Date: 2019-10-12 08:52 pm (UTC)
From: [identity profile] mi-b.livejournal.com
It is not obvious that people with modern high wealth, which is often abroad/offshore/crypto/non-tangible really benefit that much from state protection.

Date: 2019-10-13 05:29 pm (UTC)
From: [identity profile] misha-b.livejournal.com
I think they do. If you have, say, a stake in a public company, you benefit from the various regulations and disclosure rules that essentially make your money harder to take away. And certainly countries with stronger legal systems are preferable for keeping your money.

Date: 2019-10-14 07:57 am (UTC)
From: [identity profile] mi-b.livejournal.com
Disclosure rules have absolutely nothing do to with how easy it is to take wealth away. In most large public corporation the actual assets are usually hidden away in layers of subsidiaries. These subsidiaries are privately held, so even if public ownership of a corporation would somehow magically protect the ownership rights, this protection would not have worked for most companies.

Date: 2019-10-14 08:01 pm (UTC)
From: [identity profile] misha-b.livejournal.com
Perhaps. Still most large companies are stable at least partially because they operate under stable rules in developed countries.

Profile

ny_quant: (Default)
ny_quant

February 2026

S M T W T F S
1 234 567
89101112 1314
1516 1718192021
22232425262728

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Feb. 19th, 2026 05:23 pm
Powered by Dreamwidth Studios