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Expropriation
Expropriation refers to confiscation of private property to establish social equality. This is a politically motivated and forceful redistribution of private property, taking wealth from the rich to feed the poor in order to establish social justice, in the Robin Hood style.
Unlike eminent domain, expropriation takes place beyond the common law legal systems and refers to socially-motivated confiscations of any property rather than to taking away the real estate. No compensation to owners is given. The term appears as "expropriation of expropriators (ruling classes)" in marxist theory, or as slogan "Loot the looters!", very popular during Russian October Revolution [1]
The term often refers to nationalization campaigns by communist states, such as dekulakization and collectivization in the USSR [2]. It may also refer to robberies by revolutionaries to fund their political activities, such as robberies by Joseph Stalin and Kamo in Russian Empire [3].
Shareholder Expropriation in the U.S.
(Editor’s Note: This post comes to us from Vladimir Atanasov of the College of William and Mary, Audra Boone of the University of Kansas, and David Haushalter of Pennsylvania State University...
Venezuela: the Return of Expropriation
There is news that the government of Hugo Chavez in Venezuela has taken control of the French-owned Exito chain of supermarkets, allegedly for price gouging after a currency devaluation...
The Anschluss and Expropriation of Jewish Copyrights in Europe
Today is the 70th anniversary of the Anschluss. Wikipedia (hardly the only source to consult for this epochal event) states:[T]he 1938 Anschluss, regardless of its popularity, was enacted by Germany...
Dexter: Shock, Awe, & Expropriation: The Act of State Doctrine and Loss Deductions Under § 165
Bobby L. Dexter (Chapman) has published Shock, Awe, & Expropriation: The Act of State Doctrine and Loss Deductions Under Section 165 of the Internal Revenue Code, 82 Tul...
International Tribunal Rules For Zimbabwe Farmers on Land Expropriation
The New York Times has an interesting story on an international tribunal's condemnation of Zimbabwe's confiscation of white farmers' property: Mr...
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