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Authors warn of coming financial crisis

Further Reading:

The Art of Industrial Warfare

The Art of Industrial Warfare
by Amar Manzoor


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Boom Bust
by Fred Harrison


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The Corruption of Economics
by Mason Gaffney and Fred Harrison

It is no secret to many of our readers that an economy which ignores the vital contribution that a land value tax has to offer is subject to the peaks and troughs in the property market. Fred Harrison, the author of Boom Bust and other books predicted the crash of 2008 in 2005. He has recently being speaking to Joshua Philipp, a journalist for the International publication the Epoch Times. You can read the full article here. Some highlights from the piece are outlined below.

Josh’s article pulls together Fred’s predictions for the forthcoming economic downturns and Amar Manzoor’s suggestions about how business leaders should respond. Amar Manzoor is the author of The Art of Industrial Warfare.

‘Amar Manzoor has approached the looming financial crisis from the standpoint that governments aren’t likely to change the way taxes work. Instead of talking to governments about fixing it, he created the 7Tao system to allow businesses to weather it.

Manzoor has been running the 7Tao industrial warfare training method for U.K. businesses, in cooperation with the British government, but recently brought the system to the United States in cooperation with a company called Spectre.’

Fred Harrison has long focussed on identifying and predicting the likely peaks and troughs in the cycle of real estate with a view to persuading governments to respond with a change in their taxation methods. Several of his books expand on the theories made famous by Henry George and encouraged by many economists who follow in his footsteps.

‘The tax on land could theoretically break the 18-year cycle by disrupting the cycle of the real estate market, pricing people out. Since the tax is based on the value of the land only, exluding the value of improvements, it discourages the inflation of land prices.

“We’ve been so brainwashed into just not recognizing the significance of land and rent, that the economic cycle acts as it does, creating havoc, and it repeats itself when it could be so easily corrected,” Harrison said.’

Shepheard-Walwyn supports the Georgist concepts outlined within Fred’s books and others within the Ethical Economics programme. Manzoor’s pragmatic approach is to recognise that change is not easily made and that business leaders need to learn how to work with what they have. How do our readers think we can face the next downturn? We would be interested to hear your comments.

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“You can become wealthy by creating wealth or by appropriating the wealth created by other people. When the appropriation of the wealth is illegal it is called theft or fraud. When it is legal economists call it rent-seeking”

John Kay, Financial Times 27th Dec 2009

“If a free society cannot help the many who are poor, they cannot save the few who are rich.”

John F Kennedy, Inaugural Speech, Jan 1961

“If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause for great concern”

Joseph Stiglitz

“Today we live in a world that is divided. A world in which we have made great progress and advances in science and technology. But it is also a world where millions of children die because they have no access to medicines… It is a world of great promise and hope. It is also a world of despair, disease and hunger”

Nelson Mandela

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