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Updated: May 15, 2025
Now the quality of monopoly which the land nationalizer finds in land, the professed socialist finds also in all forms of capital.
We see that the land nationalizer claims to remove, and the land reformer in general to abate, the evil of poverty by securing for those dependent on the fluctuating value and uncertain tenure of wage-labour an equal share in those land-values, the product of nature and social activity, which are at present monopolized by a few.
And site value the element in the actual cost of a house or factory that depends on its position varies directly with the degree of this monopoly. This value the land nationalizer contends is not created by the owner. It is created by society. In part it is due to the general growth of the country to which the increase of population and the rise of town life is to be attributed.
"The self-appointed or State-appointed nationalizer, we would say with Father Millar, S.J., ignorant of our real history or its true meaning, is fast becoming a menace to the sanity of our laws and to the supreme wisdom of a traditional national policy."
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