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Home / Tim Worstall /You’ll never guess who owns the politically allocated property

You’ll never guess who owns the politically allocated property

Summary:
No, really, you won’t:A commercial farmer has been evicted from his land in Zimbabwe six weeks after the government announced a “historic” deal with dispossessed white landowners. Martin Grobler, 63, and his wife Debbie were given hours to vacate their home by the new owner, an official from the lands ministry, who arrived with a sheriff, a court order and a lorry full of police.Isn’t that a terrific surprise? It’s the same feature of political allocation of property that leads to councillors sitting on the housing committee gaining dobs on 3 bed mansion flats owned by the council. When it is political power that determines allocation then those with political power will be allocated to.The advantage of it being money that decides such allocations is that you only gain money - in a free

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No, really, you won’t:

A commercial farmer has been evicted from his land in Zimbabwe six weeks after the government announced a “historic” deal with dispossessed white landowners.

Martin Grobler, 63, and his wife Debbie were given hours to vacate their home by the new owner, an official from the lands ministry, who arrived with a sheriff, a court order and a lorry full of police.

Isn’t that a terrific surprise? It’s the same feature of political allocation of property that leads to councillors sitting on the housing committee gaining dobs on 3 bed mansion flats owned by the council. When it is political power that determines allocation then those with political power will be allocated to.

The advantage of it being money that decides such allocations is that you only gain money - in a free market system - by producing something that other people will voluntarily give you money for. That is, it is necessary to benefit other people before gaining title to that property. Instead of, under a political system, first gaining power by promising all sorts of benefits then enjoying the property without necessarily delivering them.

Just another one of those joys of the market - results first, rewards later.

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Tim Worstall
Tim Worstall is a British-born writer and Senior Fellow of the Adam Smith Institute. Worstall is a regular contributor to Forbes and the Register. He has also written for the Guardian, the New York Times, PandoDaily, the Daily Telegraph blogs, the Times, and The Wall Street Journal. In 2010 his blog was listed as one of the top 100 UK political blogs by Total Politics.

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