Re:How the West Got China Wrong
by freeflight on Friday March 02, 2018 @08:53AM
(#16501318)
> These obligations don't come with modern property rights. In fact, there is barely a concept of obligations that come with property or rights anymore.
In some places, these obligations do exist, at least in theory. The German Grundgesetz Article 14, for example, states: "(2) Property entails obligations. Its use shall also serve the public good." [0]
Which is often quoted but these days rarely actually enforced/acted upon, the opposite is becoming far more common (privatization of common goods/services or straight up bailing out private companies with public money) like recent pushes to privatize German Autobahn [1] or when the public is bailing out massive private companies, like it happened with the banking crisis of 2008 [2], nuclear waste deals [3] or most recently bailing out German car manufacturers for Dieselgate [4].
In some places, these obligations do exist, at least in theory. The German Grundgesetz Article 14, for example, states: "(2) Property entails obligations. Its use shall also serve the public good." [0]
Which is often quoted but these days rarely actually enforced/acted upon, the opposite is becoming far more common (privatization of common goods/services or straight up bailing out private companies with public money) like recent pushes to privatize German Autobahn [1] or when the public is bailing out massive private companies, like it happened with the banking crisis of 2008 [2], nuclear waste deals [3] or most recently bailing out German car manufacturers for Dieselgate [4].
[0] https://www.gesetze-im-internet.de/englisch_gg/englisch_gg.h...
[1] http://www.dw.com/en/german-autobahns-backdoor-privatization...
[2] http://www.spiegel.de/international/business/subprime-bailou...
[3] http://www.dw.com/en/german-government-does-nuclear-waste-de...
[4] https://www.irishtimes.com/business/manufacturing/disbelief-...