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View Diary: Time to resurrect an old idea: Economic Rent (107 comments)

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  •  Land and "rent-seeking" (7+ / 0-)

    Land is still a very significant part of those companies.  They all have very large data centers.  Google has several large areas around the world.  And you can't just count their own land.  Think of all the land that is required to support their businesses.  Apple iPhones require the "land" of our broadband spectrum.  Google wouldn't exist without all the land used up by broadband cables and communications spread throughout the world.  All the electricity to supply these data centers also requires land whether it's the power plants or coal mines to support those power plants.

    All three of the companies also depend very heavily on "intellectual property".  Of course we're getting very abstract because this "property" only exists as long as the government can enforce it.

    Land has not become insignificant.

    Our Dime Understanding the U.S. Budget

    by maddogg on Mon Oct 24, 2011 at 10:40:47 AM PDT

    [ Parent ]

    •  one thing i noticed (0+ / 0-)

      in your post that Pilkington apparently missed is that that you broaden the definition of "land" in the same way that this idea broadens the definition of "rent" to something that approaches theft.

      "land" is no longer simply a piece of ground.

      blink-- pale cold

      by zedaker on Mon Oct 24, 2011 at 04:58:05 PM PDT

      [ Parent ]

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