According to Meintjes, the land reform in South Africa has largely been regarded as unsuccessful. 90% of the commercial land which was redistributed has now been left unproductive according to government records. The country has high taxes on labour and VAT which cripples industry. There is a large variation in land values and productivity within the country so rural towns are becoming derelict due to high levels of taxation on industrial activity. Hugely populated urban areas are conversely under taxed under the current system. Stephen Meintjes explains in this video how introducing the land rent proposals outlined in his book could help resolve a number of these issues.
Further Reading: The Predator Culture by Fred Harrison Fred Harrison is Research Director of Land Research Trust, London. Recently he has turned his attention to the failure of economic analysis and public policies in the market economies. John Clare: Voice of Freedom...
Further Reading: Prime Minister by John Stewart Visitors by John Stewart The President by John Stewart He is the author of two biographies and three historical novels: The Centurion, translated into German, Italian and Spanish; The Last Romans, placed in the time of...
Further Reading: Boom Bust by Fred Harrison After a career as an investigative journalist, he was advisor to a number of Russian academic and political bodies, including the Duma (parliament), in their efforts to implement a more equitable transition to a market...
The recent publication of the Mirrlees Review highlights the urgent need for simplification of the British tax system
“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”
“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”
How Our Economy Really Works
– Why are so many trapped in poverty, when others are grossly well-off?
– Why are house prices continuously rising faster than inflation?
– Why do people so often find themselves in jobs that give them little sense of fulfilment?
– Why is a multi-national coffee shop franchise not actually making its money from coffee?
These questions have confronted the UK economy for decades without resolution by governments of the right or left. It is the failure of economics, the author argues.
ISBN 9780856835292 | Price: £9.95