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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (7996)4/13/2006 3:20:29 PM
From: GraceZRead Replies (1) of 24758
 
Capitalism does not need property rights. It does not need rule of law. It works in spite of these structures which are put in place for other reasons. Also, rule of law and property rights do not coincide. Indeed, property rights are usurped by rule of law every day via, say, eminent domain.


So do you think it is coincidental that the industrial revolution occurred in England, which had both the rule of law and property rights? Think it was just a few lucky technological inventions?
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