Why strong private property rights?
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Libertarian morality is as follows: According to the principle of homesteading, each man owns his
own person, and he therefore owns the things which he produces – those parts of nature hitherto unowned and which,
when mixed with his labor, are transformed into productive
entities. The only moral ways for these entities to change ownership are voluntary trade and gift-giving.
own person, and he therefore owns the things which he produces – those parts of nature hitherto unowned and which,
when mixed with his labor, are transformed into productive
entities. The only moral ways for these entities to change ownership are voluntary trade and gift-giving.
Those who are productive with their property become
responsible for more and more, since they can afford to buy up additional property with their earnings. The overall productivity therefore, will rise.
responsible for more and more, since they can afford to buy up additional property with their earnings. The overall productivity therefore, will rise.
