Theme: Property

  • That’s the deal.

    Mar 14, 2020, 11:22 AM

    Your body, your children, my capital, my polity. That’s the deal. No More Lies

  • Like I Said: Nationalization to Protect Industry

    —“France is ready to use the ultimate weapon to protect its biggest companies from the market turmoil set in motion by the coronavirus: nationalization.”—

      What does nationalization mean? The state ‘buys’ the corporation (its shares), directly from the company (not existing investors), at a discount (30%-50%), at market prices, vacates all non-vendor debt (all borrowing), restoring fiscal health, and appoints a receiver, and a board member, with veto power over dispersals. The state may also invest additional funds for strategic purposes. Especially research and development, or modernization.

  • Like I Said: Nationalization to Protect Industry

    —“France is ready to use the ultimate weapon to protect its biggest companies from the market turmoil set in motion by the coronavirus: nationalization.”—

      What does nationalization mean? The state ‘buys’ the corporation (its shares), directly from the company (not existing investors), at a discount (30%-50%), at market prices, vacates all non-vendor debt (all borrowing), restoring fiscal health, and appoints a receiver, and a board member, with veto power over dispersals. The state may also invest additional funds for strategic purposes. Especially research and development, or modernization.

  • No It”s Just a Normal Tort Case – Parents Don”t Have Special Privilege

    No It”s Just a Normal Tort Case – Parents Don”t Have Special Privilege https://propertarianism.com/2020/05/28/no-its-just-a-normal-tort-case-parents-dont-have-special-privilege/


    Source date (UTC): 2020-05-28 21:22:28 UTC

    Original post: https://twitter.com/i/web/status/1266117661601267713

  • No It”s Just a Normal Tort Case – Parents Don”t Have Special Privilege

    —“Curt, is this interesting or am I reading too much into it? From what I’ve read on UK property rights (past and present), the idea that pleas of injustice or “hey, no fair” could overrule the express wishes of the property owner is a significant shift away from the standard individualist approach to ownership rights. This is a move towards collectivist, ‘property is owned by the extended family’ principles.”— @lisa outhwaite

    No it’s a normal tort case, wherein a man spent his life working on a farm under the oft discussed promise he would inherit it, and the family broke the demonstrated contract.

    —“”Andrew’s parents put in place a series of measures which were designed to leave Andrew, in his fifties, with no home, no job, no savings, and no pension, despite a lifetime’s worth of work.”— —“his parents went back on promises they had made that he would inherit a substantial share of the family farm, which he had worked on for 32 years since the age of 16.”—

    In other words, if you and your parents stop talking to one another for some reason, well, sure they can will inheritance to anyone they choose. But if they stop talking that doesn’t break the contract that both parties invested in regardless of whether they are parents.

  • No It”s Just a Normal Tort Case – Parents Don”t Have Special Privilege

    —“Curt, is this interesting or am I reading too much into it? From what I’ve read on UK property rights (past and present), the idea that pleas of injustice or “hey, no fair” could overrule the express wishes of the property owner is a significant shift away from the standard individualist approach to ownership rights. This is a move towards collectivist, ‘property is owned by the extended family’ principles.”— @lisa outhwaite

    No it’s a normal tort case, wherein a man spent his life working on a farm under the oft discussed promise he would inherit it, and the family broke the demonstrated contract.

    —“”Andrew’s parents put in place a series of measures which were designed to leave Andrew, in his fifties, with no home, no job, no savings, and no pension, despite a lifetime’s worth of work.”— —“his parents went back on promises they had made that he would inherit a substantial share of the family farm, which he had worked on for 32 years since the age of 16.”—

    In other words, if you and your parents stop talking to one another for some reason, well, sure they can will inheritance to anyone they choose. But if they stop talking that doesn’t break the contract that both parties invested in regardless of whether they are parents.

  • Definition: Demonstrated Interests

    Mar 22, 2020, 12:30 PM

    —“What’s a Demonstrated interest?”—

    Demonstrated interest without imposing upon others demonstrated interests is a fact. Possession is a fact. Property requires an an agreement. Property rights require an institutional means of enforcement. I bear costs of existing (Natural Interest). I bear costs of acting (Demonstration) I bear costs of acquiring goods, services, information, opportunity. (Demonstrated Interests) I demonstrate an interest by bearing a cost on that which no other has born a cost to demonstrate an interest. I consent to a portfolio of reciprocally insured property with others. I consent or am forced to comply with an institutional means of reciprocally insuring property with others.

    —“Does theft demonstrate an interest? (you still have to invest your time into committing a theft) The stolen good can be a possession as long as defended but it’s not property. If demonstrated interest is obtained by homesteading, can’t it can be obtained by any kind of investment and become possession – but when it’s not collectively insured, it doesn’t become property, and when it’s an imposition of cost on someone who had it collectively insured, it’s a prohibited possession?”—

    Conflating cost and interest. One bears a cost to demonstrate an interest. One bears a cost but fails to demonstrate an interest. So a thief has born a cost and taken possession but he has not demonstrated an interest. But this is an excellent, and deep question that means you are getting to the first foundations.

