He's since come full circle. Perhaps you might share with us your proposal for specifically what you might do with property. At second glance, Gates' hypothesis is just more Libertarian hogwash. The first governments I advised were Thatcher's Tories and Li Peng's Socialists. Henry C. Simons, Economic Policy for a Free Society.
Economists believe that capitalism is powered by money.
Obviously, Herman Daly can see the whole elephant. By the way, Herman is an old colleague.