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Growing importance of land is bad news for the economy

LOCATION, LOCATION, LOCATION: In a city, land's value comes from location, which is an inherently scarce commodity, and as supply falls short, that could put a brake on growth.

FOR all the alarm about the "rise of the robots" or "software eating the world" or the peril of climate change, one of the most pressing economic dangers of the future is getting short shrift: Landlords are eating the world.

There is growing concern that wealth inequality has skyrocketed...

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