The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/american-communism-really-not-hyperbole-30425766.aspx

Subject:  American Communism (really, not hyperbole) Date:  12/11/2012  12:44 PM
Author:  Dwdonhoff Number:  659396 of 757391

American Communism (really, not hyperbole)

Want to see the reality of communism right here on our own shores? Its been here all along, in full daylight, for anyone & everyone to observe. Its culture has even been celebrated in Hollywood's greatest polished story-telling myths... but its truth is miserable (literally.)

http://perc.org/articles/why-are-indian-reservations-so-poor...

<SNIP>
The vast majority of land on reservations is held communally. That means residents can’t get clear title to the land where their home sits, one reason for the abundance of mobile homes on reservations. This makes it hard for Native Americans to establish credit and borrow money to improve their homes because they can’t use the land as collateral—and investing in something you don’t own makes little sense, anyway.

This leads to what economists call the tragedy of the commons: If everyone owns the land, no one does. So the result is substandard housing and the barren, rundown look that comes from a lack of investment, overuse and environmental degradation. It’s a look that’s common worldwide, wherever secure property rights are lacking—much of Africa and South America, inner city housing projects and rentcontrolled apartment buildings in the U.S., Indian reservations.


This is our future... at least for as long as the current societal ideological trends remain in place.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us