[Marxism] [SUSPICIOUS MESSAGE] Land and the rentier economy | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Sun Dec 15 06:59:43 MST 2019


Christophers shows that land makes up a staggering share of national 
wealth. Using the UK as his laboratory, he finds that, out of total 
national wealth of £9.8tn, land accounted for £5tn and houses and other 
structures added another £3.5tn on top of that.  The ownership of land 
acts as a store of wealth and, as the rents rack up, so grows inequality 
of incomes and wealth, while restricting the productive power of an economy.

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