Monday, November 29

John Müller: The Physiocrats Return


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About the ‘madrileñophobia’tributarySomeone added the other day the argument that Madrid was the city with the most residents who receive agricultural aid from the EU. I thought: there is no correlation between the fiscal and the real domicile. Nor with noble titles despite the fact that, for many years, the Duchess of Alba, which was the largest landowner in Spain, was also the first recipient of European aid. But the matter is not so striking to me because of the sophist twist to attack Madrid – a place where we already pay taxes – but because of the allusion to the owners of the land.

A recent article by Marlon Weems and Gen, a publication of the group digital

Medium, highlighted that the billionaires children of the tech boom are buying land like never before: Who is the creator of a technology platform that owns the most agricultural land in the US? Jeff Bezos, which owns 420,000 acres (about 170,000 hectares), mainly west of Texas. Is about an extension that is equivalent to more than twice the Community of Madrid.

But Bezos has long been in the ranking of large landowners produced by ‘The Land Report’ magazine, where he occupies 25th place. The novelty of the year 2020 was the landing in the 49th position of Bill Gates and his ex-wife Melinda. With 242,000 acres of farmland (about 100,000 hectares) plus nearly 30,000 additional acres (12,000 hectares) of land in their real estate portfolio, “they are playing Monopoly in real life,” Weems wrote.

On the list that he makes ‘The Land Report’, the 100 richest families in land in the US have gone from controlling 31 million acres (12.5 million hectares) in 2019 to 42 million (17 million hectares) in 2020. First place is John Malone, the cable TV mogul and now partner of Telefónica in O2 Virgin Media through its Liberty Global corporation. There’s also Ted Turner, the creator of CNN, in fourth place. If the traditional families that have been in the agricultural and livestock business for generations are eliminated, what we see is that agricultural lands begin to be an object of desire for a new generation of rich people: the technological ones begin to invade the place where they once ranged. the media fortunes of the 1980s and 1990s.

It is still significant that the people who have shaped the virtual world in which we already live on a daily basis, suddenly focus their interests on something as concrete as the possession of land. To a certain extent it is the return of the old Physiocrats, that economic doctrine founded by Quesnay and Turgot, and which believed in laissez faire, but above all that the possession of land was the source of all wealth. [email protected]

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