Land Ownership and Rent

Private ownership of land is identified as the fundamental cause of inequality, with rent capturing the value created by society and progress, driving down wages and interest.

George argues that private land ownership drives up rent, suppressing wages and interest, and that making land common property is the necessary remedy.

Rent is identified as a key factor in the unequal distribution of wealth.

Highlights the law of rent as a key but isolated component in the distribution of wealth, needing correlation with wages and interest.

Defines rent as the monopoly price of land, determined by the margin of cultivation, and explains how land ownership appropriates surplus production.