Paul Bloustein (Letters, April 9) asks: “Why is capitalism so troublesome if the wealth it accrues is earned honestly, legally and without depriving others in unseemly ways?”
His 19th century compatriot Henry George answered that question in Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth: The Remedy.
The wealth that accrues to landowners is not honestly earned and it does deprive others of places to live and work. George’s “Remedy” is land value taxation, but I don’t suppose that the great real estate speculator will be too keen on that.
Labour Land Campaign,
Christchurch, Dorset, UK
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