Quote:
Originally Posted by gwynedd1
Its just a small country with a king. What's new about it? Depending on their property laws any rents that are created will cause someone to get easy money. Since one's labor is freed up they will be at liberty to become expert rent seekers. This group will become the de facto government. It will then become hereditary where eventually cruel despots will arise which will cause a revolutionary reaction. Didn't we do this before?
Economic rent; do something about it or just endlessly follow the same pattern.
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Indeed we have numerous times in history and such powerful hereditary wealth and its corrupt effects upon government (as the few wealthy people attempt to rent seek and pervert the government for their own best interests) are historically one of the major reasons why Latin America has been so much less politically stable than Anglo-America.
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