Wealth - Wealth in The Form of Land

Wealth in The Form of Land

In the western tradition, the concepts of owning land and accumulating wealth in the form of land were engendered in the rise of the first state, for a primary service and power of government was, and is to this day, the awarding and adjudication of land use rights.

Land ownership was also justified according to John Locke. He claimed that because we mix our labour with the land, we thereby deserve the right to control the use of the land and benefit from the product of that land (but subject to his Lockean proviso of "at least where there is enough, and as good left in common for others.").

Additionally, in developed countries post-agrarian society (industrial society) this argument has many critics (including those influenced by Georgist and geolibertarian ideas) who argue that since land, by definition, is not a product of human labor, any claim of private property in it is a form of theft; as David Lloyd George observed, "to prove a legal title to land one must trace it back to the man who stole it."

Many older ideas have resurfaced in the modern notions of ecological stewardship, bioregionalism, natural capital, and ecological economics.

Read more about this topic:  Wealth

Famous quotes containing the words wealth, form and/or land:

    The wealth and prosperity of the country are only the comeliness of the body, the fullness of the flesh and fat; but the spirit is independent of them; it requires only muscle, bone and nerve for the true exercise of its functions. We cannot lose our liberty, because we cannot cease to think.
    Humphry, Sir Davy (1778–1829)

    Self-esteem is the real magic wand that can form a child’s future. A child’s self-esteem affects every area of her existence, from friends she chooses, to how well she does academically in school, to what kind of job she gets, to even the person she chooses to marry.
    Stephanie Martson (20th century)

    That garret of the earth—that knuckle-end of England—that land of Calvin, oat-cakes, and sulphur.
    Sydney Smith (1771–1845)