Monday, June 4, 2012
Joseph Blocher muses over why countries no longer buy and sell territory from each other:
Somewhere along the way, the market for sovereign territory seems to have dried up, at least as far as I can tell. To be sure, there is still an active market for proprietary interests in public land; the federal government, after all, owns approximately 30% of the nation’s land. But borders–sovereign territory, rather than property–do not seem to be for sale, especially domestically. Why?
Read the post for no other reason than the great historical tidbit on Martha's Vineyard.