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'''Private Property '''or '''Absentee Ownership''' is a situation where one person has the right to exclude another from a physical space or goods without directly using or occupying that space, and is part of the basis of [[capitalism]]. | '''Private Property '''or '''Absentee Ownership''' is a situation where one person has the right to exclude another from a physical space or goods without directly using or occupying that space, and is part of the basis of [[capitalism]]. | ||
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== Critcisms == | |||
''See Also: [[The Tragedy of the Anticommons]]'' | |||
* Private Property tends to lead to lower economic efficiency and worker [[happiness]] that what could be achieved via [[Workers' Self-Management|workers' self-management]]. | |||
* Private Property tends to lead to [[Ecocide|worse ecological outcomes]] than what can be achieved via the [[commons]]. | |||
* Private Property was established through a massive wave of historical violence in the form of [[enclosure]] and [[colonialism]]. | |||
* Private Property naturally tends to create inequalities that can lead to authoritarianism. | |||
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[[Category:Economics]] | [[Category:Economics]] | ||
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Latest revision as of 17:43, 3 April 2024
Private Property or Absentee Ownership is a situation where one person has the right to exclude another from a physical space or goods without directly using or occupying that space, and is part of the basis of capitalism.
Critcisms
See Also: The Tragedy of the Anticommons
- Private Property tends to lead to lower economic efficiency and worker happiness that what could be achieved via workers' self-management.
- Private Property tends to lead to worse ecological outcomes than what can be achieved via the commons.
- Private Property was established through a massive wave of historical violence in the form of enclosure and colonialism.
- Private Property naturally tends to create inequalities that can lead to authoritarianism.