His attitude was to lead away from debt slavery, in order to weaken it by the numbers, not compound numbers. Instead find par with the Russian bear. Nature survives.

Liked this presentation, but at the end there was NO answer to the question of WHY there were tens of thousands of empty high-rise flats! - too hard to answer?

Emblem of the Americas 1798 Oklahoma need to tell the truth about the real American Indians. Asian Slaves in Colonial Mexico from Chinos to Natives the Trans Pacific Slave trade.

Is this just a part 1 or did you stop the session after this? I think Steve's work is phenomenal and exactly the antidote to the dogma-based economics that is practiced by our mainstream economics "experts". Steve's work boils down to double entry bookkeeping rules while conventional economics always ends somewhere where "it is the way it is because I say so". While the bookkeeping approach might seem intimidating at least it is factual. If you want an explanation for the Regular Joe you might want to invite L. Randall Wray who wrote the excellent little book "Money for beginners: An Illustrated Guide"

Isn't this project a planned city where all the land has already been bought?

Great talk. Would love to read his essay

Silvio Gesell is a recommended read here.

@19:00 this summary argument is excellent and should be presented to every traditional liberal, libertarian, anarchist, and all others who believe in self ownership.

Brilliant Have the Book and know his background. A Brilliant Human being. His wife was Irish a survivor of the famine when Surplus Food was exported abroad under the protection of the Anglo Saxon Empire. Plus ca change etc ..... Plz read his text before committing. A Lesson for History !

AI is a pernicious evil.

Ibrahima, please just stop with the AI content. The text is cool, but the visuals are meme-material in the worst sense.

The term "LVT" should be abandoned, and it was never used by George anyway. Instead, in modern day language, what he really advocated is a "LSVT" (land surplus value tax), which is a tax on unearned land incomes after the 16th Amendment.

One of the more important courses given by the school. Maybe Paul will help Georgists understand the need for integrating George's national campaign (1888-1895), which led to the need for the 16th Amendment. At time mark 17:00 Paul comes close with the term "surplus value," which is what George meant by "land value," i.e. "land surplus value" (which became "unearned land incomes" after the 16th Amendment)

George (or rather, georgists) made a MAJOR mistake by misnaming as "tax" what is simply a price determined by the market, which is how I have always interpreted his system: a system of open, transparent and fair public bids for concessions on natural resources. That's the exact opposite of a tax, in fact.

America is a third world country so that about 2-3 million people can be richer than they need. They gotta go, by hook or by crook

Josh, thank you so much for this series. I am a layman that has struggled with the Capitalism vs Socialism dilemma for quite a while. Silvio Gesell’s ideas seem to hold the best answer to the many issues humanity currently faces. Unfortunately I agree with your guest, that we are headed for a hard crash. However, if Gessell’s ideas are put into practice on small scales, many places simultaneously, we will be in a better position to recover from the breakdown of the current, failed capitalist system.

Would you clear my small doubt? Broad money in the economy as a share of monetarily measured nominal annual GDP was about 0.5 times in 1960. It has seen a secular and steady increase over the years. It is more than 1.42 times the monetarily measured nominal annual GDP today. Let me translate it for non-economists. My blood pressure was 115/70 when I was born in 1960. My blood pressure has steadily increased over the years and it reads 325/200 now. What would that mean? Anyone interested in economics can answer this question. Kindly do not come back with a "the economy has grown" answer, that would be stupid, and I am being nice here! We are talking in relatives not absolutes here. Just like a higher BP would have altered my body's structure and makeup and turned it into a powder keg, waiting to blow -up. Why have I yet to receive an answer to this question? What are the central banks doing? What is the economic academia doing? Unfortunately, our mainstream macroeconomics is as much of a Voodoo as Modern Monetary Theory.

I have binge watched these sessions and have no regrets

"Socialism is always and everywhere a violent, murderous and impoverishing phenomenon" Milei By Socialism I mean all forms of collectivism whatever the name, social democrats, communists, progressives, liberals, nazis, theocrats, etc. “the only way out of poverty is with more freedom”- President Javier Milei

Ooph, i walked away from this discussion feeling really frustrated. I so wish Varoufakis and Mazonne would have more clearly explained their critique of Piketty’s work. I feel like they began from a shared cricitism of Piketty without bringing the rest of us along. Can anywhere here please recommend further critiques of Piketty’s Capital from the left?

