Owning the World

Property rights, greed, and owning the unownable.

An economist and journalist, Anatone Kaletsky wrote for The Economist, The Financial Times, and The Times of London before joining Reuters in 2012. He is also author of Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis. Here, he discusses the biological basis for property rights, owning the unownable and the growing need to limit copyright protection.

 

Is ownership a moral, or an economic issue?

Well, it's both. Certainly there are very strongly economic justifications, weaker moral ones, as well as important political, civil, and biological justifications. The moral part of the entitlement to own property in the abstract 'good' or 'evil' sense is the weakest justification for property rights.

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NathalieS 17 November 2015

Dear Anatole,
I would like to hear your thoughts about owning national natural resources and making the others to pay for enjoying it (rivers, lakes, sightseeing). I live in Israel and our natural resources are rather limited but private companies have "conquered" it all. You cannot enjoy of anything now without having to pay an entrance. Of course this has many other sides, like "the company has to return its investment" etc.. But the reality is that many of us today just cannot enjoy from natural sites in the country (entrance fees are just huge). The government is happy of course Bécquer they get royalties and taxes..