While studying colonial period business practices and property rights issues, for a business & finance history class, I read Carl Watner's Libertarians and Indians: Proprietary Justice & Aboriginal Land Rights,...
Henry Hazlitt has done us a great service, for it is a rare philosopher who recognizes that the consistent adherence to a set of ethical rules promotes social cooperation and benefits everyone in society.
Regulation is simply the way in which self-interested public officials provide benefits to self-interested individuals who form interest groups. This is as true in land use as in anything else.
Whether racially motivated or not, land expropriation in South Africa is just another episode of state-forced wealth redistribution — with disastrous effects.
