Quote:
Originally Posted by ViRedd
So, what's the premise of your argument, lynch? Are you saying that countries recognizing the right to private property are more successful than one's who don't?
Vi
|
i very much am saying that countries without sufficient property laws and credible enforcement of those laws will suffer when trying to create a successful Capitalistic economy. This is directly because without property laws Capital, the physical dimension of assets as well as their potential to generate surplus value, cannot be created.
consequently, the black markets of many of these nations are thriving and are self-regulated as far as honesty and good business goes.
what i mean is, if these countries were given a chance to establish the means to enforce property law, which is no easy task, the global economy may become more diverse and certainly worth studying.
i'm not really arguing though. i read this desoto book and it really makes the trick to making capitalism work seem so simple and these failing nations have ridiculously bogged down bureaucracies and policy enactment.
maybe, what does this say about Capital itself in a global market?
and/or
can there be a fully united capitalist planet?