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HGFC / EC Meeting Thurs March 22, Madison, 7:30 pm

Earthsharing Canada Google Group - 10 hours 30 min ago
Hi all, if you you can make it tomorrow, would be great. The Madison Ave pub, across from the School of Philosophy on Madison Avenue, just north of Bloor. Brendan, can you phone in to my cell 867-689-2550 and I'll put you on speaker, around 8. 1. The relationship between the HGFC and FC 2.

Canada invented fiat currency

Earthsharing Canada Google Group - Wed, 2018-03-14 19:21
https://www.biu.ac.il/soc/ec/wp/2009-06.pdf The Inventions and Diffusion of Hyperinflatable Currency Dror Goldberg Department of Economics Bar Ilan University Paper money, when discretionally issued by a government, can be a very powerful political and economic tool. Who invented it and who

Fixing the Fiasco, the Georgist case in 2 minutes

Earthsharing Canada Google Group - Tue, 2018-03-13 20:24

HGFC / EC Meeting Thurs March 22, Madison, 7:30pm

Earthsharing Canada Google Group - Wed, 2018-02-28 20:12
OK, this is great. Please let me know who else is hoping to attend. So far: Paul Ramses Paraic Lally Sue Honsl Frank de Jong Think about ideas for the agenda: 1. The relationship between the HGFC and FC 2. Changes to the HGFC website 3. Recent activities of the HGFC (booklaunch) 4.

Henry George Foundation of Canada / Earthsharing Canada meeting in Toronto

Earthsharing Canada Google Group - Tue, 2018-02-27 01:52
Yes, let's have a meeting. I'll be in Toronto from March 19 - 29, so just to pick a day, how about Thurs March 22, and how about the Madison? Or if you're keen but can't make that date, suggest a different date or place. Frank 867-689-2550 On Fri, Feb 23, 2018 at 7:54 AM, paul ramses

Re-purposed Earthsharing Canada website

Earthsharing Canada Google Group - Wed, 2018-02-21 23:38
Hi all, As many of you may know, for many years the initial Georgist organization in Canada was the Henry George Foundation of Canada. Then, about 6-7 years ago we decided we needed a Georgist organization with a "more exciting" name so we followed the lead of the Australian and US Georgists

Labour plans to make landowners sell to state for fraction of value

Earthsharing Canada Google Group - Sat, 2018-02-03 23:25
https://www.theguardian.com/politics/2018/feb/01/labour-plans-landowners-sell-state-fraction-value?CMP=share_btn_link This article only shows the value inherent in L.V.T. It would be much more pervasive and would be much less draconian. I think this policy would only encourage urban sprawl, and

Henry George: From Poverty to Politics

Earthsharing Canada Google Group - Thu, 2018-02-01 02:44

How Is Rentier Capitalism Aggravating Inequality?

Earthsharing Canada Google Group - Fri, 2018-01-26 15:53
Once in a while there is a relevant session at Davos - World Economic Forum. Amidst all the rock stars and movie stars, corporate giants and clammoring politicians, there comes a few wise words. Check out this session with Venezuelan economist Ricardo Hausmann and British economist Guy

You Don’t Need a Telescope to Find a ‘Shithole Country’

Earthsharing Canada Google Group - Mon, 2018-01-15 21:51
Henry George was certainly prophetic. Sadly the rise of “the worst elements” and rampant inequality has only reached the extremes they have with the support and assistance of government. By condoning and maintaining the private appropriation of land revenues which underpins the capitalist regime

Ground rent: ‘We feel like prisoners in our own home’

Earthsharing Canada Google Group - Sun, 2018-01-14 15:49
How does Geoism combat or overcome this kind of rampant greed? This is even worse than feudalism. https://www.theguardian.com/money/2018/jan/13/ground-rent-young-homebuyers-charges?CMP=share_btn_link

Millennials set to reap huge rewards of inheritance boom

Earthsharing Canada Google Group - Sat, 2017-12-30 09:33
https://www.theguardian.com/money/2017/dec/29/millennials-set-to-reap-huge-rewards-of-inheritance-boom?CMP=share_btn_link Two things strike me from this article. One is that the Halifax Building Society does not appear to have any difficulty in assessing the value of all property in the U.K.

