3min chapter

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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High

Dwarkesh Podcast

CHAPTER

How Asia Works

In a book called How Asia Works, Joseph Stadwell talks about why some Asian economies grew gangbusters in the last out of the 20th century. He says it's because they distributed land away from existing aristocracy and gentry towards people who are like working the land. Any improvement that the peasants make to the land will be a signal to the landowner to increase the rent due to Ricardo's law rent. In a poor country, what you have is a shit ton of labor. So you want something that's like labor intensive. And everybody benefits basically.

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