The Effect that Private Property Has on the Actions of Individuals Essay example

The Effect that Private Property Has on the Actions of Individuals Essay example

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Private property has been a crucial human right for hundreds of years and has been very influential on the actions of individuals. Private property is having the right to have complete jurisdiction over obtained goods or resources; however, private property usually refers to land owned by a single individual or to a group of individuals. Because private property is controlled by a private owner, one is able to use the product or land to its fullest value creating something of value that contributes to the growth of society. Some political views, such as Socialism and Communism, do not agree that private property has a favorable effect on individuals such as the more socialistic view, influenced by Karl Marx’s ideas that the actions of individuals are not beneficial when having private property. However, most people argue that private property creates a peaceful competition for the control of economic resources.
Private property gives individuals full responsibility for their actions concerning their private properties. To most nations around the world, private property is seen as a privilege to have because it is a freedom, such as privacy is a privilege or freedom. One has complete control over a personal belonging. Private property is having the right to do whatever one wants with what he or she owns. President Calvin Coolidge has been quoted as saying, “Ultimately, property rights and personal rights are the same thing.” meaning that having the right to one’s own property is a personal right and privilege one has gained in the quest for universal human rights. Private property owners have the right to do whatever they want with the land and rent out properties or resources. No legislation can tell an individual the actions he...

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...ate business owner. The business owners did not have to pay the children much money which meant more profits for the business owners. This then presents the problem of creating a very wide range between the working and upper class.

Works Cited

American Policy Center. American Policy Center, 2014. Web. .
Friedman, Milton, and Rose Friedman. Free to Choose: A Personal Statement. New York: Harvest Book, 1990. Print.
Library of Economics. Library Fund, 2008. Web. .
Policy Analysis. Cato Institute, 2003. Web. . .
Sandefur, Timothy. The Right to Earn a Living. Washington D.C: Cato Institute, 2010. Print.
U.S. History. Independence Hall Association, 2008. Web.

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