grey on Nostr: Private property rights are more than just a collective illusion. If you follow the ...
Private property rights are more than just a collective illusion. If you follow the logic to its natural conclusion, it’s the only place you can arrive. By the process of elimination, you can prove that private property is a fundamental axiom for humanity.
The alternative to private property is collective property. Goods are utilized in accordance with the desires of their owners. If we presume that property is collectively owned, this means that you would need everyone to agree on how to utilize every good. It must be a consensus. Otherwise, certain individuals are deprived of their share of the “collective” property rights. Practically, this is impossible. If all 8 billion people on earth had to agree on which food got eaten by whom, humanity would starve to death. Any ideology that invariable leads to the destruction of humanity is undeniably anti-human. Collective ownership, therefore, is an anti-human concept. An anti-human concept cannot possibly form the foundation of a prosperous society.
We can then conclude that property must be privately, not collectively owned.
#AustrianEconomics
The alternative to private property is collective property. Goods are utilized in accordance with the desires of their owners. If we presume that property is collectively owned, this means that you would need everyone to agree on how to utilize every good. It must be a consensus. Otherwise, certain individuals are deprived of their share of the “collective” property rights. Practically, this is impossible. If all 8 billion people on earth had to agree on which food got eaten by whom, humanity would starve to death. Any ideology that invariable leads to the destruction of humanity is undeniably anti-human. Collective ownership, therefore, is an anti-human concept. An anti-human concept cannot possibly form the foundation of a prosperous society.
We can then conclude that property must be privately, not collectively owned.
#AustrianEconomics