5/7/10

How the Loss of Property Rights Caused Zimbabwe's Economic Collapse.  From Craig Richardson,  writing at Cato Institute:    "the fertility of the land wasn’t determined just by rainfall or quality of the soil. Although communal lands tended to be in drier areas, many were directly adjacent to commercial farms or in high-rainfall areas. In addition, there were commercial farms in very arid parts of Zimbabwe. Yet in nearly all cases, the communal areas were dry and scorched, whereas the commercial lands were green and lush."

posted May 7, 2010 at 3  p.m