It’s also possible to achieve nationalization of land while compensating current landowners. Under Silvio Gesell’s proposal, public ownership of land should be accomplished by making the government purchase all land from current landowners through a massive amount of government land bonds, which would be paid over in 20 years by leasing the land through a system of competitive bidding for leases. This would achieve many of the intended effects of Georgism.
It’s also possible to achieve nationalization of land while compensating current landowners. Under Silvio Gesell’s proposal, public ownership of land should be accomplished by making the government purchase all land from current landowners through a massive amount of government land bonds, which would be paid over in 20 years by leasing the land through a system of competitive bidding for leases. This would achieve many of the intended effects of Georgism.
I’ve written more about this topic here: https://zerocontradictions.net/civilization/georgism-crash-course#freiland