Publisher's Synopsis
Excerpt from State Socialism and the Nationalisation of the Land
We cannot help thinking that such proposals as those we have been considering, either to nationalise the land Or to appropriate the unearned increment, would take us with regard to land reform exactly in the opposite direction to that in which we ought to move. If we associate with the ownership of land any disability or disadvanta e which' does not belong to other kinds of property, a (firect dis couragement is offered to the investment of capital in the improvement of the soil: whereas what above all things should be striven after is, to promote the free ?ow of capital to agriculture. At the present time so great is the accumulation of capital in this country that it ?ows in a broad and continuous stream towards almost every quar ter of the world. This takes place at a time when the productiveness of millions of acres of land in this country might be increased by improved cultivation. As the field for the employment of labour on the land extended, wages would be increased, a stimulus would be given to the general industry of the country, and the extra food which would be yielded would bring additional comfort to every humble home.
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