Mover Mike

Thus we have a situation in which, unlike under socialism, individuals can still hold title to their own property. But unlike under a free market system, they do not own their property by right. They hold it at the discretion of political authorities who can yank it away at a whim. This is the economic principle of the classical corporatist or fascist regime.

To call it corporatist or fascist is no mere epithet. It designates a system in which the veneer of property rights is maintained but in which political authorities have extensive powers to limit rights in the name of economic planning. This system by necessity means that the normal state of affairs is political conflict — either out in the open in elections and legislation or behind closed doors with lobbyists and politicians making deals. It means that no one's property is truly secure. (emphasis added)

Eminent Domain