This is all well and good, but population dropping will only impact our civilization a little. I think this is an issue only because the "very rich" may actually see their standard of living fall. For the poor, it will have no real impact. Plus it is probably a good thing population will start dropping. The much larger worry should be Climate Change , a dropping population can only help Climate Change in the long run…
The history of the world and economics is far more nuanced than rich people hoarding wealth. Wealth is the economy, it's created from systems. The feudal system in the medieval age was relatively poor at generating wealth. A series of technological and intellectual developments began to rapidly increase in the 1400s that culminated in the modern era, including especially the printing press. But in the 1300s serfdom w…
If all property is “owned” by the crown and people only have various “rights” to it that can be inherited but never encumbered or sold, then there’s really no point in “valuing” the land beyond simple comparisons.
Once land can be bought and sold value appears to track it; but the land was always there.