*** OFF TOPIC ***
<<OK, explain "imminent domain" and how the U.S Government can arbitraliy condemn & sieze private property, with the blessing of the
Supreme court?>>
The U.S. Gov't is wrong. I never said the U.S. has a laissez-faire capitalistic system. At best it is a mixed-economy with both capitalistic and statist characteristics. Sorry to disappoint you that I'm not defending the Yanks *in this case*.
I am not totally pro-U.S.; I am, however, pro-pure-capitalism. That, I have found out, tend to make me even more disagreeable in some people's eyes. After all, I am a totally selfish person with utter contempt for the principle of altruism (self-less sacrifice).
Which country came closest to a system of laissez-faire capitalism? Why, the pre-hand-over, the Crown Colony--Hong Kong! Needless to say, I had the utmost admiration for Hong Kong's economic arrangement. It remains to be see how China deals with Hong Kong. I am actually cautiously optimistic. People's antenae needs to be sensitive at any erosion of private property rights though. |
