http://johnquiggin.com/2016/10/16/locke-nozick-locke/#comment-274067John
I will propose the third angle:
That property rights increase incentives, ideation, productivity, risk tolerance, opportunity creation, monetary and economic velocity. And as a consequence produce higher returns ( commissions or taxes ) for the minority who imposed property rights over the objections of the rent seeking majority. And as a consequence upward distribution of returns slowly domesticates ( reduces the reproduction of ) the lower classes, further accelerating cooperation.
This is in fact the process that occurred in Europe.
Painful truths are still truths.
Source date (UTC): 2016-10-16 14:04:00 UTC
Leave a Reply