Monday, August 10, 2009

Good private property and bad private property

"As regards private property, the first and most basic distinction is between (a) property that is an aid to creative work and (b) property that is an alternative to it. There is something natural and healthy about the former - the private property of the working proprietor; and there is something unnatural and unhealthy about the latter - the private property of the passive owner who lives parasitically on the work of others."

E. F. Schumacher, Small is beautiful.

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