4 ms·
This was a no-brainer: In every modern country, there are laws that limit land ownership because if someone owns more than a certain amount of land, that land c
by zrn900 2y ago
This was a no-brainer: In every modern country, there are laws that limit land ownership because if someone owns more than a certain amount of land, that land can amount to a self-sufficient small country and the owner becomes a de facto feudal lord. Moreover, he or she would have the legal right to declare independence or autonomy in many cases. So to protect the principle that sovereignty belongs to the people, we limited land ownership a long time ago.
But a loophole was left behind: The former aristocrats and the new capitalists who joined their class could own unlimited amounts of stocks, therefore they could own a majority of the countries' economies among themselves, through the control that they exercise via the ownership of said organizations. And here we are today, a dozen or so people owning more wealth than half of the world, a few thousand more owning even more, and worse, controlling entire economies.
Its way past time that such feudal ownership was limited. And it will be good even for those ultra rich: Now they can feel that they attained an actual goal, get celebrated as having 'hit the ceiling', and can move on from that specific activity to another without suffering from obsessive-compulsive hoarding disorder.
- banish-m4 2y agoVenice figured it out eventually: beware when private edifices rival the states'.