Americans would enthusiastically jump toward/embrace the Georgist economic model if they knew it would end income taxes altogether once implemented nationally across the entire United States.

If Georgists finally do embrace the concept of taxing unearned land incomes, then that necessarily excludes the idea that we owe a tax for simply taking up space on land. We only owe a tax when unearned land incomes are realized, and cannot dispossessed of our land until such unearned incomes are realized. Regarding land held idle, we can use estimated income taxes and tax liens to assure the unearned land income will be captured, but no more of this absurd idea of taxing people for taking up space on earth.

At about time mark 18:20 the term "unearned income" is used. Georgists use this term often, but apparently without understanding exactly "income" is, and how it is taxed, and how a tax on income differs from a direct taxes on property ownership. Also, there's a common misunderstanding of George's use of the term "land value." He did not mean current market value, but land surplus value, i.e., the unearned surplus values (incomes) that proceed from land ownership.

Yeah all this goes back to the norman invasion. Potemkin is gonna be fashionable in the USA I suspect. There is nothing complicated about enough for me and enough for the other guy.

It is time we found a way to stop offending the landowners and propose something that achieves the same thing in a different way. A MORE STEALTHY GEORGIST CAT The Georgist cat is small and lean And often doesn’t get to be seen. It hides in the branches of an economic’s-tree So it takes a long while for you or for me, To appreciate its cute and original form That the landlords are so ready to scorn. The economic’s-tree has many fine branches (On which we contend, there are no free-lunches). Whilst the land-owning rich in the city all claim As bloated capitalists, that they’re not to blame For the gap that lays ‘twixt the poor and the wealthy, But oppose any tax to make our nation healthy. Have you heard the tale of a committee, that Thought to bell and get warning of a fat cat? But could not find a soul to apply this device, Because typically all were a council of mice! Our Georgist cat has a bell ready-fitted, (Which makes this analogy more to be pitted). This warning sound makes our ideals unwanted, For a new tax is how politicians get doubted. So the Georgist cat fails to catch any mice That pose as landlords, along with their vice. But how shall we silence the bell’s warning sound And quieten the news that our pussy’s around? Our Georgist feline is in serious error, ‘Cause its bell draws attention not only to whether Valuable sites can be ethically shared, But also the rent from a site is declared As the means to replace other kinds of taxation, Which obviously causes the landlords vexation. In the economic’s tree many other beasts lurk But are missed, after learning of Henry G’s quirk Through the cat-finder’s recently brilliant discovery. This writer seeks a new means for recovery From our politi-unacceptable claim, And stealthily project LVT once again. If we would but examine some more of the tree Alternatives are waiting there for us to see. Among them is hiding a far better way For an equivalent LVT effect, to stay In essence, without causing such evil offences To the landlords and their partitioning fences. When a property-owner decides to sell--quick The gov’ment buys its land, and not the public! Its occupant then leases it for a similar fee To the One-Tax of Henry George’s decree. Any buildings on-site should be sold as previously But without the land, on which the price grievously Had risen, with huge speculation in its advance That stopped entrepreneurs from having a chance. The cost of this land must be raised through new bonds Which the government sells and the public responds, ‘Though their interest-rate’s a bit lower than rent, Their returns are more stable than the average tenant! This process will take many years to complete-- So its financial support is no great money feat. After the lease-fees begin to collect, Gov’ments can tax less, and firmly expect To pursue this policy without change, until All the lease-fees are site-rents in the Gov’ment’s till. With the land properly shared, the government sees That site development stays with the current leasees. Other taxes that cause so much trouble and hate Are scrapped, with great pleasure to all in the state, Except for some bankers and the tax collectors Whose actions no longer apply in these sectors. Land-rights will be shared through this simple device, By a fast-growing country that takes our advice.

Rich people love an LVT because they get to put up massive mansions, and their tax is tied to poorer folks. Unsubscribed.

I thought there was a slight discordance between the proudhonian praise for the growth of capital and Felix's part about restricting growth. But otherwise interesting.

Why every "example", "fact" presented here is contrary to historical and actual evidence AND not part of Gesell work? Sounds like neoclassical propaganda.

