14 October 2011

Property rights & people's rights

The logic of the politics of property says that political rights depend on the firmness of property rights. Remove property rights and political rights inevitably fail. 
There might be considerable truth in that. 
On the other hand, delivering too much power to the propertied classes also undermines the people's rights. The Laffer curve might not have been true about taxes and revenues but it might be true about property rights and freedom. 
Much of the art of politics is about finding the proper balance between property rights and the people's rights. 
  • The Biblical system is unique in that it deals with property rights temporally as well as cross-sectionally. 
  • The Biblical system is tailored to a weak government where the property rights are embedded less in the laws and more in the culture. 

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