Another slant on original sin, if it is, in Inherent Vice

Mark Kohut markekohut at yahoo.com
Tue Dec 18 05:14:32 CST 2012


In a book called The End of Liberalism, by Theodore Lowi, I learn in a very succinct way what Lowi
thinks is Henry George's [http://en.wikipedia.org/wiki/Progress_and_Poverty, 1879] major economic insight:
 
When people enter and build up a community, a city, add human density, the total value of the community
goes up but only those who own land benefit from that increase in wealth. The propertyless are, by analogy,
like workers who get paid nothing for their work--their presence creating added value. And have to pay more
to simply find housing. 
 
George called rent, thereby, the original sin. 
 
We remember the trailer for IV; we remember the Developer. 
 
George's book was a huge bestseller in its time, selling over three million copies says Wikipedia. Proportional
to our times, I wis I knew but some kind of double--treble digit millions....
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