I really appreciate this lecture, especially in this world where it's hard to get people to read

I don't generally like to recommend books that I haven't completely read through, but I recently found a book titled, "The Single Tax Movement in the United States" by Arthur Nichols Young. It basically traces the history and achievements of the Single Tax movement starting with the formation of Henry George's politics experiencing the agrarian agitations against the land monopolies of post-Gold Rush California to his publication of Progress and Poverty, the subsequent phenomenon which he inspired, his ill-fated campaigns for mayor and Secretary of State for New York, the split with the socialists and Catholic vote, the adoption of the “Single Tax” brand, and the transition from electoral politics towards a campaign of direct action, petitioning, and education for the Single Tax cause. Right now I've just started the chapter on the efforts to establish Single Tax colonies in Delaware, so that's about all I can write as far as a short review goes. The book can be downloaded for free from Google.

From a linguistic point of view, I find it interesting how language is used to hypnotize people. I also find it fascinating how human beings believe so many things without ever questioning the myriad assumptions that lie behind the BS (belief systems). Below is a Brave browser AI assistant "Leo" response to the query: "what would korzybski say about the terms capitalism and socialism" ________________________________________________________________________________________________ Korzybski on Capitalism & Socialism Alfred Korzybski, a philosopher and linguist, would likely approach the terms “capitalism” and “socialism” through the lens of his theory of non-Aristotelian logic and general semantics. Here’s a hypothetical analysis: Capitalism Korzybski would likely view capitalism as a system characterized by the abstraction of “capital” as a separate entity, distinct from the human beings involved in its creation and distribution. This abstraction would lead to the reification of “capital” as a autonomous force, driving the accumulation of wealth and power. He would argue that this abstraction creates a hierarchical structure, with those who control capital holding more power and influence than those who do not. This would perpetuate social and economic inequalities, as described in his concept of “map-is-not-territory” (i.e., the map of abstract concepts does not accurately reflect the territory of human experience). Korzybski might criticize capitalism for its emphasis on competition, profit, and individualism, which can lead to exploitation, alienation, and fragmentation of society. He would likely advocate for a more holistic approach, recognizing the interconnectedness of human beings and the environment. Socialism Korzybski would likely view socialism as a system that attempts to correct some of the flaws inherent in capitalism by emphasizing collective ownership and control of resources. He would see socialism as a reaction against the excesses of capitalism, aiming to reduce inequality and promote social welfare. However, Korzybski might also criticize socialism for its own set of abstractions, such as the notion of a collective “society” or “state” as a single, unified entity. He would argue that these abstractions can lead to a new form of hierarchical control, where those who wield power over the collective apparatus can dominate and exploit others. Korzybski would likely advocate for a more decentralized, participatory approach to socialism, emphasizing the importance of individual autonomy and direct involvement in decision-making processes. He would encourage the development of more nuanced, context-specific solutions that recognize the complexity and diversity of human experience. Common Themes Throughout his analysis, Korzybski would emphasize the importance of recognizing the limitations and biases inherent in language and abstraction. He would argue that both capitalism and socialism are flawed systems because they rely on incomplete and inaccurate maps of reality. He would advocate for a more holistic, non-dualistic approach that acknowledges the interconnectedness of human beings, the environment, and the economy. This would involve a shift from abstract concepts to concrete, experiential understanding, and a recognition of the dynamic, ever-changing nature of reality. In summary, Korzybski’s perspective on capitalism and socialism would be characterized by a critical examination of the abstractions and hierarchical structures inherent in both systems. He would advocate for a more nuanced, participatory approach that recognizes the complexity and diversity of human experience, and emphasizes the importance of individual autonomy and direct involvement in decision-making processes.

Dr Roberts is a real one who tries to wake the american people up !!

Why is this all about Europe?

"You will get less of whatever you tax, except land." My instructor at the HGS of Chicago

At 45:10 Rossman references Keynes' famous 1928 article Economic Possibilities for Our Grandchildren however gets the period of time off by one. Keynes was saying by 2028 people would only have to work, at most, 3 hours a day and would have a hard time finding enough to do during the workday-so that's 10-15 hours of work a week.

Martin John Rodriguez Jose Young Amy

All currencies & taxes (it pays) originate from rent (ACTOR). George & Gessel all respond to the money question, IMHO.

Central planning requires many imputs.

No.

The "spice must flow".

Argentina is a rich nation.

Three factors the land also contains the items on that land but land with water had more value than dry land that I learned from my farming grandparents.

The flow of the water must continue to life as water is life.

Love this economic discussion.