“Broadly speaking, there are only two ways human beings can make an income: ...by contributing to society or they can extract an income from society”
― Land: A New Paradigm for a Thriving World
― Land: A New Paradigm for a Thriving World
“In theory, capitalism is an economic system that allows people to freely trade goods and services in a competitive free market. But since the outright ownership of land creates an entry monopoly, it restricts the operation of the free market... Consequently, our current implementation of capitalism is deeply responsible for the exploitation of nature and the decline of social well-being.”
― Land: A New Paradigm for a Thriving World
― Land: A New Paradigm for a Thriving World
“Economists Mason Gaffney and Fred Harrison claim in their work The Corruption of Economics that industrialists toward the end of the 19th century may have intentionally created and promoted a new brand of economics (neoclassical) to divert public attention from the monopolization of nature. Neoclassical economics treats nature as capital - a resource to be exploited.”
― Land: A New Paradigm for a Thriving World
― Land: A New Paradigm for a Thriving World
“Our inability to share the gifts of nature causes much suffering in the world today... We mistakenly believe that a free market should allow people and corporations to profit from nature, yet we've failed to consider the immense cost to life that occurs whenever people are allowed to reap what they haven't sown at the expense of others. While the privatization of capital can lead to production efficiencies that benefit the entire market, the same can't be said for privatization of nature. Whenever the income stream from nature is privatized, human beings take for themselves the gifts that would better be freely shared with everyone.”
― Land: A New Paradigm for a Thriving World
― Land: A New Paradigm for a Thriving World
“Markets are free when human beings have equal opportunities to influence the production and trade of desirable goods and services... Some people attain market control and set market prices due to favourable natural, social or political conditions: They attain a monopoly. The problem with monopolies is that they enable those who have attained them to extract money from society without providing goods or services of corresponding value. Apart from abolute monopolies, monopolies can also occur when the market is simply closed to new participants because overall supply can't be increased; these are known as entry monopolies.”
― Land: A New Paradigm for a Thriving World
― Land: A New Paradigm for a Thriving World
Adrian’s 2025 Year in Books
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