Property rights are the most fundamental institution in any society. They determine who has decision-making authority over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence, and social standing. They make markets possible; define timelines; and provide incentives for investment, innovation, and trade. They mitigate the losses of open access and provide the basis for long-term economic growth. Economists and economic historians have long recognized the importance of secure property rights for economic outcomes.
Democrats have engaged in a passionate debate leading into the midterms on Nov 6. "Progressives" argue that the path to victory this year and beyond lies in motivating their youthful urban base by moving the party to the left. "Pragmatic" centrists, on the other hand, argue that victory requires ideological moderation that will attract independents.
In a new Twitter thread, former 2016 presidential candidate Hillary Clinton explained to her followers why it is important to vote in local elections as well as the national elections in the upcoming midterms.