Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : 5spl -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (1957)	7/4/2005 1:28:56 PM
From: Tom Clarke	Read Replies (1) \| Respond to of 2534

Land of the Free(ish) Perry de Havilland (London) No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation. - 5th Amendment: US Constitution Today is the 4th of July, when Americans celebrate their independence and much talk of freedom and constitutions occurs. This day is in many ways an orgy of self-congratulation, much of which is entirely justified (I make no secret of my pro-Americanism Atlanticism). But perhaps, just perhaps, the 'shot heard around the country' that was delivered by the Supreme Court of the United States with the Kelo verdict will snap a great number of Americans out of their understandable but entirely misplaced complacency regarding the benevolence of their own nation-state. Not only does Eminent Domain now pose a threat to anyone whose property happens to catch the eye of a well connected property developer, the USA also has outrageous 'asset forfeiture' laws that allow suspects to have their property taken by the state, reversing the burden of proof and making the accused (but un-convicted and usually un-tried) person prove their property is not the proceeds of some crime in order to have the property returned (they cannot prevent it from being taken in the first place). So much for 'due process'. Americans would do well to remember that it was the use of British sedition laws to seize private property from political activists was a major cause of disaffection in the colonies in the lead up to the Revolution in 1776. Moreover those sedition laws were far less capricious and more respectful of due process than modern 'asset forfeiture' laws (colonial era sedition laws at least required you to actually be convicted). The fight against Al Qaeda and any who ally with them must go on but the greatest threat to liberty (and in the long run that inevitably means life) facing the people in the United States comes not from without but from within. Until the entire scope of what government can do is radically cut back, Kelo is pointing the way to a grim future. I hope that the Supreme Court's destruction of the 5th Amendment by allowing the state to take private property for the private use of property developers, will be reversed long before it requires the active use of the 2nd Amendment to make private property secure against those who would rather use political power rather than markets to enrich themselves. Happy birthday America. samizdata.net

To: LPS5 who wrote (1957)	7/5/2005 9:33:34 AM
From: zonder	Read Replies (2) \| Respond to of 2534

I just finished reading a book called "Market Forces", which you might find interesting: amazon.com Editorial reviews don't do it justice. The premise is quite interesting: "Conflict Investment", where financial firms finance warring factions, insurgents, revolutionaries, etc in exchange for a couple of percentage points of future GDP. And in this competitive world of finance, promotions are through road rage. Quite a good read, especially if you have some experience working in the finance world :-)