Blog Archive


Wednesday, December 08, 2010
John Stossel has a great piece on the importance of property rights in growing and sustaining wealth and prosperity. It all comes down to the simplicity of having one's own mailing address... something Americans take for granted. I have an address because I own a plot of land in Crystal, Minnesota. As Stossel points out, because of that, I can borrow money for investment and any business I start out of my home can be legally recognized. In developing countries, due to the lack of rule of law, property rights are either non-existent or capricious in nature. You may live in a home, but nothing is legally stopping the government or an individual from claiming that home for himself**. That is why if poor countries are ever going to begin to prosper, they need property rights. And to get those rights, they need a stable rule of law. And to get that rule of law, tyrants and dictators need to be removed and struggling democracies need to be strengthened. Which is why a simple government military intervention can sometimes do more long-term good in one day in a particular country than all of the Western charties can in a year. Or it can do much harm.

** Of course, in this country, we're steadily losing our property rights. Because of serious abuses of eminent domain, American bodies of government (local or federal) have been taking people's homes and property from them without consent and sometimes without proper compensation.


Recent Comments


Darius' book montage

The Cross Centered Life: Keeping the Gospel The Main Thing
Crazy Love: Overwhelmed by a Relentless God
Overcoming Sin and Temptation
According to Plan: The Unfolding Revelation of God in the Bible
Disciplines of a Godly Man
Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem
When Helping Hurts: Alleviating Poverty Without Hurting the Poor. . .and Ourselves
The Prodigal God: Recovering the Heart of the Christian Faith
Respectable Sins
The Kite Runner
Life Laid Bare: The Survivors in Rwanda Speak
Machete Season: The Killers in Rwanda Speak
A Generous Orthodoxy: Why I am a missional, evangelical, post/protestant, liberal/conservative, mystical/poetic, biblical, charismatic/contemplative, fundamentalist/calvinist, ... anabaptist/anglican, metho
Show Them No Mercy
The Lord of the Rings
Life at the Bottom: The Worldview That Makes the Underclass
The Truth War: Fighting for Certainty in an Age of Deception
Cool It: The Skeptical Environmentalist's Guide to Global Warming
The Chronicles of Narnia
Les Misérables

Darius Teichroew's favorite books »