Property law

(cont'd from yesterday's post)

When there's no rule of law, there's rule of the jungle.

Watch (African) Herman Chinery in this video saying (at 1:13) that the lack of property rights under the law is a "terrible, terrible problem." He asks us to imagine the plight of farmers who lack law-protected rights to the land that they farm. He says that farmers in Ghana have to buy their land four or five times.