Reference no: EM131738830

Question: While you are attending a business conference in South America, someone you and says, "A private property system might work well in your country, but 1t WI never work in mine. There are only a few wealthy families in my country who own almost evering. Our only hope for the people is for the government to confiscate their lands and adm1n1ster our resources through socialism." What do you say to this person in light of what you have read in this chapter? What strategy might you suggest regarding getting more private land into the hands of the poor in that country?