is a BIG step towards solving those problems.

2 thoughts on “IGNORE INSTITUTIONALISED RENT-SEEKING, HEAD TO WAR”

  1. Is the book actually available or soon to be released?

    Not having seen more than you have copied here, I’d have to agree with him in general. My firm belief is that we will be incredibly lucky to survive the next ten years without a major powers war. With Europe on the brink and Japan embarking on a event horizon attempt, and the US set to follow by the end of the decade, there are so many options for conflict it is not funny. Governments will look internally first, and then externally in order to prevent collapse.

    No fun for anyone.

    I remain convinced that a general rent or tax cannot be the first step from where we are to a better future; that a gradual shift based on transitional land title arrangements – optional and individual – must first provide the cultural understanding required before a move can be made generally to a taxation or rental system. Making this a quantum leap is inherently risky, and unnecessary.

    Keep up the good work.

    1. It’s already available, Chris. If you click on the highlighted URL, it takes you to the Shepheard Walwyn publisher site. It’s also available via Amazon. It’s the most incredibly authoritative read and explains exactly why we are where we are and how we’ve got to change our thinking.

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