Introduction Defensive systems that are primarily designed to protect civilians from the harms of war are ubiquitous. Some, like shelters, sirens, or gas masks, have been around for over a century. Walls and barriers, which have a much older pedigree, have proliferated in recent years (even if mostly to prevent immigration, not to protect from […] Continue Reading >
Uncompensated Takings: Insurance, Efficiency, and Relational Justice
Uncompensated Takings: Insurance, Efficiency, and Relational Justice
Introduction The basic principles governing the power of eminent domain might seem so well established by now as to be beyond controversy: the government may confiscate private property for public use but must compensate the owner for the value of what the government took. Those rules have been part of the U.S. Constitution since the […] Continue Reading >
Will Tenure Voting Give Corporate Managers Lifetime Tenure?
Defenses
Will Tenure Voting Give Corporate Managers Lifetime Tenure?
Introduction In the past decade, many household-name companies have sold their shares to public investors while using dual-class voting structures to maintain management control over the company.[1] For example, technology companies, including Alibaba, Facebook, and Google (now Alphabet, Inc.), have all adopted dual-class voting structures.[2] These management-friendly voting systems have been justified as giving their […] Continue Reading >
Uncompensated Takings: Insurance, Efficiency, and Relational Justice