{"id":2868,"date":"2020-12-13T15:21:01","date_gmt":"2020-12-13T15:21:01","guid":{"rendered":"https:\/\/ditext.com\/wordpress\/?p=2868"},"modified":"2021-07-05T17:17:27","modified_gmt":"2021-07-05T17:17:27","slug":"two-foundations-of-capitalism","status":"publish","type":"post","link":"https:\/\/ditext.com\/wordpress\/2020\/12\/13\/two-foundations-of-capitalism\/","title":{"rendered":"Two Foundations of Capitalism"},"content":{"rendered":"\nCapitalism is best understood as a method to create a pool of people who must work to survive (proletarians).  This method &#8212; carried out by the State in the form of laws &#8212; is twofold: (1) forbid free access to subsistence land, (2)  introduce a property tax. [The British in Africa called it a &#8220;hut tax.&#8221;]\n<p>\nThe consequence is that even after buying a property and getting rid of a mortgage on the property, no one can live on such a property for free because there is a rent to be paid to the government &#8212; a property tax.\n<p>\nI came across an interesting article explaining the origin of property taxes:<p> \nAlana Semuels, <a href=\"https:\/\/www.theatlantic.com\/business\/archive\/2016\/08\/the-feudal-history-of-property-tax-in-america\/497099\/\">&#8220;The Feudal Origins of America\u2019s Most-Hated Tax,&#8221;<\/a> <i>The Atlantic<\/i>, August 24, 2016.\n<\/p><p>Her source of information seems to be:\n<\/p><p>Jonathan R. T. Hughes, <a href=\"https:\/\/archive.org\/details\/governmentalhabi00hugh\">The Governmental Habit Redux: Economic Control from Colonial Times to the Present<\/a>, 1991.\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capitalism is best understood as a method to create a pool of people who must work to survive (proletarians). This method &#8212; carried out by the State in the form of laws &#8212; is twofold: (1) forbid free access to subsistence land, (2) introduce a property tax. [The British in Africa called it a &#8220;hut &hellip; <a href=\"https:\/\/ditext.com\/wordpress\/2020\/12\/13\/two-foundations-of-capitalism\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Two Foundations of Capitalism&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2868","post","type-post","status-publish","format-standard","hentry","category-capitalism"],"_links":{"self":[{"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/posts\/2868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/comments?post=2868"}],"version-history":[{"count":1,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/posts\/2868\/revisions"}],"predecessor-version":[{"id":2869,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/posts\/2868\/revisions\/2869"}],"wp:attachment":[{"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/media?parent=2868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/categories?post=2868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ditext.com\/wordpress\/wp-json\/wp\/v2\/tags?post=2868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}