NICE ECONOMIC RUNDOWN!

Click on this excellent animated cartoon of our economic situation.  It’s worth watching!

It is based on a talk by anthropologist/social theorist David Harvey.  Right at the end, David says “I don’t have the solution, but I think I know what the nature of the problem is.”

The solution is not the nationalisation of the means of production, distribution and exchange, but the collection of rent, the surplus product, the conclusion Marx himself seemed to be reaching when he died.

So, the cartoon’s final diagram could have been to the only workable solution shown below.  That is, abolish taxes and collect the land rent to increase wages (with no attendant inflation).

Synthesis