I think state capacity is a major bottleneck here, I'm quite sure meeting housing needs has been on the agenda of African governments, it's the execution that's likely to be the issue, not just in Africa but also in India.
>But even a solidly neoclassical analysis will admit that these rents reflect no productive activity; they’re simply a reward for being lucky enough to sit on a valuable piece of land.
I like land value taxes! The logic behind the quote is certainly very Georgist. There may be a potent combination here with using the revenues to fund public housing.
I think state capacity is a major bottleneck here, I'm quite sure meeting housing needs has been on the agenda of African governments, it's the execution that's likely to be the issue, not just in Africa but also in India.
>But even a solidly neoclassical analysis will admit that these rents reflect no productive activity; they’re simply a reward for being lucky enough to sit on a valuable piece of land.
Why not use a land value tax?
I like land value taxes! The logic behind the quote is certainly very Georgist. There may be a potent combination here with using the revenues to fund public housing.