Francis Fukuyama Quotes

The Chinese Communist Party Has Seen Fit To Protect Most Property Rights Because It Recognizes That It Has A Self-interest In Doing So. But The Party Faces No Legal Constraints Other Than Its Own Internal Political Controls If It Decides To Violate Property Rights. Many Peasants Find Their Land Coveted By Municipal Authorities And Developers Who Want To Turn It Into Commercial Real Estate, High-density Housing, Shopping Centers, And The Like, Or Else Into Public Infrastructure Like Roads, Dams, Or Government Offices. There Are Large Incentives For Developers To Work Together With Corrupt Local Officials To Illegally Take Land Away From Peasants Or Urban Homeowners, And Such Takings Have Been Perhaps The Largest Single Source Of Social Discontent In Contemporary China.33

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