Tax Research UK » It’s time to re-embrace nationalisation, when it’s appropriate



“[T]here is no one answer as to ideal ownership structures. In the real world we need a mixed economy. Some things (natural monopolies like health and education if the benefit is to be universal) have to be state run. Others, such as coffee shops and a vast array of small businesses need no state involvement at all: the only job of the state is to encourage such enterprises.”
-Richard Murphy

This is the missing piece. Not either/or, but rather which parts of both, along with new approaches (co-ops, p2p, etc.). It’s time to get creative.

Markets in the next system – The Next System Project

It wasn’t until hundreds of years after Marco Polo’s travels that the dramatic transformation of the system of production began—and in a curious place. Wood demonstrates that the capitalist “laws of motion” did not emerge in urban commercial centers, as is normally supposed, but in the countryside. Specifically, the English countryside. English landholding was inordinately concentrated, so “an unusually large proportion of land was worked not by peasant-proprietors but by tenants,” as Wood explains. For most of the feudal age, English tenancies were “Freehold leases,” with rents fixed by a legal or customary standard, but by the sixteenth century, a growing number were “Copyhold leases,” auctioned by landlords to the highest bidder, their rental value set at whatever the market would bear. The more competition there was in the market for rental land, the more notice landlords and their surveyors began to take of the “value above the oulde Rentes” that could be extracted through this market. And so England underwent great waves of land enclosure, separating the masses from direct access to the means of their own subsistence

-Jesse A. Myerson

 Source: Markets in the next system – The Next System Project

This needs reading.