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Henry George's Political Critics

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Author Info
Michael Hudson
Abstract

Twelve political criticisms of George were paramount after he formed his own political party in 1887: (1) his refusal to join with other reformers to link his proposals with theirs, or to absorb theirs into his own campaign; (2) his singular focus on ground rent to the exclusion of other forms of monopoly income, such as that of the railroads, oil and mining trusts; (3) his almost unconditional support of capital, even against labor; (4) his economic individualism rejecting a strong role for government; (5) his opposition to public ownership or subsidy of basic infrastructure; (6) his refusal to acknowledge interest-bearing debt as the twin form of "rentier" income alongside ground rent; (7) the scant emphasis he placed on urban land and owner-occupied land; (8) his endorsement of the Democratic Party's free-trade platform; (9) his rejection of an academic platform to elaborate rent theory; (10) the narrowness of his theorizing beyond the land question; (11) the alliance of his followers with the right wing of the political spectrum; and (12) the hope that full taxation of ground rent could be achieved gradually rather than requiring a radical confrontation involving a struggle over control of government. Copyright 2008 American Journal of Economics and Sociology, Inc..

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Article provided by Blackwell Publishing in its journal American Journal of Economics and Sociology.

Volume (Year): 67 (2008)
Issue (Month): 1 (01)
Pages: 1-45
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Handle: RePEc:bla:ajecsc:v:67:y:2008:i:1:p:1-45

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