Monday, December 30, 2019

The Judicial Branch of the American Government as a...

The Judicial Branch of the American government has potential to be the best protector of private property because it is highly insulated from rent seeking. However, its ability to protect can be compromised where it elects to defer to the legislative branch in making decisions like in cases where public use and eminent domain takings are argued. This inclination to defer to the legislatures hinders the Judicial Branch from reaching its full potential as protector of private property due to the fact that legislatures are not very insulated against rent seeking. To understand the judiciary’s role as a private property protector, we must first understand what private property rights are, the motivation of the judiciary to protect these rights and the kind of power that the judiciary has at its disposal to successfully execute this role. To understand why this role maybe be compromised, we must take a look at the legislative branch and how rent seeking influences the laws that it passes. Throughout American history, the definition, allocation and protection of property rights has been one of the most controversial and combative issues. According to Armen and Demsetz (1973), â€Å"†¦a private property right includes the right to delegate, rent, or sell any portion of the rights by exchange or gift at whatever price the owner determines (provided someone is willing to pay that price). If person A is not allowed to buy some rights from Person B and Person B therefore is not allowed toShow MoreRelatedThe Usa Patriot Act, a Controversial Public Policy, Julius Taka2951 Words   |  12 PagesThe USA Patriot Act of 2001 is a controversial public policy, which greatly undermines the civil liberties and constitutional freedom of the American people. 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