….. that private capture of land rent is extractive. It doesn’t create real wealth; it just inflates land prices.
Although it’s a form of greed, central banks and governments around the world are committed to keeping inflated land values pumped up ….. or else!
It’s akin to trying to defy the Law of Gravity.
Never mind that public capture of land rent is the glue that might recognise and bind our interconnectedness; and so we have the bifurcation and social fracture.
Therefore, the descent into yet another terrible economic depression continues apace.
On the other hand, maybe this COVID19 pause does offer an opportunity for genuine economic reform?