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The Power In The Land: 2nd Edition

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The major industrial nations enter the 1990s in the midst of land booms offering riches for a few but unemployment for many. Banks in TEXAS were bankrupted by massive speculation in real estate. Even embassies had to abandon their offices because they could not afford the rents in TOKYO. In BRITAIN, the spoils from housing – the direct result of the way the land market operates – enriched owner-occupiers but crippled the flow of workers into regions where entrepreneurs wanted to invest and ...