The Global Financial System Has Zeroed in on Land, on Real Estate

The bulk of the world's investment is now in real estate, meaning the ownership of land and buildings on top of it for profit. Global real estate is valued at 217 trillion dollars - 36 times the value of all the gold that's ever been mined anywhere in the world throughout history. How and why did this happen? It has to do with falling rates of profit in many other industries, and then the rising value of the money you can make simply from owning a thing for capital gains. All of that is a much faster rate of growth than investing in traditional manufacturing. In cities like mine, in new york city, there was a pretty active push from the real estate industry, from urban