Wealth and Want
... because democracy alone is not enough to produce widely shared prosperity.
Home Essential Documents Themes All Documents Authors Glossary Links Contact Us

 

Ponzi Scheme

 

Henry George:  The Land Question (1881)

When a man makes a fortune by the rise of real estate, as in New York and elsewhere many men have done within the past few months, what does it mean? It means that he may have fine clothes, costly food, a grand house luxuriously furnished, etc. Now, these things are not the spontaneous fruits of the soil; neither do they fall from heaven, nor are they cast up by the sea. They are products of labor – can be produced only by labor. And hence, if men who do no labor get them, it must necessarily be at the expense of those who do labor.

 

 

 

 

To share this page with a friend: right click, choose "send," and add your comments.

Red links have not been visited; .
Green links are pages you've seen

Essential Documents pertinent to this theme:

essential_documents
Home
Top of page
Essential Documents
Themes
to email this page to a friend: right click, choose "send"
   
Wealth and Want
www.wealthandwant.com
   
... because democracy alone hasn't yet led to a society in which all can prosper