Land Value Capture in Practice: Ethiopia's Urban Land Lease System

over the long run land-leases have proven effective e.g with Shenzhen.

the people that need the land - lease it first - develop it. if you don't develop it - you don't realize any gain from it. thereby removing speculation.

Glad to see the article mentions Singapore, which is perhaps a more realistic comparison point to most modern cities than Ethiopia, which is a bit of sui generis mix of desperate poverty, decades of top-down Marxist planning, and an economy that's somehow still sputtering along (at least in Addis) despite all this and several raging civil wars.

https://progressandpoverty.substack.com/p/singapore-economic...

This is incredibly interesting and I wish someone made an index of all of these approaches and their nuance.

The tension of the two ideas, 1. that a babbling brook in a field that has been there for a million years and the patent absurdity of saying someone can own it. 2. that a person needs a place to call their own.

This objective fact and the following emotional motivation are under explored in the empirical space, and I really think we should make better strides in trying to measure these things.

Isn’t that completely normal in most of Asia?

Only "urban" land? Who owns the rest? Can no new urban land be created? Or does the government take it by eminent domain?

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This article is clearly about Geoism; its traditional interpretation. In its essence, Geoism should be about rents, not about land specifically. Of course they couldn't have known about tech platform monopolies back then, but they are very much about rent extraction and a far greater concern than land is nowadays. I feel like such articles are a distraction and would lead to even bigger problems. Essentially prepping to dispossess middle class land owners who are the last bastion of decentralization.

It's absurd in this day and age to be discussing land rent-seeking when the cause of most of our modern problems is platform rent-seeking. Frustrating how people twist everything good into something bad; of course there was no talk of Geoism when land rents were the main problem and main mechanism of rent extraction; only now that elites have found a different way to extract rents, now it's OK to discuss the (now) lesser evil of land rent-seeking and distract away from the new variant of the problem.