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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.71+1.5%4:00 PM EST
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To: Slagle who wrote (16421)4/3/2007 6:16:33 PM
From: 8bits  Read Replies (2) of 219763
 
"It is not that those places are lawless, quite the contrary. It is just a different sort of law."

One of the most important reasons that developed countries achieved "developed" status is property rights and rigorous enforcement of contract law. Witness the wealth of Singapore (with basically no resources) compared to the Philippines, or Indonesia. Which place would you say is more law abiding and would enforce a legal contract..? I can tell you many tales about Mexico and the seizure of property... it generally involves, somewhere down the line, lining the pockets of someone who is already rather wealthy. Regarding the fellow in the Phillipines.. well he probably should have hired some of the guys he was angering or consulted with them before he got the permits.. but in many places if he was a connected local he would have just hired his own security and said screw the little guy. Getting along applies to people who don't have power. In terms of the law violated it frequently comes down to you "You have more money than I like.. I think I'll take some because I can.." In my opinion such Mob rule condemns people to ongoing poverty.

There's a lot of extra-judicial "justice" (Think of the "no snitching campaigns" ) in some of the US inner cities... by and large I would say it makes like pretty crappy for people who live in those neighborhoods.
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