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If you have property rights and the rule of law. Otherwise, when you've bought land, you actually own nothing.
by ldiracdelta 5y ago
If you have property rights and the rule of law. Otherwise, when you've bought land, you actually own nothing.
- naveen99 5y agoIf you have nothing, you bought nothing. But I am talking about the people selling (governments controlling taxation on the land). It’s the same with ADR’s , the market prices in the risk of local regulations or lack of them.
- naveen99 5y agoIf the taliban outsourced the Afghanistan land registry to the usa or even China through ADR’s, I would buy some land there the next day. same with Burma, Haiti and other troubled countries. Wall Street bets would pump so much money into these countries, they wouldn’t need the IMF and the UN anymore.