A great program yesterday on the ABC’s “Big Ideas” program about Australia’s ‘Asset Economy’.

The question needs to be put: If ‘rentier capitalism’ has been financialising land price bubbles, maybe that’s why today’s workers are deeply in debt, unlike in 15th century England when they were able to save more than half their income after food, clothing and shelter?

Maybe that the land rent was collected, instead of taxes, had something to do with why workers didn’t have to service land prices in the 15th century?