The economy:
"Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth.[1] Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality,[2][3] risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline." From the rent-seeking wiki page.
"Unlike capital, which depreciates with use, and labor, which requires continuous effort to yield returns, land appreciates passively due to its fixed supply and increasing demand as populations grow. Short-term gains from labor or capital often end up benefiting landowners in the long run, making land a logical source of tax revenue. As average wages rise, so do rents. Technological advancements that increase worker productivity typically do not benefit the workers or even business owners for long, as landowners raise rents accordingly (if the business owners own the land as well, they will benefit doubly from the increased efficiency). The inelastic supply of land gives landowners the leverage to capture the gains made by productive society, leaving others on an economic treadmill. This is why owning a piece of land is a key part of "the American Dream"—it represents a way to escape this cycle. Unfortunately, to escape the cycle is to participate in intensifying the problem.
Capitalists must seize every profitable opportunity or lose out to rivals, while disruptions like strikes and idle capital mean wasted resources and lost profits. Workers, on the other hand, scramble for job openings, driving wages down in a desperate race to the bottom. Strikes or lockouts likewise test their endurance, even with strong mutual aid networks. Both groups, dependent on access to land to exist, suffer in this war of attrition.
Meanwhile, the landowner watches from the sidelines, unaffected by their struggles. The landowner’s wealth grows even as their land sits idle, its value increasing simply because others need it. The more land they withhold, the more valuable it becomes. While workers and capitalists battle for survival, the landowner grows richer, profiting from the deprivation they impose on society. The landowner thrives on this struggle, making money not by contributing, but by denying others the essential space they need to do the work that keeps society afloat." https://poorprolesalmanac.substack.com/p/examining-the-confluence-of-farming
"Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth.[1] Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality,[2][3] risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline." From the rent-seeking wiki page.
"Unlike capital, which depreciates with use, and labor, which requires continuous effort to yield returns, land appreciates passively due to its fixed supply and increasing demand as populations grow. Short-term gains from labor or capital often end up benefiting landowners in the long run, making land a logical source of tax revenue. As average wages rise, so do rents. Technological advancements that increase worker productivity typically do not benefit the workers or even business owners for long, as landowners raise rents accordingly (if the business owners own the land as well, they will benefit doubly from the increased efficiency). The inelastic supply of land gives landowners the leverage to capture the gains made by productive society, leaving others on an economic treadmill. This is why owning a piece of land is a key part of "the American Dream"—it represents a way to escape this cycle. Unfortunately, to escape the cycle is to participate in intensifying the problem.
Capitalists must seize every profitable opportunity or lose out to rivals, while disruptions like strikes and idle capital mean wasted resources and lost profits. Workers, on the other hand, scramble for job openings, driving wages down in a desperate race to the bottom. Strikes or lockouts likewise test their endurance, even with strong mutual aid networks. Both groups, dependent on access to land to exist, suffer in this war of attrition.
Meanwhile, the landowner watches from the sidelines, unaffected by their struggles. The landowner’s wealth grows even as their land sits idle, its value increasing simply because others need it. The more land they withhold, the more valuable it becomes. While workers and capitalists battle for survival, the landowner grows richer, profiting from the deprivation they impose on society. The landowner thrives on this struggle, making money not by contributing, but by denying others the essential space they need to do the work that keeps society afloat." https://poorprolesalmanac.substack.com/p/examining-the-confluence-of-farming