Banking on Profits

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Letter to The Age October 10th, 2017 How ironic that boss Ian Narev is concerned that global wage growth has been “relatively weak” (‘CBA boss says sorry over ATM scandal’, The Age, 7/10). Adam Smith noted in Wealth of Nations that privatised land rent adds one-third to costs. (“This portion, or, what comes to the […]

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The Queen’s Land Rent

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Phillip Anderson’s recent speech to Prosper’s 126th dinner provided this enticing talking point. Read more on the ramifications of such leadership.

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Regulatory bodies paid to look like idiots?

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  All the great social philosophers have held that land must be rented, not sold, if communities aren’t to implode. One of them put it into a formula, saying that if we were to capture the social surplus, then labour and profits will receive their full and rightful income—their ‘private property’?—undiminished by arbitrary taxation:- i.e. Production […]

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The Queen Pays Her Dues, Do You?

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This week the Renegade Economists radio show celebrated ten years on the 3CR airwaves. Much of the show was based on the following. Have a listen: Reverberations from Phillip Anderson’s presentation to the 126th Annual Henry George Dinner are still being felt. Phillip revealed that the Queen, as Sovereign of the UK, pays a significant […]

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“Is the Queen a Georgist?”

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  Turns out she is! She pays the rent …. In 2015 the Crown Estate delivered a record £328.8 million to the Exchequer from its thirty wind farms and central London assets. This was up 8.1% on the previous year, taking the total the Estate has returned to the Treasury over the last decade to […]

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EJ Craigie Award Winner – Adam Creighton

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  Adam Creighton was awarded the EJ Craigie Award for the best Georgist article at last night’s packed 126th Annual Henry George Commemorative Dinner. His article was a timely addition to the mounting call for greater land tax utilisation. Here is the winning article: Land levy an efficient and moral revenue raiser Cross-posted from The […]

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Alan Kohler: Listen to George

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Cross-posted from Alan Kohler’s The Constant Investor, the 2nd time he has written about Georgism in recent years. Saturday was the 178th birthday of Henry George, who, in 19th century America, worried about inequality and puzzled over why technology was not delivering better results for working people, rather like economists and central bankers are doing today. […]

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Was it ‘debt’ or land price what done us in, Gov?

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Economists are very strange people.  Some of them say private debt doesn’t matter much, because banks simply act as intermediaries between people in the community who lend to each other, so that any private debt cancels out.  More realistically, other economists say that banks, by generating excessive debt, are responsible for the repetitive economic recessions […]

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The Toorak Times

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Toorak has been in the news – only 5 properties are currently publicly advertised for sale in the exclusive suburb, ensuring scarcity delivers daunting prices. The Domain wrote in glowing terms about a $7m profit on a tennis court held over 20 years. It is not uncommon for Toorak residents to own an adjacent property […]

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Changing the world

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What’s the problem? Class struggle? Population? Money? Debt? Banks? Something else? ‘Something else’ is more important than each of the others, but we always say it’s “too hard and will never happen!” And so we continue to plod along in an economic slough of despond, blaming this government or that government, for not taking this […]

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