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Property as in traded for its speculative value (buy some land, wait for demand to raise, sell it). As opposed to traded as part of a service (buy plastic, turn
by CuriousSkeptic 11y ago
Property as in traded for its speculative value (buy some land, wait for demand to raise, sell it). As opposed to traded as part of a service (buy plastic, turn it into a toy, sell it)
Capitalism promotes the former type of trade. For example inventing patents and copyrights as tradable property. these types of propert have no intrinsic value besides the rent extraction.
- AnimalMuppet 11y agoI can buy a piece of land, wait for the price to go up, and sell it. Or I can buy a piece of land, improve it, and eventually sell it. So I'm not sure why you single out the former as the defining thing that private property rights causes.
- CuriousSkeptic 11y agoBecause you don't need private property for the latter. You can just skip the buy and sell part and jump directly to improve and get paid
- AnimalMuppet 11y agoI can improve land I don't own? I don't see how I'm going to manage to get paid in that scenario...
- CuriousSkeptic 11y agoI'm not sure I follow. If someone sees value in getting the improvement done and are willing to pay you to do it. you can offer your services and accept payment.
- zo1 11y ago>"For example inventing patents and copyrights as tradable property." Those are elements of a state-enforced monopoly (over patents/copyrights). Either way, the latter example you cite is (I'd argue) just as prominent as the former. It's called value-creation (or addition?), and is the core of a supply-chain.