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Saturday, March 13, 2004
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The State Taketh, Chinese Entrepreneurs Say. Property rights are not respected in China, according to a Los Angeles Times article. URUMQI, China -- Bai Yiben worked hard to build up his property development business after retiring from a state-owned textile company in 1992, saving every penny... [Mises Economics Blog: Austrian Economics and Libertarian Political Theory]
Officials hounded Bai, 68, and his two sons, they say, manufactured state's evidence, brought suit in their own courts with no pretext of objectivity, forced the three men into a life on the run and ended up with everything. The officials aren't talking.
Of course nothing like this could ever happen here.
7:18:49 PM 
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© Copyright
2006
Ken Hagler.
Last update:
2/15/2006; 2:00:13 PM.
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