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Rory's brain vs ChatGPT, outrageous marketing, work trends and MUCH more w/ Rory Sutherland | E1756
This Week in Startups
The Problem With Capitalism Is That Location Is Importance
I believe in Henry George's objection that the problem with capitalism is that land and you could even argue fossil fuels are not like other markets because they're rivalerously consumed. And therefore rent seeking by landowners basically sucks out the rewards to entrepreneurialism or invention or just work. A giant tax. So, it strikes me that the second best thing we can do other than the land value tax is to come up with technologies that make location irrelevant. The car was, the train was one, the canal was another, I guess, okay. But undoubtedly, I would say that the car was, I think, spectacular. It's important because you could go and buy, you know, start a
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