The Commons Created

Karl FitzgeraldCommentaryLeave a Comment

At least land gets one mention! How are people to envisage that the most important commons created resource is not immediately visible or apparent? Land values must be the anchor to this new commons based future.

Bryan Kavanagh says

Although publicly-generated land rent was $325 billion, we chose to fine labour and capital to the extent of some $285 billion for daring to work, allowing eighty-six percent of Australia’s land rent to be privately capitalised into the bubble – and thereby establishing the conditions necessary for an extraordinary financial collapse.

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