Hacker Cinema
The End of Poverty?
2008 · Film · documentary · 106 min
Directed by Philippe Diaz
The End of Poverty? asks if the true causes of poverty today stem from a deliberate orchestration since colonial times which has evolved into our modern system whereby wealthy nations exploit the poor. People living and fighting against poverty answer condemning colonialism and its consequences; land grab, exploitation of natural resources, debt, free markets, demand for corporate profits and the evolution of an economic system in in which 25% of the world's population consumes 85% of its wealth. Featuring Nobel Prize winner Amartya Sen and Joseph Stiglitz, authors/activist Susan George, Eric Toussaint, Bolivian Vice President Alvaro Garcia Linera and more.
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It's amazing how libertarians and others who see free market and the invisible hand as sacrosanct principles don't see how rent-seeking[1] including the private ownership of land is antithetical to those very principles.
Libertarians claim far too much as "the product of their labor." Firstly, they immensely overvalue their individual contribution to a product and undervalue the contribution of all who came before them. Secondly, the finite natural resources and space (land) of the planet can NEVER be considered the product of anyone's labor, and thus can NEVER be treated as private property in any strict sense (exclusive ownership in perpetuity until sold, zero property or inheritance tax). The later point is conceded by Geolibertarians[2][3] and Georgists[4].
The notion of perpetual ownership of any finite resource is antithetical to the principles of the free-market, because it allows one to purchase an infinite amount of something (i.e. perpetual rights to a piece of land, including perpetual rent collection) for a finite sum.
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[1] https://en.wikipedia.org/wiki/Rent-seeking
[2] http://geolib.com/welcome.html
[3] Are you a Real Libertarian, or a ROYAL Libertarian?, https://news.ycombinator.com/item?id=7076632
[4] http://povertythinkagain.com/controversies/a-word-from-the-sponsor-of-the-film-the-end-of-poverty-georgism-capitalism-and-socialism/