A lot of media attention to China, specifically the possible bankruptcy of Evergrande due to overdevelopment of housing, triggered me.
China's economic development in the last 45 years or so seems to have been based on privatizing land, or at least selling individuals and corporations a long-term right to farm or develop on a piece of land. (I'm hedging because I vaguely remember that perhaps they used long-term leases in some cases, rather like the Brits did sometimes.)
Anyhow, how did the Chinese state get the land? My impression is that as a result of the Chinese Revolution the Communist Party nationalized land in the 1950's, which they've been privatizing since 1980's.
To me in a broad view that seems like what the English/Americans did--they nationalized the land held by Native Americans and then fueled economic development by privatizing.
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