AN IMPOSSIBLE SCHEMA
The nationalisation of the land scheme, as propounded by Mr Henry George some time ago, attracted considerable attention, and some of the more extreme colonial Democrats, especially m Kew Zealand, were m ecstacies therewith. Others, however, possessed of shrewdness and commonsense from the first scouted the idea as Utopian and ridiculous. Professor Fawcett, the British PostmasterGeneral, has m a recent political work completely demolished the wholt soheme, and shown most clearly its impossibility and absurdity. For the agricultural land m England alone the annual rental amounts to £66,000,000, which at 30 years' purchase would demand no lass than two, thousand millions sterling, a sum which even Great Britain with all its wealth could not raise. By the same method of calculation it would be easy to show that what Great Britain could not do, New Zealand could never hope to accomplish. The land nationalisation scheme will have to be relegated to the shelf among the thousand and one impracticable theories of well-meaning but half-demented reformers.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 56, 4 February 1884, Page 2
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168AN IMPOSSIBLE SCHEMA Manawatu Standard, Volume IV, Issue 56, 4 February 1884, Page 2
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