Skip to main content

Posts

Showing posts from September, 2014

An American's Problem With Property

Property is a state defended right that entitles us to compel actions from one another. For instance, the State can declare someone as indebted to someone else who claims property damages.  Our Legal Tender, Federal Reserve Notes, exemplify state enforced property-right as they are "payable for all debts, public and private" of dollars, our favorite construct of exchange-value. This modern money (and the banking and credit systems built around it) allows the manufacturers of debt to own our common means of exchange even as we use it. Owners exact a tribute for it's use in interest, much as our absentee landlords exact tribute in rent for the use of their property. As a result, those of us who live paycheck-to-paycheck (laborers) are compelled to pay tribute to those with property-rights over the land and money that we, the Common, use to work together. We pay tribute to the owner-class to exchange our ideas, goods, and services.Property-right found perhaps its fullest ex…