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Old 09-07-2005, 09:33 AM   #28 (permalink)
BigBen
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If we are going to talk about history as old as the Loisiana Purchase, can we now walk back in time to the Magna Carta and realize that private ownership of land is sacred to our modern world?

The fact is, even underwater, that land (and buildings) belongs to someone. Not necessarily the poor and destitute, but someone. The city will be rebuilt to protect a very fundamental part of capitalism and society. Land ownership requires government to help in the rebuilding process.

If society turned its collective back on the people and say "too bad, you should not have owned land in that shitty location" then people will start to question just how safe THEIR land is, and then they start to speculate on other things, like how safe their belongings are, and how safe their jobs are, and so on.

Then you get uncertainty in the market.

Then you get a serious economic downturn. Recession, Depression.

We need to show our society that when something bad happens, we pull together and make it right.

And to relocate the city, or portion thereof, is not feasible, IMHO, because that land belongs to someone else, and the process of re-allocating resources will get really fouled up.
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