3 ms·
> How exactly do you "end" the contract? Part of the deal with contracts is you don't just get to back out whenever you feel like it. That’s not true if you’re
by Someone 3y ago
> How exactly do you "end" the contract? Part of the deal with contracts is you don't just get to back out whenever you feel like it.
That’s not true if you’re a country. They can nationalize privately owned assets (https://en.wikipedia.org/wiki/Nationalization https://en.wikipedia.org/wiki/Nationalization), default on loans (https://en.wikipedia.org/wiki/Sovereign_default https://en.wikipedia.org/wiki/Sovereign_default), print money to devalue loans, etc. without repercussions other than loss of trust.
- mnd999 3y agoNationalising (Statelizing?) the parking meter provision sounds like a great way to get of this contract.
- deleted 3y ago[deleted]
- HDThoreaun 3y agoThe constitution makes this a bit sticky. It specifically says contracts with the government can not just be ended whenever the government wants and that nationalizing assets requires the government pay the owner fair market value. You can always go full Andrew Jackson and just ignore the courts I guess but that's a tough road.