I also think that unless some event happens that serves to dismantle (to a greater or lesser extent) the existing power structure, this will never happen.
I also think that unless some event happens that serves to dismantle (to a greater or lesser extent) the existing power structure, this will never happen.
I've always assumed that this is because those who think land is just another free market commodity (it isn't) don't realise there's anything to talk about, so they keep quiet.
However, those that understand realise they can use land to bypass the free market and get a constant flow of free money through rent. They then routinely lie about it so they get to carry on.
My hope is that new technology such as the linked map of land ownership will lower the bar to learning how land works far enough that it becomes hard to lie about it effectively.
Land is a monopoly, but most people are not even aware that economists describe it as such, let alone knowing how the monopoly works. I think once that begins to change, we will see reform. More of an education issue than anything else.
Or check out Are you a Real Libertarian, or a ROYAL Libertarian? http://geolib.com/essays/sullivan.dan/royallib.html
Think about it: Even your perfectly legal little house, was taken by force or chance at some point back in history.
Ownership is a limited-use social contract. There's less you can do every day.
This means that if you want to a) live walking distance from your parents (free childcare, so your partner can work and you get double income) and b) be able to commute to your place of work, there are certain number of qualifying pieces of land and no more. If someone already owns them all, you have no other choice but to buy or rent one of those. No entrepreneur can undercut high land prices with a cheaper equivalent, therefore it's a monopoly.
Yes, of course, in the limit where there is particular item for which there is no substitutes, this approaches a monopoly. Hence, certain pieces of land can roughly be described as monopolies, as can, say, the Mona Lisa. But this doesn't make it reasonable to characterize most land as a monopoly. Most land is substitutable, for most purposes and for most buyers, by different land. The unrealistic supposition that "someone already owns them all" in your hypothetical highlights this. How often can anyone say "I rented a house/apartment for which there were zero feasible alternatives from another seller"? Almost never.
I didn't explain the example I used very well. In the case you mention: renting an apartment, there are indeed always alternative locations. However, that does not mean the market is competitive. The key difference is that from your perspective, these bits of land are equivalent, but from other people's perspective, they are not. One of those locations that you may consider to be nothing special may be another person's number one choice because it's close to something they value, which you don't care about. That could be friends, family, work, amenities, businesses that your business depends on, raw materials, transport links, etc, etc. Each buyer has unique needs and each location has a unique set of things it's close to. That means that the seller/landlord does not need to bother attempting to attract your business in a competitive way as this other person for whom that location is their best option (and likely others too) will already have approached them. In effect, each unique location is an auction, with a different group of buyers interested (at different prices) each time. This only happens because land doesn't move. If it did move, then the locations would not be unique and the market would work more as you imply it would.
The outcome is that each piece of land is sold based on the highest bid offered by any buyer. A characteristic of a monopoly. This is the opposite of a free market, where things are sold as a result of the lowest price offered by any seller.
Your explanation doesn't save your example. It will always be the case that, for any given buyer in a non-commodity market, one choice is better than all the other. (If the products are not identical, one will essentially always be at least a bit better than the others for some reason.) However, this doesn't approach a monopoly except as the alternatives become arbitrarily bad in comparison (i.e., do not function as substitutes). Yes, in this limit, it's a monopoly, but this is almost never the case.
Your remaining comments imply that anything sold at auction is a monopoly and not a free market. You also incorrectly ascribe this to lack of mobility:
> In effect, each unique location is an auction, with a different group of buyers interested (at different prices) each time. This only happens because land doesn't move.
Art, used cars, items on eBay, etc., are all products that move (unlike land) yet "each...is an auction, with a different group of buyers interested (at different prices) each time". Again: the key mistake is that you are conflating all non-commodities as monopolies.
What about the money that you spent buying/restoring/maintaining land instead of doing something else?
There's also risks when renting your private property. What if they don't want to leave? You can't kick them out, you need to begin a trial and justice is very slow (it takes at least 2 years and as long as 10 years in Argentina and I've heard it's the same on most countries of the EU). And it's not like you'll get your money back (the losses of not renting that property while it was occupied plus judicial expenditures).
I agree that there are people who own lots of land and properties, but it's their right because they used their money for it, instead of doing something else.
I can't really see it happening in England.
Property tax is the only way to level the playing field for everyone. If you want to hold land, you have to pay yearly for it based on it's value.
This system discourages selling/buying property since you pay taxes on the transaction. The whole framework seems to be crafted specifically to reward those who already hold land. It's very similar to the NYC taxi medallion problem.
If so that sounds terrible.
[0] http://www.independent.co.uk/news/uk/politics/labour-land-va...
I have no idea if this is good or bad, compared to the U.K
[1] http://www.landreport.com/americas-100-largest-landowners/