QuoteBy the 1990s, long-standing public assets were being privatised, giving the private sector ownership of profit-making monopolies such as airports, water services, toll roads and so on. In addition, hard-won government regulations, price controls and trade barriers that protected the interests of national industries, labor, consumers, tenants and residents were deregulated so that capital could cut costs, globalise and take other measures to maximize profits.
The land you put a house on is taxed as if you used it to make money. Current arrangements make no distinction between private and personal property. Land ownership as it is now is capitalist. Public ownership vanishes under a religion of privatization.
And this is old news from 2021. https://www.vox.com/recode/22528659/bill-gates-largest-farmland-owner-cascade-investments
Wait long enough and the problem of McMansions on farmland (or what should be an ecological reserve) goes away. When Bill owns it all, he will rip the McMansions down to grow potatoes. You just have to wait for the wisdum of the market to catch up.
Imagine owning a chunk of land that is HALF THE SIZE OF RHODE ISLAND. Just from privatizing software.