Capitalism Works For Capitalists – PaulCraigRoberts.org

April 26, 2018 by · Leave a Comment 

Who is the bad guy in all of this? Is it the real estate developer or is it the failure of economists and legislators to take external costs seriously? It is the latter. Generally, external costs are explained away or disposed of theoretically on the grounds that they can be compensated. The US judicial system was poisoned by rightwing foundations underwriting law and economics courses taught to judges that, in effect, leave all rights in the hands of the capitalists.

It is the fault of law, not the developer, that he can come into your neighborhood or community, disrupt your life and activities with noise for long periods of time, block your view, create congestion, and cause your property taxes to rise even though your house has been devalued by the developer’s expropriation of your view. Americans are so brainwashed that they describe this as progress.

Source: Capitalism Works For Capitalists – PaulCraigRoberts.org


"Many seek to become a Syndicated Columnist,
while the few strive to be a Vindicated Publisher"

BREAKING ALL THE RULES


eXTReMe Tracker