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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (7996)4/13/2006 3:52:16 PM
From: gpowellRead Replies (1) of 24758
 
Capitalism does not need property rights. It does not need rule of law. It works in spite of these structures which are put in place for other reasons.

I agree. However, property rights allow individuals to store and divide labor, which, in turn, enables individuals to determine where it is to be applied. Property rights, which are simply a construct created by the market, has seemed to increase the rate at which pure resources are turned into valued output (at least in this era). I do agree with the assertion that if another form of market organization is developed (where property rights are abolished, for instance) proves to be more efficient, the market will adopt it.
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