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To add to that, many things are tangible like real estate, but the notion of ownership is a figment of our collective beliefs as well.
by cko 5y ago
To add to that, many things are tangible like real estate, but the notion of ownership is a figment of our collective beliefs as well.
- imgabe 5y agoWell, if you can physically enforce your ownership of something via force, that is a tangible expression of ownership. Generally, we have outsourced this to the state, though, as we seem to have a better society when ownership isn't determined solely by who's the best at violence.
- cko 5y agoTrue. Force can get pretty expensive and difficult to scale, so in practice I'm glad we outsourced it to the state (which is itself a construct). It's turtles (collective beliefs) all the way down. In my opinion if society breaks down enough, there are no secure assets besides tools of force and goodwill.