View Poll Results: Should they be allowed to take your farm?

Voters
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  • Yes... power to the people!

    3 23.08%
  • Yes....if they pay me back the $100,000 I paid for it

    0 0%
  • Yes... if they pay me full market value for my farm

    0 0%
  • No..... it's my farm, get your grubby dictator paws off it

    10 76.92%
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Thread: Does a government have the right to nationalize foreign assets?

  1. #1
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    Does a government have the right to nationalize foreign assets?

    Hypothetical situation...

    Let's say you own a company that sells bananas. Say you buy a farm on a small island nation for $100,000. The reason you do this is because the quality of the bananas that can be grown on this island nation is superior to anything we could grow here in the States due to the natural climate and soil. The bananas you grow are extra yellow, and extra bendy. High quality, delectable bananas. So you sell a lot of them to happy American breakfast consumers, and your farm is very profitable.

    Now let's say there is political unrest in this little island nation. Poverty is high, and the locals view your success with envy. Say a benevolent dictator takes over, and promises to take your farm (and all other foreign assets in the island nation) and give it to the locals to run.

    Question - DOES THAT NATION HAVE THE RIGHT TO TAKE YOUR FARM?

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    Re: Does a government have the right to nationalize foreign assets?

    The framing of the final question is where the trouble comes in. Nations and national governments have all the "rights" they can get away with. Talking about rights and nations will get you nowhere because nations don't have rights, they have capabilities.

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    Re: Does a government have the right to nationalize foreign assets?

    One consideration when starting a business is the government. There's a reason nobody makes large investments in manufacturing plants/equipment in countries that change government frequently.

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    Re: Does a government have the right to nationalize foreign assets?

    I agree with clownboy. Theoretically you can say they have no right or they do but ultimately the rights of property are protected by government.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Does a government have the right to nationalize foreign assets?

    Quote Originally Posted by Peter Grimm View Post
    Hypothetical situation...

    Let's say you own a company that sells bananas. Say you buy a farm on a small island nation for $100,000. The reason you do this is because the quality of the bananas that can be grown on this island nation is superior to anything we could grow here in the States due to the natural climate and soil. The bananas you grow are extra yellow, and extra bendy. High quality, delectable bananas. So you sell a lot of them to happy American breakfast consumers, and your farm is very profitable.

    Now let's say there is political unrest in this little island nation. Poverty is high, and the locals view your success with envy. Say a benevolent dictator takes over, and promises to take your farm (and all other foreign assets in the island nation) and give it to the locals to run.

    Question - DOES THAT NATION HAVE THE RIGHT TO TAKE YOUR FARM?
    You are screwed. Is it right? No. Do they have the right to take your farm? In this case might makes right. You screwed blued and tatooed.
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    Re: Does a government have the right to nationalize foreign assets?

    My question is, are they within their right to do this, or should you have some recourse against them in a perfect world?

    Quote Originally Posted by clownboy View Post
    The framing of the final question is where the trouble comes in. Nations and national governments have all the "rights" they can get away with. Talking about rights and nations will get you nowhere because nations don't have rights, they have capabilities.

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    Re: Does a government have the right to nationalize foreign assets?

    I left the question in the realm of the hypothetical because I don't want people's political affiliation or national identity to bias how they answer this question.

    This scenario has played out many, many times during the course of history... and the response to it has varied.

    My question is do you think the island nation has the moral right to take the farm, because it's part of that country, or do you think your claim to the farm as the owner of that farm entitles you to some recourse?

    Quote Originally Posted by iliveonramen View Post
    I agree with clownboy. Theoretically you can say they have no right or they do but ultimately the rights of property are protected by government.

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    Re: Does a government have the right to nationalize foreign assets?

    Should you be allowed to sue that island nation in a US court? What recourse should you have internationally, if any?

    Quote Originally Posted by PirateMk1 View Post
    You are screwed. Is it right? No. Do they have the right to take your farm? In this case might makes right. You screwed blued and tatooed.

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    Re: Does a government have the right to nationalize foreign assets?

    Quote Originally Posted by Peter Grimm View Post
    My question is, are they within their right to do this, or should you have some recourse against them in a perfect world?
    You do have recourse against them-- you can shoot back with your own weapons and all the hired gun thugs you can afford.

    The world we live in is as perfect a world as we're ever going to get.

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    Re: Does a government have the right to nationalize foreign assets?

    So "might makes right," like another poster said?

    Quote Originally Posted by Viktyr Korimir View Post
    You do have recourse against them-- you can shoot back with your own weapons and all the hired gun thugs you can afford.

    The world we live in is as perfect a world as we're ever going to get.

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