22 November 2010

The protections of private property

The way to deal with the problem of property engendering theft is to remove the value from the products that are stolen. We can accomplish that by removing the protections of private property from unearned material goods. 
When an economy matures it increases the proportion of the value that becomes unearned. Booms and busts could well be the result of too much abundance resulting in too much unearned wealth resulting in too much thievery. 
The shift from P&L to balance sheet is the shift from productive power to property. That is where the cashing out occurs. 

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