POVERTY IS A DEFENSE:
You’re innovative, hard-working and finally you have stuff —LOTS of stuff.
But you’re from the wrong TRIBE, the one that opposes the local chieftain.
You’ve deterred all the common thieves, and congrats. But finally the Chieftain’s technical pulls up in front of your store, and they WANT STUFF:
“To secure the safety of the common good” —aka ROBBING YOU.
You get robbed, and years later, after he’s dead and you have stuff again, guess what?
yes, it happens again. Cuz no property rights.
Africa is FILLED with such stories.
You know I’ll bet the continent is littered with smart, hard-working people but it DOES NOT MATTER.
Cuz in the end, when there’s no property rights?
Innovating and working hard are ILLOGICAL and poverty provides a totally foolproof defense.
Hernando De Soto said similar.
re: “Cuz in the end, when there’s no property rights?”
Key.
Actually, this sounds a lot like the good old USA.
Boko haram
Somalia.
See a pattern ?
Brings Chief Bill of the DeBlasio tribe to mind...
"There's plenty of money. It's just in the wrong hands."
The issue commonly framed as 'Capitalism or Socialism,' isn't. So-called economists and other 'intellectuals,' benefit their agenda by muddling the issue.
We are sovereign individuals with inalienable rights, or we are subjects of a sovereign State with privileges as suit the current needs of the State. There's no middle ground...and I've observed property rights seem to be the first to go.