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Tuesday, March 31. 2015

When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.

Hernando de Soto (h/t Samizdata)

Posted by Bird Dog in Quotidian Quotable Quote (QQQ) at 11:18 | Comments (9) | Trackbacks (0)

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Makes sense. We can see it in the modern era by the impact of the move to annual/at will tenant farming in the South after the disruption of the plantation system.

Of course, a major influence came when the ability to make a living didn't depend upon being tied to a piece of land but "knowledge capital" became a mobile and moved with the worker.

#1 JK Brown on 2015-03-31 12:19 (Reply)

you mean the sharecropping that replaced slavery? an excellent choice for subsistence farming and frequent bankruptcy. one of the many failure of Reconstruction was the return of plantations to their owners, instead of redistribution.

#1.1 The Poetry of Violence on 2015-03-31 14:14 (Reply)

There were no bankrupt sharecroppers in the South. Big Daddy owned the land while you owed his store and bank an ever growing amount (with interest) for seed, clothes, flour and BC powders. Failure to produce meant eviction and probable arrest for vagrancy thence to the road gang and/or lease back to Big Daddy as convict labor in the sawmill.

#1.1.1 walt moffett on 2015-03-31 18:48 (Reply)

plantation owners, not sharecroppers, went BK.

#1.1.1.1 The Poetry of Violence on 2015-03-31 19:02 (Reply)

Are you trying to show that poverty didn't decrease in the South over the last 150 years or so?

#1.1.1.1.1 Texan99 on 2015-04-01 14:36 (Reply)

I would add, a constitution that delineates rights and limitations, an honest judiciary, an effective and honest law enforcement and democratic elections.

#2 GoneWithTheWind on 2015-03-31 12:56 (Reply)

If you can get clear title, you can mortgage the thing to get a loan to start something. If not, not.

#3 rhhardin (Link) on 2015-03-31 13:46 (Reply)

Or how about I give you a lien on next year's crop in return for seed, mule, plow, 40 acres. Not quite slavery, but its the next best thing.

#3.1 The Poetry of Violence on 2015-03-31 14:20 (Reply)

OT A very old Dunkin Donuts store

http://www.google.com/imgres?imgurl=http://lostoregon.files.wordpress.com/2012/07/dunkin.jpg&imgrefurl=https://www.pinterest.com/clarkwgriswold/vintage-cool/&h=418&w=512&tbnid=CwtL5ktSCuAAXM:&zoom=1&docid=PDkGuLfYGH-UJM&ei=2nIbVbXQA8fuoASt74HACQ&tbm=isch&client=palemoon&ved=0CBkQMygRMBE4rAI

#4 feeblemind on 2015-04-01 00:28 (Reply)

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Tuesday, March 31. 2015

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