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property rights

Cubans distrust communism, desire property rights

A poll conducted by the International Republican Institute shows that Cubans don’t trust their government and would overwhelming support economic reforms, including exercising their natural right to private property (emphasis mine):

A year-and-a-half after Gen. Raúl Castro assumed the presidency of Cuba, more than four in five citizens on the island (82 percent) do not believe things are going well, according to a recent survey sponsored by the International Republican Institute (IRI). The survey, which was fielded on the island last summer, showed a vast majority of Cubans would vote for fundamental political change (75 percent) and economic change (86 percent) if given the opportunity.

“The data reveals Cubans’ strong dissatisfaction towards its leadership and their indisputable preferences for political and economic change,” said Lorne Craner, President of IRI.

Other significant findings from the IRI survey:

Eminent Domain Makes Way for $4.9B Arena

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Pfizer abandons site of infamous property rights case

One of the worst decisions by the Supreme Court, at least in recent memory, was Kelo v. New London. This decison redefined the Takings Clause of the Fifth Amendment, allowing local governments to use eminent domain to take private property for private use or economic development.

The City of New London used eminent domain to essentially steal the land of Susette Kelo and a few of her neighbors in the Fort Trumbull area of the city to build for Pfizer to build a new complex.

The site where the homes sat has been vacant for four years, with no signs of looming development. Today, news broke that Pfizer is abandoned the city, and will now consider selling or leasing the land.

If you want some background, you can watch Ms. Kelo tell her story:

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