Monopoly’s Inventor: The Progressive Who Didn’t Pass ‘Go’
nytimes.com
nytimes.com
A PDF of this book is available at http://progressandpoverty.org/
In effect, this means state ownership, which we've later learned to be very dangerous when taken to that level.
Interesting little snippet:
> Although both advocated worker's rights, Henry George and Karl Marx were antagonists. Marx saw the Single Tax platform as a step backwards from the transition to communism.[52] On his part, Henry George predicted that if Marx's ideas were tried, the likely result would be a dictatorship.[53]
I dunno. Sounds like a good idea to me. The government owns all the land and rents out 10 year leases to the highest bidder in the case of contention. Currently all that rent-seeking money goes to private individuals who do diddly-squat for the public good. Should society reward sitting on land rights? No, society should award work.
The government owns all the land and rents out 10 year
leases to the highest bidder in the case of contention.
So car company A leases some land for $x builds a factory at a cost of $5x. Good news, jobs for the local economy and whatnot. The factory can't be moved, and they want to operate it for 30 years.After 10 years the lease comes up for renewal. Car company A wants to renew the lease for another $x. But car company B wants to fuck with their competitors, so they put in a bid for $3x. They know they won't win so they won't have to pay (car company A don't want to lose their $5x factory so they'll have to outbid) - they just want to raise their competitors' expenses.
That happens a few times and all of a sudden nobody wants to build factories any more.
Then you realise the same thing applies to your asshole neighbour's house...
Land with a house on it is worth more than land without a house on it. Land that's been cleaned up is worth more than land that was contaminated in the past.
If, a few years after you increase the land's value, all that extra value goes to the state, why should anyone increase land's value?
With enough of a time buffer between the auction and the transfer this might solve the problem.
A Dutch auction, as mentioned in another comment, is an interesting modification as well.
"In 1977, Joseph Stiglitz showed that under certain conditions, spending by the government on public goods will increase aggregate land rents by an amount equal to government spending on public goods. This result was dubbed by economists the "Henry George Theorem", as it characterizes a situation where Henry George's 'single tax' on land values, is not only efficient, it is also the only tax necessary to finance public expenditures."
http://www.gamasutra.com/blogs/RaminShokrizade/20130405/1899...
https://en.wikipedia.org/wiki/Hernando_de_Soto_Polar#Main_th...
This bit was interesting:
She created two sets of rules for her game: an anti-monopolist set in which all were rewarded when wealth was created, and a monopolist set in which the goal was to create monopolies and crush opponents. Her dualistic approach was a teaching tool meant to demonstrate that the first set of rules was morally superior.
And yet it was the monopolist version of the game that caught on
Another general sad thing, sometimes the bad version you send to the client/customer is the one they like, apparently also baked into history.
In the 23rd century people will build statues of Miley Cyrus, inventor of the Internet.
I read the part about Tesla and I still don't see the big deal. What exactly did Edison do to Tesla that everybody is so upset about? Edison wanted DC, Tesla AC and Tesla won. Tesla also made lots of money because of his patents too. He could have made more had he not given away large portions of his shares.
So I dont see how can compare it to products released to costumers.
I mean, how many games do you, or anybody play where everybody wins or loses the same. I can't think of many video or boardgames where this is the premis. So people just dont seam to care about it.
https://archive.org/stream/HarrisonBergeron/Harrison%20Berge...
Battlestar Galactica, Pandemic, and Shadows over Camelot are popular co-op board games. Pandemic particularly has obtained a good amount of main stream appeal.
I'm sure most people here have put a lot of work into designing/inventing something or other, but wouldn't feel cheated if they found someone else had seen their idea floating around the internet, rebuilt it independently to fit a paying market, done the hard work marketing it, and finally made money off it. Those are the hard bits!
The linked article strongly implies Elizabeth Magie Philips invented the source material for what later became Monopoly. That we've been playing a cut down version of her game is hardly important, recognition is the least we can offer inventors. It's clear that Parker Brothers did what they could to cut her out of the history of the game, I hope that we don't condone that behaviour.
I'm interested to try The Landlord's Game, I wonder what the situation with the patents are now.
A great business person, Steve Jobs for example, would have a very hard time with a crappy idea. Even he would have struggled if his product were something stupid, like a toaster that sings a song whenever the toast is done as opposed to something as revolutionary as personal computing. Ideas do matter, and having a unique and useful solution to a real problem is an important part of building a company.
Every business doesn't require a long slog that involves years of effort and personal financial risk. If an inventor creates something truly amazing, like a hoverboard, it will fly off the shelves despite his or her best efforts to screw it up. Great ideas tend to sell themselves and don't always need years of dedication and hard work once the product itself is finished. And fwiw, the majority of inventions require more than a few hours of thought in someone's spare time.
Both idea and execution have equal value, but they don't have to be present in equal proportion as a criteria for success. It's possible build a company with great execution on a mediocre idea or bad execution on a great idea. The best companies are usually balanced between both.
I think land tax is only appealing to people who don't understand income tax (and proper wealth taxes). They have been tricked (by obfuscation from both the left and right) into believing that income and wealth taxes are unable to achieve the goal of meaningful redistribution of wealth.
[0] Yes there are frictions, but not relevant to this discussion.
http://www.amazon.com/Toward-Truly-Free-Market-Distributist/...
There's a particularly salient chapter on Land.
(Medaille positions Distributism as orthogonal to both Capitalism and Socialism.)