Had dinner with my mom and P- tonight, and the topic of eminent domain came up. Of course the topic is dear to us because my apartment is directly affected. I kind of remember 10 years ago when the Chinese government swiped the land under Beijing McDonald’s to build a shopping mall, while America was awash with mergers and acquisitions. At the time, we never thought that what happened to McDonald’s could happen in a democratic society, and such robber barron “master of the universe” business deals could happen in a communist country.
What kind of week is it when the Chinese are involved in hostile takeovers, and the US validates government property grabs? Capitalist or Communist? Left or right?