Saturday, September 19, 2009


What? Am I mad? Isn't private property the Holy Grail of capitalism? One would think so, given what capitalism says and does. But in at least one very important but overlooked aspect capitalism is very much opposed to private property.

Next to your own body, what is the most important thing in the material world you can own?

The means of production. In capitalism most people do not own this. What they have is a job, but they do not own even that. Capitalism is always singing the praises of the businessperson, big or small, but it demands that the great majority of the world live as employees. An employee is someone who does not OWN their means of making a living. They may or may not own all kinds of other things, but the means of buying them is always in someone else's hands.

There is no reason whatsoever why things should be like this.

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