Why This Recession: Part 4, Land


Land

          The recent collapse of the real estate bubble (both residential and commercial) illustrates the kind of disconnect between old paradigms and new realities that mark major transitions of human history.  Much has been written about the significance of the new global order and the revolution in digital technologies, and how those technologies are integral not only to the new global order but to major cultural changes in already developed countries such as the United States, but no one has yet, so far as I am aware, drawn any connections between these developments and a major shift in the basis of wealth.

Go to the Why This Recession page to read the full essay.

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