Re:Georgism
by tryptophan on Sunday May 17, 2020 @05:09PM
(#23215513)
Private consumption is only possible due to productivity gains due to capital investment.
Venezuelans can't just vote to redistribute nonexistent wealth or declare food to be a human right and magically have sufficient food appear.
Food comes from capital investment in farms, factories, etc. That is real wealth.
>There are a couple of standard answers, including government consumption / public works projects, that can address this.
These answers don't work, and are great at destroying wealth.
(There are a couple of standard answers, including government consumption / public works projects, that can address this.)