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Societies with clear property rights, less regulation, lower taxes, and the freedom to trade do a much better job of unlocking the entrepreneurial spirit.
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As for advising governments of emerging economies how best to structure their legal systems, various essays in the dictionary stress the importance of clear property rights, and of ensuring that these are marketable.
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Since the funds would lack clear individual property rights, they could give rise to far graver financial scandals than any that have occurred until now.
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Caz Yon was one of the councillors who resigned after it became clear that property rights and the right of abode were not going to be forthcoming.
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In the New York Times, Delgado's agent, Javier Gomez, described the situation as "a clear breaking of intellectual property rights".
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By trampling property rights, especially of individuals, the government has made it clear that anything goes, that those who have the power can wield it without restraint.
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JPMorgan CEO Jamie Dimon has made clear the unique benefits of big banking, but the full consequences of riding roughshod over private property rights on such a scale remain to be pointed out.
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This is made clear in perhaps the most egregious chapter in the episode which demonstrates the lack of respect for sound monetary policy, property rights and contract certainty and even less concern about it from the political and financial media establishment.
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