RE: Collective vs. Private Ownership (Part 2 of a Series)

You are viewing a single comment's thread from:

Collective vs. Private Ownership (Part 2 of a Series)

in economics •  8 years ago 

Hi Larken!

Excellent explanation of ownership. One sentence in it really caught my attention:
"There is no such thing, and can be no such thing, as “the people” as a whole owning anything."

Collectivists have a hard time understanding that there is no such thing as "the people". It's only an abstract term for a collection of individuals. Abstractions can't act on their own, they can't reason or think and they sure as hell can't "own" stuff.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!