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by tomohawk 1405 days ago
Countries where it is possible to achieve clear title to property in an orderly and transparent manner are the most prosperous, and have the largest spread of wealth.

Countries that lack this mechanism never really get anywhere.

Politicians can't seem to resist tampering with this successful mechanism, though. They mistake cause for effect, and do things like push financial institutions to offer subprime mortgages, since "everyone knows if you buy a house you'll be successful". I get the impression that they have no clue they could actually kill the goose laying the golden eggs.

Between the financial firms like Blackrock and their pet politicians, it will be interesting to see, after they break things, if anyone will be able to de-humpty-dumpty the mess they create.