Re: Property rights

From: Stathis Papaioannou (
Date: Fri Apr 18 2008 - 06:51:39 MDT

On 18/04/2008, John K Clark <> wrote:

> No, I haven't noticed that capitalism is the root of all evil, I haven't
> noticed that at all. I have noticed that some societies did abolish
> private property and move from each according to their ability to each
> according to their needs; and every time that happened the society
> turned into a living hell. Look at North and South Korea, the same
> people the same culture the same language; 50 years ago both were
> equally poor but one embraced private property with a vengeance and one
> outlawed it, one is now an economic world powerhouse and the other is on
> the list of the poorest countries on the planet. You can even tell the
> difference from space with night shots, half the country is ablaze with
> light but the workers paradise is as dark as pitch.

But that isn't true everywhere. Many countries in Europe have
consistently done very well with decades of (moderate) socialism,
while other countries in Latin America have done very poorly despite
capitalism being allowed greater freedom than in the United States.

Stathis Papaioannou

This archive was generated by hypermail 2.1.5 : Wed Jul 17 2013 - 04:01:02 MDT