Why does the Institute for Liberty and Democracy fight for property rights and the rule of law?
To protect the interests of wealthy landowners*
To enable the poor to benefit from capitalism
The Institute for Liberty and Democracy (ILD) fights for property rights and the rule of law for various reasons, including both the interests of wealthy landowners and to enable the poor to benefit from capitalism. Let me explain how these factors come into play.
1. Protecting the interests of wealthy landowners:
The ILD advocates for property rights primarily because it believes that secure property rights are essential for economic development and prosperity. By ensuring that individuals have clear and legally enforceable rights to their property, the ILD aims to protect the interests of landowners, including wealthy landowners. When property rights are secure, landowners are more likely to invest, develop and improve their property, which can drive economic growth.
2. Enabling the poor to benefit from capitalism:
The ILD also fights for property rights and the rule of law to enable the poor to benefit from capitalism. One of the key reasons for this is the informal sector, where many impoverished individuals work and live. In many developing countries, a significant portion of the population lacks access to secure property rights, leaving them vulnerable to exploitation and unable to leverage their assets to access capital or start businesses. By advocating for property rights and the rule of law, the ILD seeks to formalize and secure the property rights of the poor, thus providing them with opportunities to participate in the formal economy, access credit, and lift themselves out of poverty.
In summary, the Institute for Liberty and Democracy fights for property rights and the rule of law to protect the interests of wealthy landowners and to enable the poor to benefit from capitalism by formalizing and securing their property rights.