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RE: Collective vs. Private Ownership (Part 2 of a Series)

in #economics8 years ago

Hi Larken!

Excellent explanation of ownership. One sentence in it really caught my attention:
"There is no such thing, and can be no such thing, as “the people” as a whole owning anything."

Collectivists have a hard time understanding that there is no such thing as "the people". It's only an abstract term for a collection of individuals. Abstractions can't act on their own, they can't reason or think and they sure as hell can't "own" stuff.