Thursday, August 23, 2018

On the Distinct Likelihood that Major Companies Will View the Expropriation of Property from Afrikaner Farmers Without Compensation as a Problematic Indicator of Insecure Property Rights and Ultimately Choose to Avoid South Africa Like the Plague When it Comes to Investing There

One of the more illustrative points that Nicholas Wade makes in his politically incorrect book, "A Troublesome Inheritance" is that populations which have evolved in a more tribal setting tend to have a much higher time preference where the main tendencies are to a) pursue immediate gratification and b) not see long term consequences...….and while not meaning to sound overly harsh here, does not this moronic and unjust policy of government theft seem like a pitch-perfect example of this? It surely does to me.

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