12 - Understanding our Political Economy - idle land the root cause of

Views:
 
Category: Education
     
 

Presentation Description

Lesson 12 - Idle Land the Root Cause of Recession

Comments

Presentation Transcript

PowerPoint Presentation:

Understanding our Political Economy LESSON TWELVE Idle Land: The Root Cause of Economic Depressions

PowerPoint Presentation:

“As population grows and technology advances, land values rise. This steady increase leads to speculation, as future increases are anticipated. ...”

PowerPoint Presentation:

Progress and Poverty , p.145 “Land Values are carried beyond the point at which labor and capital would receive their customary returns. Production, therefore, begins to stop.”

PowerPoint Presentation:

J. Paul Getty

PowerPoint Presentation:

“If you want to get rich, buy land.”

PowerPoint Presentation:

“ The only thing that can explain why people are forced to stand idle when they would willingly work to supply their wants is that labor is denied access to land. … It is not that all land is in use. …”

PowerPoint Presentation:

“What prevents labor from using this land? Simply that land has been monopolised. It is held at speculative prices, based not on present value, but on value that will come with future population growth.” Progress and Poverty , pp. 150, 151-152

PowerPoint Presentation:

comprise 96% of the owners hold 97% of the land value hold 98% of the total acres

PowerPoint Presentation:

What Agricultural Land is Worth $1.5 trillion

PowerPoint Presentation:

END OF LESSON TWELVE

authorStream Live Help