Perhaps I have listened to too much Georgist propaganda, but it seems to me that land is pretty important even today. But maybe this is mostly true for land in cities? Not sure. I would like to see some statistics about what was the typical consequence for being an aristocrat during the industrial revolution. I can imagine that each of the following was true for someone, the question is how many:
you get killed
you survive, but your land is taken away
you sell the land trying to join the new economy, but you suck at the new economy, so you lose the money
you keep the land, but it is at an unimportant place, the rent is too low
you keep the land, you get a big rent, you are a successful modern rentier
I’d like to see a pie chart of this. Maybe some other options, if I forgot them.
Perhaps I have listened to too much Georgist propaganda, but it seems to me that land is pretty important even today. But maybe this is mostly true for land in cities? Not sure. I would like to see some statistics about what was the typical consequence for being an aristocrat during the industrial revolution. I can imagine that each of the following was true for someone, the question is how many:
you get killed
you survive, but your land is taken away
you sell the land trying to join the new economy, but you suck at the new economy, so you lose the money
you keep the land, but it is at an unimportant place, the rent is too low
you keep the land, you get a big rent, you are a successful modern rentier
I’d like to see a pie chart of this. Maybe some other options, if I forgot them.