PROPERTY AS THE SUPPRESSION OF DISCOUNTS. (profound)(important) The Central Prob

http://www.propertarianism.com/2013/12/22/propertarianism-vs-libertarianism-universally-descriptive-vs-preferentially-prescriptive-but-still-all-rights-as-property-rightsPRIVATE PROPERTY AS THE SUPPRESSION OF DISCOUNTS.

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The Central Problem of Human Cooperation Is Suppression and Prevention of Free-Riding.

Private property rights, or rather, absolute private property rights, effectively place a ban on all free riding. The use of the state to police the prevention of free riding, transforms free riding into rent seeking both inside the government and out.

We advocate private property.

However that confuses consequence with cause. If we suppress all free riding in a society, we are left with absolute private property and the high trust society.

The state is a means for restoring the ability of people to conduct free riding via rent seeking while forcing the productive classes ever harder onto the hamster wheel of competition.

In this long article, I summarize propertarianism, and the construction of property rights via the total suppression of free riding (technically, in economic terms, ‘discounts’).

This helps illustrate the cause of which private property is the result.

(Edited version of prior post)