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Money flows to good investments. If it flows internationally it’s because investors without citizenship trust your country’s rule of law in respect to non-citiz
by seibelj 6y ago
Money flows to good investments. If it flows internationally it’s because investors without citizenship trust your country’s rule of law in respect to non-citizens. Violating that to seize foreigners’ assets, or force them to sell at a discount, works once but ultimately leaves the country worse off IMO.
I hope some smaller countries start experimenting with true socialist policies. We need a Venezuela every few years to remind us why it’s such a terrible idea.
- epistasis 6y agoA lot of what makes US real estate a "good investment" is that powerful interests protect their investment by reducing to allow more productive use of a scarce resource. This is explicitly cited in the private equity SEC filings that buy single family homes and rent them out: the PE forms know that rents will continue to rise because existing homeowners control the political process that would prevent that rise: allowing more housing. This is classic economic rentierism that harms everyone that is not profiting from the artificial scarcity.