beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
In political theory, private property and personal property are not the same thing - their exact definitions are debatable, but generally personal property is items intended for personal use - such as homes, clothes, vehicles and sometimes money. Private property is a social relationship between an owner and persons deprived eg. factories, mines, natural vegetation, etc.
So you don't need to worry about losing your personal workshop - and of course if you begin employing people at your workshop to make you wealthier, the people you employ should get a fair piece of the pie.
a grand contrivance to cover up the inherent flaw. it leads us to the following in lay language: personal owned property is private, while private owned property is public. how about if you employ people their piece of the pie is their wage? why do you not recognise the risk and investment that went into the endevour of creating the workshop, which no one made a fair contribution to?
Anyone who doesn't own the privately owned entity.
so, if you own that entity you are not deprived. ergo, you support widespread share ownership the foundation of modern capitialism. interesting twist. in the end, both the left and right of sensible economics aim for the same - the pooling of resources to increase production (or other services). the only difference is the left want the state to own and control the pool, the right want the market to own and control the pool. in the former i have no incentives and no input to the process, in the latter i gain from my efforts as i have direct contibution to what happens.