Federal appeals court narrowly blocks controversial Florida law barring Chinese land ownership
www.politico.com
"This prohibition blatantly violates the Fourteenth Amendment’s protection against discrimination," Judge Nancy Abudu wrote.

A federal appeals court blocked a racist Florida law that restricts Chinese citizens from buying land from being enforced against the two people who sued the state. The court did not, however, block the law entirely; it’s still in effect for everyone else. One of the judges, Nancy Abudu, agreed that this was a blatant violation of the Fourteenth Amendment, and the ACLU of Florida intends to continue fighting to prevent this law from being enforced more broadly.

This fight isn’t over, but this decision certainly acknowledges the discriminatory nature of this law and is a big win.

(Taken from an email sent to me by Never Again Action.)

  • redtea
    231·
    5 months ago

    The word other than ‘foreign’ that you’re looking for is ‘capitalist’, but as you seem to be specifically talking about foreign capital, there’s no need to be squeamish.

    Foreign capital is unlikely to invest with the intention of collapsing the US economy. Investors invest to get a return. Any collapse that follows is simply from the weight of the contradictions of capitalism. If foreign capital is permitted to sharpen those contradictions, it’s only because domestic (neoliberal) capital has created a system to facilitate such practices because it also benefits from it.

    There are vulture capitals, of course, but the US has these aplenty and any foreign capitalists looking to do shock treatment to the US are a drop in a deep and wide ocean. Who needs foreign capital for that when the domestic state is run for exactly that purpose?