Wealth and Want
... because democracy alone is not enough to produce widely shared prosperity.
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Collectors' Items

Most manmade things, including houses and cars, depreciate over time. Being manmade, they do not last forever, and most start to decline in usefulness and value almost immediately.

Land, however, being both permanent and fixed in supply, does not depreciate. When demand rises — whether as a result of population increases, the attraction of natural amenities, the activity of the private sector as a whole, or public investment in infrastructure or services — the supply can't rise. So land prices rise. This translates into a lot of social ills, since we humans are by our nature highly dependent on having access to land. It isn't land's fertility that gives it the most value, but its location.

The Most Rev. Dr Thomas Nulty, Roman Catholic Bishop of Meath (Ireland): Back to the Land (1881) 
The Price of Land a Monopoly Price.
This privileged class not merely sells the use of God's gifts, but extorts for them a price which is most unjust and exorbitant; in fact, they hardly ever sell them at less than scarcity or famine prices. If a man wants to buy a suit of broadcloth, the price he will be required to pay for it will amount to very little more than what it cost to produce it — and yet that suit of clothes may be a requirement of such necessity or utility to him that he would willingly pay three times the amount it actually cost rather than submit to the inconvenience of doing without it. On the other hand, the manufacturer would extort the last shilling he would be willing to give for it, only that he knows there are scores of other manufacturers ready to undersell him if he demanded much more than the cost of its production. The price, therefore, of commodities of all kinds that can be produced on a large scale, and to an indefinite extent, will depend on the cost required to produce them, or at least that part of them which is produced at the highest expense.

But there is a limited class of commodities whose selling price has no relation or dependence at all on the cost at which they have been produced; for example, rare wines that grow only on soils of limited extent; paintings by the old masters; statues at exquisite beauty and finish by celebrated sculptors; rare books, bronzes and medals, and provisions or articles of human food in cities during a siege, and more generally in times of scarcity and famine — these commodities are limited in quantity, and it is physically impossible in the circumstances existing to increase, multiply, or augment them further. The seller of these commodities, not being afraid of competition, can put any price he pleases on them short of the purchasers' extreme estimate of the necessity, utility, or advantage to themselves of such commodities.

Fabulous sums of money, therefore, have been expended in the purchase of such commodities — sometimes to indulge a taste for the fine arts; sometimes to satisfy a passion for the rare and the beautiful; and, sometimes, too, to gratify a feeling of vanity or ambition to be the sole proprietors of objects of antiquarian interest and curiosity. On the other hand, enormous sums of money have been paid in times of scarcity or during a siege for the commonest necessaries of life, or, failing these, for substitutes that have been requisitioned for human food, the use of which would make one shudder in circumstances of less pressing necessity.   Read the whole letter

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Wealth and Want
... because democracy alone hasn't yet led to a society in which all can prosper