Why Do We Have Property Rights? Why Has Capitalism Been So Successful?

Via. Chris at Stumbling and Mumbling I came across a series of interlinked posts discussing property rights and their justifications or lack thereof (which I think were sparked by Chris’ posts about copyright).

Now I won’t rehearse everything I’ve argued on this subject, but I will offer a few observations.

Ian B., a commenter at Tim Worstall’s blog, claims the following:

“Animals (indluding humans) tend towards asserting property rights. My cat believes she owns the garden, and forcibly ejects other cats from it. It’s just something animals do…You’re free to choose which sort of society you want but, like my cat, I will personally prefer the property rights one.”

What’s interesting about this is it’s actually pretty much my view – and in sharp conflict with the way that both right-libertarians and many socialists talk.

For the latter, the key issue for understanding property is work, creation of goods. There are then different arguments about whether entrepreneurs or inheritors or capitalists ‘have the right’ to their wealth, or whether in fact the workers who collectively produce that wealth ‘have the right’ to it.

But what both myself and Ian suggest is that while these reflections may be true or false, they have nothing to do with the reality of property rights. That reality is instead a descendent of the territorial instinct – that is, of animals competing for power.

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