Tuesday, September 28, 2021

4 Reasons Private Property Is Superior to Communal Property, According to Aristotle

Recommendable!

"... The first extensive defense of private property comes from Aristotle, writing in the 4th century B.C. in response to the idea of communal ownership as espoused by his teacher Plato. ...
On the subject of private ownership, Aristotle believed that external goods such as property and wealth could help people live a virtuous life. Unlike the more austere Plato, who recommended strict limits on wealth, Aristotle argued that “happiness also requires external goods in addition ...
In his seminal work Politics, Aristotle argued against communal ownership of property by demonstrating the superiority of private property in four core areas: efficiency, unity, justice, and virtue. ...
First, Aristotle argued that private ownership is simply more efficient than communal ownership. The latter increases the likelihood of neglect; since people are sharing something, everyone is more likely to assume that someone else is taking care of the situation, instead of taking responsibility themselves. ...
Aristotle ... arguing instead that private property in fact fostered unity, while communally owned property bred constant strife and discord. ...
Aristotle believed that using one’s property to aid friends was a great practice; “doing favors and helping friends, guests or mates is most pleasant, and this only happens when property is private.” In his opinion, generosity and charity can only exist in a society which upholds private property. ..."

Plato was one of the indicted enemies besides Hegel and Marx in the great book "Open Society And Its Enemies" by Karl Popper.

4 Reasons Private Property Is Superior to Communal Property, According to Aristotle - Foundation for Economic Education Aristotle’s arguments on property are still relevant today. Many free-marketeers have forgotten that there are more benefits of private property than mere economic efficiency.

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