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What is "MELD"?

Started by prime, Feb 01, 2024, 03:10 PM

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prime

Mixed Economy Liberal Democracy

Quoteliberal democracy, a form of democracy in which the power of government is limited, and the freedom and rights of individuals are protected, by constitutionally established norms and institutions.

https://www.britannica.com/topic/liberal-democracy

Translation: democracy + republic + civil rights.

Quotemixed economy, in economics, a market system of resource allocation, commerce, and trade in which free markets coexist with government intervention. A mixed economy may emerge when a government intervenes to disrupt free markets by introducing state-owned enterprises (such as public health or education systems), regulations, subsidies, tariffs, and tax policies. Alternatively, a mixed economy can emerge when a socialist government makes exceptions to the rule of state ownership to capture economic benefits from private ownership and free market incentives.

https://www.britannica.com/money/mixed-economy

Translation: capitalism + socialism hybrid.

prime

How people are thwarting the power of MELD:

QuoteA taking is when the government seizes private property for public use.

A taking can come in two forms. The taking may be physical, which means that the government literally takes the property from its owner). Or the taking may be constructive (also called a regulatory taking), which means that the government restricts the owner's rights so much that the governmental action becomes the functional equivalent of a physical seizure.

The power of the government through the use of eminent domain, to take private property and convert it into public use, is referred to as a taking. The Fifth Amendment provides that the government may only exercise this power if they provide just compensation to the property owners. A taking may be the actual seizure of property by the government, or the taking may be in the form of a regulatory taking, which occurs when the government restricts a person's use of their property to the point of it constituting a taking.

https://www.law.cornell.edu/wex/takings