Land (n.) held as national property — the imagined right of a people to own its soil — has in every epoch bred suzerainty, tribute, royal prerogative and forced labour.
Land (n.) improved by earth-capital — drainage, fertilizer, levelling — is turned from mere raw material into fixed capital.
Land (n.) left untilled has a price though no one works it — a reflection that capital and labour cast on the empty field next door, and the whole basis of land speculation.
Land (n.) permanently improved almost always boils down to giving one patch, by labour, what the land next door has by nature.
Land (n.) when the peasant purchases it is not an investment in agriculture but a withdrawal from it, since the money leaves the sphere of production, shrinks his means and delivers him to the usurer.