Merry Christmas Geoists

Earthsharing Canada Google Group - Tue, 2017-12-26 15:08

Putting Land and Power Back into Economics

ECONAMICI A land economist's view - Sun, 2017-12-10 22:48

In The Wealth of Nations, Adam Smith wrote, “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.” By land, Smith and the “classical” economists who followed him meant all natural resources. The landlords were the ruling class, heirs of the conquerors of the territory, deriving their “rent” from the mere privilege of having titles granted and protected by the state. Smith and the others argued that the best tax was one that fell on the market value of land, collecting the landlords’ rent. “Neoclassical” economics was invented in the late 1800’s by John Bates Clark to pull the teeth from classical economics by merging land into capital–partly in response to Henry George and other reformers who sought to implement land taxation. Rethinking the Economics of Land and Housing, by three British economists, puts land and power back into economics. It also provides an enlightening history of British postwar housing policy, which has gone from building inexpensive rental housing for the working class, to pumping up property values for the ownership class.

READ THE REVIEW from Dollars and Sense November/December 2017

Tony Blair backs Labour’s ‘land value tax’ to tackle housing crisis

Earthsharing Canada Google Group - Sun, 2017-12-03 11:52
https://www.theguardian.com/politics/2017/dec/03/tony-blair-backs-labour-land-tax-solve-uk-housing-crisis ? Tony Blair backs Labour’s ‘land value tax’ to tackle housing crisis Michael Savage Sunday 3 December 2017 00.05 GMTLast modified on Sunday 3 December 2017 10.18 GMT Tony Blair is

Fw: Wednesday briefing: Location inflation – Britain's homes worth £6tn

Earthsharing Canada Google Group - Wed, 2017-11-29 17:59
Wednesday briefing: Location inflation – Britain's homes worth £6tn | World news | The GuardianThis article from the Guardian (first story) should be of interest. It seems someone has no difficulty in assessing property values. This clearly illustrates the potential for public revenue if this

Fwd: Earthsharing Newsletter for November 2017

Earthsharing Canada Google Group - Mon, 2017-11-27 19:46
From: Earth Sharing Date: Mon, Nov 27, 2017 at 2:20 PM Display problems? View this newsletter in your browser. < http://links.earthsharing.org/wf/click?upn=KQT20QozOWIgrgD8pWQt80V2-2F3rQD8VyU6hmIzUSfF5Y5gYyPmb3TmVGwyhMqUjG6WmsVLiKDBsqKOAIRLFjdbtAFlyuv3ZOAfFkPPU8pjbO6Yv5Z


Earthsharing Canada Google Group - Thu, 2017-11-23 23:14
B.C. union's affordable housing plan proposes taxes targeting speculators < http://www.cbc.ca/news/canada/british-columbia/bcgeu-affordable-housing-plan-speculation-bc-1.4413076>

The Democrats Confront Monopoly

ECONAMICI A land economist's view - Tue, 2017-11-21 23:23

In the 1970’s when I studied microeconomics in grad school, we got to monopoly briefly in one of the last chapters of the text. We learned that monopoly really wasn’t a such a problem. If a big corporation tried to raise prices to take advantage of a monopoly position, why, competitors would immediately rush in. So not to worry, it was in the interest of monopolists to behave. Moreover, monopolists enjoyed economies of scale, allowing the likes of Walmart to deliver lower prices to consumers than the mom and pop stores they put out of business. By that measure, laws like the Clayton Antitrust Act of 1914, designed to protect small businesses from anticompetitive practices…were actually anti-social as they kept consumer prices high. There was no hint of trustbusters’ original concern for concentrated political power, or exploitation of workers. This was the Chicago School theory of benign monopoly.

