> It's called "land" because it is one of the three original factors of production in classical economics - labor, capital and land.
That makes as much sense as trying to fit all of chemistry into earth, air, fire, and water. There's a lot more going on in economics these days than "the three original factors of production", and trying to shoehorn everything into those terms doesn't make sense.
Your last two paragraphs assume that everything is going to burn to the ground if we don't have a magic fix. I asked for a defense of that; you gave me a restatement.
And in your last paragraph, "everyone who understands knows it's right". Nice. I'm sure that's some flavor of logical fallacy, but I'm too lazy to dig up the right label to put on it.
That makes as much sense as trying to fit all of chemistry into earth, air, fire, and water. There's a lot more going on in economics these days than "the three original factors of production", and trying to shoehorn everything into those terms doesn't make sense.
Your last two paragraphs assume that everything is going to burn to the ground if we don't have a magic fix. I asked for a defense of that; you gave me a restatement.
And in your last paragraph, "everyone who understands knows it's right". Nice. I'm sure that's some flavor of logical fallacy, but I'm too lazy to dig up the right label to put on it.