Why is there even a need to make a case for private property? Any system which does not automatically assume private property rights is both ignorant and perverse. If something is mine and you take it, that makes you guilty of perhaps the worst possible form of cruelty. You have literally denied me my property, which is a physical manifestation of my conscience. Until I choose to part with it, my property is me, and I am my property. It is an extension of my being. So interfering with private property rights is rightly akin to rape.
I completely agree. But I am wary of your definition as "physical manifestation of my conscience." That's a poetic way of saying it's something i worked hard or gathered myself because i was passionate about it. But another, and imo an even more pressing problem arises when a person dies and their property is taxed at 100%. The government may not give any respect to a person's will, thus not allow the estate/property/shares to be directed in the way the deceased stated in their will (such as given to their immediate descendants or a specific charity). I think private property is beyond physical capital. It is a future investment into securing people or causes they care about. These forward thinking hard working people are visionaries and the government has no business in determining the right and wrong way of allocating their property. when there is a will or close family- should be determined by them. Not taxed, nor limited by government policies.
Private property isn't the same as personal belongings. Private property is about private ownership. Vs state ownership vs a collective ownership etc. I personally believe private property is immoral. But I won't say my arguments here you can research yourself if curious.
@@monsterhunter445 Private ownership of what? Of resources like equipment? Or of land and the minerals or other resources therein? Also, you believe private property is immoral. I must infer that you believe public property is moral. How does that property stay maintained and productive without force? In your humble and oh so moral opinion?
The Marxist response to (relatively) high wages and a nation (e.g. UK) becoming uncompetitive against poorer countries (e.g. Bangladesh) isn't to break unions and lower wages to a similar level but to raise the standard of living internationally, reducing the rate exploitation. Hence the idea of international solidarity. It's so strange from a left-wing point of view, to argue for the majority people to be in a weaker position of power.
"Induced to shift their occupation" how damn arrogant. No different than a central planner. Typical academic. Unemployment compensation isn't lucrative.
I know more than a few people that chose to stay unemployed during Corona virus because it was more lucrative to do so. When you pay people the same amount (or more) to stay home, why would they go to work? Especially the people that don't have sense of personal responsibility.
There are no rights, every right is a social construct. Property rights is a social construct just as much as other rights. But that is not to say that property ownership isnot important or to say that some sort of essence or understanding of ownership doesn't exist/shouldn't exist/ isn't important.
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Hayek and all the Austrian School is influencing Brazil...THanks for uploading!
You are lucky guys!
Why is there even a need to make a case for private property? Any system which does not automatically assume private property rights is both ignorant and perverse. If something is mine and you take it, that makes you guilty of perhaps the worst possible form of cruelty. You have literally denied me my property, which is a physical manifestation of my conscience. Until I choose to part with it, my property is me, and I am my property. It is an extension of my being. So interfering with private property rights is rightly akin to rape.
I completely agree. But I am wary of your definition as "physical manifestation of my conscience." That's a poetic way of saying it's something i worked hard or gathered myself because i was passionate about it. But another, and imo an even more pressing problem arises when a person dies and their property is taxed at 100%. The government may not give any respect to a person's will, thus not allow the estate/property/shares to be directed in the way the deceased stated in their will (such as given to their immediate descendants or a specific charity). I think private property is beyond physical capital. It is a future investment into securing people or causes they care about. These forward thinking hard working people are visionaries and the government has no business in determining the right and wrong way of allocating their property. when there is a will or close family- should be determined by them. Not taxed, nor limited by government policies.
Every thesis requires proof, no matter how obvious it seems. Even private property rights.
Private property isn't the same as personal belongings. Private property is about private ownership. Vs state ownership vs a collective ownership etc. I personally believe private property is immoral. But I won't say my arguments here you can research yourself if curious.
@@monsterhunter445
Private ownership of what? Of resources like equipment? Or of land and the minerals or other resources therein?
Also, you believe private property is immoral. I must infer that you believe public property is moral. How does that property stay maintained and productive without force? In your humble and oh so moral opinion?
@@monsterhunter445 don't just make a claim without backing it up. I'm sure you're grown, stand up for what you believe in dammit.
Thanks so much for uploading this! Hayek is one of my intellectual influences and favorite economists.
It shouldn’t be “Firing line”, but rather “Slow death by asphyxiation line”. Great show.
Justification for private property. The fact that the word "MY" exists. My car, my house, my money, my shit. Keep your damn hands off of MY stuff.
Dayum everyone is rocking an Adam Smith tie and look fresh ASF!!!!
wise man, let's educate our children and friends share
Was Hayek advocating for a UBI at the 9 minute mark?
No a NIT
UBI/NIT is the same (or at least similar) conclusion arrived at from different philosophical approaches. So, yes.
Too bad nobody is watching this video. Seems that the truth is an orphan.
lol in the comment section of an earlier upload of this video there was somebody bashing Bill Buckley as a brainless Liberal for attacking Hayek.
The Marxist response to (relatively) high wages and a nation (e.g. UK) becoming uncompetitive against poorer countries (e.g. Bangladesh) isn't to break unions and lower wages to a similar level but to raise the standard of living internationally, reducing the rate exploitation. Hence the idea of international solidarity. It's so strange from a left-wing point of view, to argue for the majority people to be in a weaker position of power.
WOW!
"Induced to shift their occupation" how damn arrogant. No different than a central planner. Typical academic. Unemployment compensation isn't lucrative.
I know more than a few people that chose to stay unemployed during Corona virus because it was more lucrative to do so. When you pay people the same amount (or more) to stay home, why would they go to work? Especially the people that don't have sense of personal responsibility.
"Unemployment compensation isn't lucrative," I dunno where you live mate but it is here in UK.
There are no rights, every right is a social construct. Property rights is a social construct just as much as other rights. But that is not to say that property ownership isnot important or to say that some sort of essence or understanding of ownership doesn't exist/shouldn't exist/ isn't important.