Since I knew the brutal history of some of the great monopolists like Standard Oil, American Tobacco, or AT&T, I took this lesson with a grain of salt. But I didn’t worry too much. Why? Because for the post World War II period, corporate concentration hadn’t notably increased. Yes, some big firms had merged, but others had broken up. Antitrust seemed to be doing its job. Little did I know how the Chicago theory of monopoly was even then taking the legal world by storm. That was the work of Yale Law School professor Robert Bork, who published The Antitrust Paradox in 1978. (In 1987, the Senate would deem Bork too conservative for the Supreme Court.)

The Democrats Confront Monopoly”, by Gilad Edelman in the November/December Washington Monthly, tells the story. Starting slowly in the Reagan Administration, then with gathering momentum, through both Republican and Democratic administrations, larger and larger mergers got the green light from the Justice Department and the courts. It was Bill Clinton after all, who took the Glass-Steagall shackles off the banks, allowing the disastrous merger of commercial and investment banking.

Meanwhile, economists began to notice growing inequality and wage stagnation. They came up with a variety of explanations: Maybe workers lacked skills to work with modern technology. Maybe it was competition with low wage workers overseas. Maybe it was just inevitable as machines took over jobs. I focused on a different explanation: Starting in the Reagan Administration, the tax system—federal, state, and local—increasingly favored what was not yet called The One Percent.

But in 2009, a book knocked me over: Barry Lynn’s Cornered: The New Monopoly Capitalism. Lynn, a business journalist, had seen a what we economists had missed: growing monopolization was making the American economy more unequal, less innovative and more unstable. In fact, the same was happening internationally, as multinational corporations took over more and more of the world economy. But Lynn didn’t stop with an exposé. Instead, he created a team of researchers at the New America Foundation, where he was a fellow. His team produced a whole series of eye-opening reports, published mostly in the Washington Monthly. Gradually the message got out, and was picked up by leaders on the left end of the Democratic Party, including Senators Bernie Sanders, Elizabeth Warren and Al Franken, and economists like Joseph Stiglitz and Paul Krugman.

Then, disaster, and a lesson. On June 27 this year, Lynn’s team released a statement welcoming a European antitrust action against Google. Google, a major funder of New America, apparently complained. Two days later, Lynn’s team were told to be out by the end of August. As observed in hundreds of outraged editorials and articles, there could hardly have been a better textbook example of the dangers of monopoly.  Lynn and his team have now set themselves up as the Open Markets Institute, but funding remains precarious.

Meanwhile, the team continues research and publication. In the same issue of the Washington Monthly, Phillip Longman explains How Big Medicine Can Ruin Medicare for All. Unless we address the growing monopolization of hospitals and their suppliers, Medicare-for-all or single-payer will resemble the Pentagon facing the defense contractors. (I can relate to the medical monopoly issue: In New York City, Mount Sinai Hospital has just taken over a number of other hospitals and medical buildings. Doctors practicing in these places were given a choice: sell their practices to Mount Sinai or get out. My gynecologist sold Sinai her practice; my shoulder surgeon angrily moved to an inconvenient midtown location.)

In June 2016, at an event organized by Lynn, Elizabeth Warren delivered a stunning speech on the damage of monopoly and the importance of reviving antitrust. Shortly afterwards, I attended a New York presentation by Alan Blinder, Hillary Clinton’s economic policy adviser. He focused on Hillary’s positions on issues vis-à-vis Trump’s and those of the median voter, complete with graphs. He suggested that Bernie had pulled her away from that median voter—a bad idea. Absolutely not a hint that Hillary should lead, rather than try to sniff out the densest patch of voters. One issue Blinder didn’t have on the list was antitrust, so I raised my hand and asked. “Oh,” he said, “that’s not a priority at present, but maybe after her first two years…”

Fwd: IU Forum THE GREEK CRISIS Monday 20 November

Earthsharing Canada Google Group - Sun, 2017-11-19 12:14
---------- Forwarded message ---------- From: Alanna Hartzok Date: Sat, Nov 18, 2017 at 7:35 PM Subject: IU Forum THE GREEK CRISIS Monday 20 November To: David Triggs *“Greek Crisis: The Archetype of the Current Struggle of a Productive
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