The Senate Commerce Committee approved legislation making it illegal for the Chinese Communist Party to own property in Arizona. But SB 1342, the proposal by Sen. Wendy Rogers, R-Flagstaff, goes
They can't just legislate away something like that without broad buy in from their national bourgeoisie. Capital needs places to invest. Capital is international. American nationals own property in China, Chinese nationals own property in America. Banning Chinese nationals (or German, British, French, Indian, Egyptian, Philippino, etc.) from buying property in one country invites counter action from the other country.
They can't just legislate away something like that without broad buy in from their national bourgeoisie. Capital needs places to invest. Capital is international. American nationals own property in China, Chinese nationals own property in America. Banning Chinese nationals (or German, British, French, Indian, Egyptian, Philippino, etc.) from buying property in one country invites counter action from the other country.
I don't doubt enforcement is going to be limited to people who don't benefit from a powerful retaliatory state.
It might never get used at all. Just dangled over people's heads to inflict stress and provoke terror.
Yea that’s why it’s targeted at CPC members. Completely toothless because why wouldn’t they just buy through a shell corp