this post was submitted on 15 Feb 2024
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A federal appeals court blocked a racist Florida law that restricts Chinese citizens from buying land from being enforced against the two people who sued the state. The court did not, however, block the law entirely; it's still in effect for everyone else. One of the judges, Nancy Abudu, agreed that this was a blatant violation of the Fourteenth Amendment, and the ACLU of Florida intends to continue fighting to prevent this law from being enforced more broadly.

This fight isn't over, but this decision certainly acknowledges the discriminatory nature of this law and is a big win.

(Taken from an email sent to me by Never Again Action.)

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[–] [email protected] 25 points 9 months ago* (last edited 9 months ago) (1 children)

Perhaps you might know a few instances of foreigner capitalists owning and abusing the land and raising rent prices in a manner that hurts renters and the land. Black Rock capital is an American corporation that has consolidated and owned lots of apartments. https://eightify.app/summary/economy-and-finance/blackrock-s-dominance-in-housing-market-raises-concerns

You are complaining about Saudi corporations owning and abusing the water table when plenty of American corporations do the same thing. https://www.nbcnews.com/news/us-news/drought-water-scare-gets-attention-agribusiness-giant-adm-flna1c7114296 However, out of necessity they will have to appear to conserve water due to bad press and make a lot of articles about how they say that they are saving water. They will need to because appearing not to care will affect their stock price.

The issue is not foreign capitalists, it is capitalism. And capitalists just doing what is most profitable will lead to a collapse regardless. Capitalism is always in crisis, then the people get angry due to the negative outcomes, then they get the government to come in and regulate these corporations. However the neoliberal institutions are pulling back democratic control from the people to service the bottom line of these corporations even further. That is more dangerous for stabilizing capitalism than the foreigner capitalists.

This neoliberal model has brought poverty to many of the nations in South America, Eastern Europe, Asia, and Africa for this very same reason. Western corporations have exploited people in these countries like this. Now they are coming back to us. Dollars have potential to lose value more than ever before, but land does not as much. The main problem has always been the contradiction between those that work the land and live in apartments and those that profit from it despite their distance from it whether it be a foreign corporation or a domestic capitalist.