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Erl Happ's avatar

Here is something to ponder on that relates directly to the difference between what excited people 250 years ago and today: https://peeta462032.substack.com/p/usa-250-the-word-the-founding-fathers.

John Locke wrote that every person has a natural right to life, liberty and estate. When Jefferson drafted the Declaration, estate disappeared. In its place came the pursuit of happiness.

Thomas Paine argued that the earth, in its natural state, was the common property of the human race. Cultivation had made land productive, but it had also, necessarily, dispossessed everyone who did not hold title to it. Paine proposed a national fund, paid for by landowners as a form of ground rent on the value they had monopolised, which would pay every citizen a lump sum on reaching adulthood, and a pension in old age. Not charity. Compensation, owed as a matter of justice, for the enclosure of what had once belonged to everyone. In compensation for the loss of their 'estate'.

A lump some on reaching adulthood could allow the purchase of a house, ones estate, without which its not possible to settle down with a mate and raise children.

John Locke, Adam Smith and Thomas Paine were of like mind in this respect.

Mike Hein's avatar

I like your work, Ben, and have read your posts since pre-substack/email only days.

But the amount of mental/linguistic gymnastics you go through to not lay the enshittification of Independence Day squarely at the feet of Trump and his followers is surprising and disappointing.

I get it, you're a numbers guy, a financial professional banker/bankster - which lends itself to fiscal conservatism and thus, Republicanism. But damn, brother, you're dancing all around the source of the problem while discussing it at length.

I further understand you don't want to alienate or offend part of your readership, but if you have to elide the truth like this, throwing your hands up and wishing it were different, without ever naming Trump and his crony ilk, then why bother broaching the subject in the first place.

Be well, Ben. Thanks for your other writings.

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