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The same can be said for feudalism, yet powerful monarchs are largely gone. The innovations that help people live longer aren't private property, they're medic

• therealdrag0 5y ago
  The argument is private property is a nearly necessary ingredient to innovation. It may not be exclusively true but boy it sure helps! Even things like city planning greatly benefits form the taxes siphoned off healthy private commercial activity.
• CryptoPunk 5y ago
  >>The innovations that help people live longer aren't private property, they're medical science and city planning. Private property is what generated the massive gains in productivity that allow society to allocate resources to employing specialists like doctors, researchers and water sanitation engineers. Even over the last 50 years, it's abundantly evident that private property rights facilitated the unprecedented gains in wages and quality of life seen globally; https://www.ted.com/talks/paul_romer https://www.ted.com/talks/paul_romer http://www.economist.com/news/leaders/21578665-nearly-1-billion-people-have-been-taken-out-extreme-poverty-20-years-world-should-aim http://www.economist.com/news/leaders/21578665-nearly-1-bill... http://www.csmonitor.com/World/2016/0207/Progress-in-the-global-war-on-poverty http://www.csmonitor.com/World/2016/0207/Progress-in-the-glo...