Re: BOOK: The Mystery of Capital

From: Amara Graps (
Date: Fri Oct 19 2001 - 07:50:56 MDT

J. R. Molloy:
>So, the answer is: Everyone needs to own their own home. Then they'll have a
> stake in the welfare of their communities. Big deal...

It's a big deal if banks, mortgage companies,etc. inside and outside
of the owner's city, region, country ... recognize it as one's own

Owning your own home means absolutely nothing, asset-wise, if noone
around you accepts/recognizes it as your property. (That's one of the
big problems, as I understand it, about why these people, who do
indeed own their own property, cannot turn it into something of value
to their economic lives.)



************************************************************************ Amara Graps, PhD | Max-Planck-Institut fuer Kernphysik Heidelberg Cosmic Dust Group | Saupfercheckweg 1 +49-6221-516-543 | 69117 Heidelberg, GERMANY * ************************************************************************ "Never fight an inanimate object." - P. J. O'Rourke

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