New Scientist: How the rich rule
- Since the teaser is essentially advertising, quoting it looks like
"Fair Use" to me.
How the rich rule
09 April 2005
Magazine issue 2494
It is very interesting that the wealth of the majority of people fits a
curve that describes the energies of atoms in a gas (12 March, p 6), but
there is no mystery here. The underlying reason for this skew was explained
in 1879 by the economist Henry George, who showed it was caused by the
conditions of land tenure.
One way to understand what is happening is to imagine three people playing a
game of Monopoly. When all the properties have been bought, a fourth player
joins the game. He will inevitably be subject to unfair terms as, wherever
he lands on the board, he has to pay rent to one of the other players.
This is an accurate model of a key aspect of real economies. Those who do
not own land have no option but to work for wages, which will be driven
down to a minimum ...
The complete article is 734 words long.
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- This is in fact a letter from Henry Law of the 'Land Value Taxation
Campaign' to New Scientist in response to an article analysing the odd
distribution of wealth within society.
The original article is available in full, even though Henry's response
I only noticed Henry's letter today. It is the in the current edition (9th
April) of New Scientist.
> -----Original Message-----
> From: scottb@... [mailto:scottb@...]
> Sent: 11 April 2005 18:19
> To: email@example.com; LandCafe@yahoogroups.com
> Subject: [LandCafe] New Scientist: How the rich rule
> Since the teaser is essentially advertising, quoting it looks like
> "Fair Use" to me.
> Article Preview
> How the rich rule
> 09 April 2005
> Henry Law
> Magazine issue 2494