Filed under: Capitalism, Freedom, History, Law, Politics, United Kingdom | Tags: Daniel Hannan M.E.P., How Nations Develop, Private Property
Why private property matters, and how nations develop. In some parts of the world they have never developed those simple ideas, which is why poverty remains so endemic. If you have no title to your property, nor law that defends your rights, you cannot borrow against that value to start even a small business.
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