Voluntary social systems are the most understudied subject in public policy, with the preference being for coercive structures. This blog is dedicated to finding non-coercive solutions to our social problems.
http://www.indianexpress.com/story/5813.htmlKarnataka is about to pass a bill that gives the state sweeping powers over private industry. Whenever the government feels that more land than was necessary for business has been acquired by a company, the government will take the land. If this bill is to pass, Karnataka will be an unsafe and unstable environment for business. The results should be visible within a decade with industries moving out.
When I worked at Intel last summer, I noticed that Intel had lots of unused land. Part of their strategy is to wait for the right moment and build another factory. Every company tends to procure more land than they need at that moment so future options are available. Stanford University itself has a similar strategy by sitting on top of a large amount of undeveloped land, which is used as and when funding is available.
Of course, the government is doing this using the argument of "social justice," of which I am yet to see a non-coercive application. In fact, I am yet to see a good outcome. Social justice is an euphemism for forcibly taking resources from someone and giving it to another. When people do this, it's called robbery. When the government does this, it's called social justice. How funny!