Write any three differences between land and capital
To the one, the right of exclusive possession, which makes it individual property, can, like the right of property in slaves, be traced to nothing but municipal law; to the other, the right of exclusive property springs clearly from those natural relations which are among the primary perceptions of the human mind.
This illustrates that privilege and not capital is the real enemy of labor.
This value therefore is the proper fund for defraying the common expenses of the whole population; and it must be taken for public use, under penalty of generating land speculation and monopoly which will bring about artificial scarcity where the Creator has provided in abundance for all whom His providence has called into existence.
An entrepreneur is an individual, who provides initial capital to start the venture and arranges additional funds required to carry on activities and expand the business.
This is the point I want to make clearly and distinctly, for it shows a distinction that in current thought is overlooked. Privilege is unpaid for and eternal.
Your Holiness, it is not the forethought of carrying water where it is needed, but the forethought of seizing springs, that you seek to defend in defending the private ownership of land!
It is a secondary and compound factor, coming after and resulting from the union of labor and land in the production of wealth. Increasing Productivity: Refers to one of the main advantage of division of labor.
Is land a capital
A lot and the house which stands upon it are alike property, alike have a tangible value, and are alike classed as real estate. These men who have taken possession of this raft, this little planet in this endless space, are not even content with taking all there is and leaving the rest barely enough to hold onto, but they think so much of themselves and their brief day that while they live they must make rules and laws and regulations that parcel out the earth for thousands of years after they are dead and, gone, so that their descendants and others of their kind may do in the tenth generation exactly what they are doing today — keeping the earth and all the good things of the earth and compelling the great mass of mankind to toil for them. In countries like the United States there is much valuable land that has never been improved; and in many of the States the value of the land and the value of improvements are habitually estimated separately by the assessors, though afterward reunited under the term real estate. And it is for him to defend that birthright. The value of a building, like the value of goods, or of anything properly styled wealth, is produced by individual exertion, and therefore properly belongs to the individual; but the value of land only arises with the growth and improvement of the community, and therefore properly belongs to the community. However, plant and machinery are goods that are permanent and are purchased only once. Nor are these mere abstract distinctions. You cannot get people to do anything that is simple; they want it complex so they can be fooled. For economic purposes, land has a wider meaning than that which is usually assigned to it by lay persons. Personal Life: Implies that increase in number of employment opportunities through division of labor also involve the employment of women and children.
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