Capitalism is often defined as an economic system characterized by private ownership for the purpose of profit. But private property is a myth. Yet we still have capitalism, or at least we seem to have it. So what is capitalism really, and how can it function without private property?« Continue »
The Myth of Private Property
Due to the nature of rights, ownership of private property is a myth. Only guardianship of personal property, maintained through compacts, exists.« Continue »