Private property rights

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 15, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    In another thread there was some discussion regarding what have been the most important evolutionary developments during the history of mankind that have led to our high level of wealth. I argued that the recognition of private property rights was probably the most important, or at least the cornerstone that allowed us to make the most that increasing technology, science and reason etc provided. For without private property rights it is impossible for us to own, protect, exchange and profit from our interactions with others in society.

    Bradley Thomas has briefly outlined 3 benefits to society of the recognition and legal protection of private property:

    https://erasethestate.com/2019/09/15/three-vital-roles-of-private-property/
     
    66rounds likes this.
  2. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    12,684
    Likes Received:
    1,759
    Trophy Points:
    113
    Location:
    Australia


    For some philosophy.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    ^ luckily we've evolved beyond the primitive tribal mentality.

    tumblr_mzh14eOpWH1smopzxo2_400.jpg

    And it's not only rednecks who don't understand property rights:

    Screen Shot 2019-09-17 at 8.19.04 am.png
     
    JulieW likes this.
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    And let's not forget that Greenies, governments and magpies have very little understanding of the concept as well:

    Screen Shot 2019-09-17 at 8.24.24 am.png
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    12,684
    Likes Received:
    1,759
    Trophy Points:
    113
    Location:
    Australia
    Maggies just killed a fellow. Australia where even birds kill humans.
     
  6. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    5,993
    Likes Received:
    862
    Trophy Points:
    113
    Many property rights are slowly, but surely, being eroded by the state.
     
    mmm....shiney! likes this.
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    2,329
    Likes Received:
    2,128
    Trophy Points:
    113
    Location:
    Oz
    Here's a thought and I'm not saying it's right but just thought I had....private property ownership was a long term play by the bankers to get their hands deeper into your pockets. When it comes to the biggest private property purchase most people make, it's their house and land. Most get a mortgage, pay interest to the bank (who has security over your house) for 20-30 years. Not a bad deal for the bank.

    Without legally recognised private property rights, how would the banks generate a large percentage of their revenues?
     
  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    I'm happy to see troublesome birds shot.
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    Lol, careful, there's a fine line between insight and madness. :p

    Property rights are a prerequisite to lending. And besides, banks wouldn't be the only companies attempting to profit from our innate desire to claim and protect territory. Take raising a child for example, there are whole industries marketing guilt. And they're not just the corporate ones, schools and police forces do a great job of taking the moral line in an effort to stay relevant. But it was an interesting thought @Oddjob.
     
  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    2,329
    Likes Received:
    2,128
    Trophy Points:
    113
    Location:
    Oz
    Correct...and where would the domestic / retail insurance industry be without private property rights...just think of all those copywriters / advertising executives in ad land would have to find meaningful employment too.:)
     
    66rounds likes this.
  11. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    12,684
    Likes Received:
    1,759
    Trophy Points:
    113
    Location:
    Australia
    Always an outlier eh Shiney?
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,417
    Likes Received:
    1,765
    Trophy Points:
    113
    Location:
    昆士蘭
    Without them violence would probably be the default means to redress intentional/accidental aggressive acts upon our property.
     

Share This Page