  • Definition: Demonstrated Interests

    Mar 22, 2020, 12:30 PM

    —“What’s a Demonstrated interest?”—

    Demonstrated interest without imposing upon others demonstrated interests is a fact. Possession is a fact. Property requires an an agreement. Property rights require an institutional means of enforcement. I bear costs of existing (Natural Interest). I bear costs of acting (Demonstration) I bear costs of acquiring goods, services, information, opportunity. (Demonstrated Interests) I demonstrate an interest by bearing a cost on that which no other has born a cost to demonstrate an interest. I consent to a portfolio of reciprocally insured property with others. I consent or am forced to comply with an institutional means of reciprocally insuring property with others.

    —“Does theft demonstrate an interest? (you still have to invest your time into committing a theft) The stolen good can be a possession as long as defended but it’s not property. If demonstrated interest is obtained by homesteading, can’t it can be obtained by any kind of investment and become possession – but when it’s not collectively insured, it doesn’t become property, and when it’s an imposition of cost on someone who had it collectively insured, it’s a prohibited possession?”—

    Conflating cost and interest. One bears a cost to demonstrate an interest. One bears a cost but fails to demonstrate an interest. So a thief has born a cost and taken possession but he has not demonstrated an interest. But this is an excellent, and deep question that means you are getting to the first foundations.

  • Reciprocity functions as the explanation of the preservation of demonstrated interest

    Mar 22, 2020, 1:04 PM Reciprocity functions as the explanation of the preservation of demonstrated interest, against which people will not retaliate. Starting with reciprocity instead of the first principle of time, the utility of cooperation, the self defense of limiting yourself to reciprocity, and the offensive defense of your interests by demanding reciprocity starts with presumption (dependency, contingency). Instead: Time > value of cooperation > incentive to cooperate > incentive to cheat > incentive to punish, restitute, prevent > incentive to preserve cooperation (reciprocity) > incentive to produce restitution, punishment, and prevention. So, if we said reciprocity was the first principle we would be stuck with a contingency. But once we start with the necessity of time, proximity, cooperation, incentives, cheating, suppression of it, and work up from there, reciprocity is simply the logical and empirical means of obtaining the greatest rewards and the lowest costs outside of war etc. It provides universal decidability in matters of conflict. But It cannot function as a via positiva. It’ is not a ‘good’. It is the means by which we prevent the bad. Good is anything else that is not bad. This means people adopt a normal distribution of behaviors and we seek to use the test of reciprocity to suppress the violators thereby preserving all the value of cooperation across the scale from the individual to the polity. The problem arises when an unsupportable number of people in any market cannot survive by reciprocal means because they have noting to trade – not even labor – and therefore we have passed the limit of proportionality (reciprocity within the limits of proportionality.) It is no longer possible for these people to obtain ANY proportion of the returns on cooperation. Traditionally that means ‘leave this market for another’ or ‘retreat from the market into subsistence farming’ or ‘retreat from the market into crime’. From which we cull criminals by prosecution and those on subsistence by starvation and disease. Government intervention no longer provides this selection pressure. The current human training is to seek the via positiva moral claim as a demonstration of (in dominance order) fealty < loyalty < conformity < submission to the group. Positives are easy because we only have to imitate them. Negatives are harder, because we are required to think (problem solve). This is why we need multiple means of communicating across a population from high empathy low precision to limited empathy limited precision, to low or no empathy high precision. And it is the preservation of all THREE means that has made possible the western avoidance of monopoly by regression to the mean of the ability of the population.

  • Reciprocity functions as the explanation of the preservation of demonstrated interest

    Mar 22, 2020, 1:04 PM Reciprocity functions as the explanation of the preservation of demonstrated interest, against which people will not retaliate. Starting with reciprocity instead of the first principle of time, the utility of cooperation, the self defense of limiting yourself to reciprocity, and the offensive defense of your interests by demanding reciprocity starts with presumption (dependency, contingency). Instead: Time > value of cooperation > incentive to cooperate > incentive to cheat > incentive to punish, restitute, prevent > incentive to preserve cooperation (reciprocity) > incentive to produce restitution, punishment, and prevention. So, if we said reciprocity was the first principle we would be stuck with a contingency. But once we start with the necessity of time, proximity, cooperation, incentives, cheating, suppression of it, and work up from there, reciprocity is simply the logical and empirical means of obtaining the greatest rewards and the lowest costs outside of war etc. It provides universal decidability in matters of conflict. But It cannot function as a via positiva. It’ is not a ‘good’. It is the means by which we prevent the bad. Good is anything else that is not bad. This means people adopt a normal distribution of behaviors and we seek to use the test of reciprocity to suppress the violators thereby preserving all the value of cooperation across the scale from the individual to the polity. The problem arises when an unsupportable number of people in any market cannot survive by reciprocal means because they have noting to trade – not even labor – and therefore we have passed the limit of proportionality (reciprocity within the limits of proportionality.) It is no longer possible for these people to obtain ANY proportion of the returns on cooperation. Traditionally that means ‘leave this market for another’ or ‘retreat from the market into subsistence farming’ or ‘retreat from the market into crime’. From which we cull criminals by prosecution and those on subsistence by starvation and disease. Government intervention no longer provides this selection pressure. The current human training is to seek the via positiva moral claim as a demonstration of (in dominance order) fealty < loyalty < conformity < submission to the group. Positives are easy because we only have to imitate them. Negatives are harder, because we are required to think (problem solve). This is why we need multiple means of communicating across a population from high empathy low precision to limited empathy limited precision, to low or no empathy high precision. And it is the preservation of all THREE means that has made possible the western avoidance of monopoly by regression to the mean of the ability of the population.