Weekend Reading: The Property Illusion
Posted by Larry Doyle on April 13, 2013 6:23 AM |
I have no doubt that given the need for sources of revenue by Uncle Sam and other sovereign governments, the topic of “the protection of property rights” will be increasingly brought front and center in the public arena.
We saw this play out in Cyprus just a few weeks back, and we witness another example of this topic just the other day in a WSJ article, Now He’s After Your 401(K).
What some ideologues might view as “equitable redistribution,” other individuals who have worked long and hard for property would view as expropriation without proper compensation.
Do you think that this topic might be reason, if not partial motivation, for the steady stream of firearm sales?
The central tenet of capitalism is in play here. You do not think so? I do. Izabella Kaminska does as well as she writes:
When property rights – the backbone of capitalism – are questioned, so is the entire capital and free market system that comes with it.
Read her entire commentary in today’s Financial Times, The Property Illusion.
Have a great weekend and make sure you continue to . . . navigate accordingly.
I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.