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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 343,982 of 345,374    |
|    davidp to All    |
|    QUORA: Why didn't Karl Marx approve of p    |
|    31 Jul 23 11:06:10    |
      From: lessgovt@gmail.com              QUORA: Why didn't Karl Marx approve of private property?       ---answered by Susanna Viljanen, 2 years ago       Because he was a philosopher, not an economist.       With perfect 20/20 hindsight, Marx did not understand anything about economics       nor sociology. He did not understand anything about the nature of humanity nor       how economics work. Most of all, he did not understand the Tragedy of the       commons.              Private ownership goes in hand in hand with responsibility. When a resource is       owned privately - be it private property, by shares in a joint-stock       corporation, or by a cooperative - it is maintained, upkept and taken care of       much better and much more        effectively than when it is common property. Common property is something       nobody owns. When there is no clear ownership, there is also no responsibility       - and the result is overuse, neglect and outright sabotage and vandalism - to       prevent others from        benefiting the resource and to show spite. The result is collapse of the said       resources.              This tragedy of the commons was prevalent in all Socialist countries. The only       method to upkeep the resources and prevent their collapse was coercion and       state terror. In the USSR, everything was broken, run-down or vandalized.       Nobody took any care nor        any responsibility of anything. Because nobody could say “This is mine!”.              Although common resource systems have been known to collapse due to overuse       (such as in over-fishing), many examples have existed and still do exist where       members of a community with access to a common resource co-operate or regulate       to exploit those        resources prudently without collapse. The most trivial method is, of course,       privatization of the said resource. It creates responsibility and it also       makes the owner to maintain the said resource and upkeep it instead of       plundering - unless he is some        kind of a kleptocrat or a warlord.              But other methods exist as well. Elinor Ostrom was awarded the 2009 Nobel       Prize in Economics for demonstrating exactly this concept in her book       Governing the Commons, which included examples of how local communities were       able to do this without top-down        regulations or privatization. The second most trivial is cooperative - the       joint community of the resource users, which comes together with obligation of       maintaining the said resource. But cooperatives are a hallmark of Anarchism,       which Marx strictly        disapproved!              Taking care of the resources without privatization requires exclusion and       altruistic punishment. Exclusion means strict limits on who may use the       resource and who may not, and punishing any use of the resource by outsiders       strictly. Altruistic punishment        means punishing those who steal from the till. While the punishers do not       benefit from it and it may only cause damage to the punishers, it is a must.       Because without punishing, moral hazard will ensue because of the free-rider       problem.              This is the reason why draft dodgers are punished extremely severely in       Finland. National defence is the common resource in question, and all Finnish       able-bodied males are required to take care of the upkeep of that said       resource in form of conscription.        Draft dodgers correspond to freeriders, and punishing them is a must. The       punishment is a prison sentence. Draft dodging has been made also almost       impossible by legislature - Finnish males between 18 and 30 cannot renew their       passport unless they can        demonstrate their service document.              Finland does not want to privatize the national defence. So coercion,       exclusion and altruistic punishment ensues. The needs of the nation outweigh       the rights of the individuals.              Marx did not understand anything of this. He saw only the flip sides of       Capitalism and the squalour in which the proletariat lived, and he thought       Capitalism is evil. He saw no possibility on ameliorating the things nor       making the situation more        palatable by means of intervention of the state - and he promoted violent,       genocidal revolution to attain a paradise of workers. In the real life, the       only thing which was attained was a living hell.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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