Political Science 1020E Lecture : PS1020E W4

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bobbert124

23 Oct 2022

School

Western University

Department

Political Science

Course

Political Science 1020E

Professor

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Document Summary

Dj and property rights marx liberty inequality property. Owners of resources have limited rights to determine what to do with them. Is a cluster of rights, including: possession, use, sell, give away, destroy. It becomes a means: procurer of peoples and nations . Money talk debases our language, it turns everything into question of money. True foundation of private property - in actual history, it is a nortorious fact that conquest, enslavement, robbery, murder, in short, force, play the greatest part . What justifies a system of property rights. Bentham - utilitarianism - choose the distribution that maximizes utility. Diminishing marginal utility means goods should be distributed equally. Nozick - libertarianism - basic rights include the right to private property. Entails free market capitalism with a minimal state. Rawls - liberal egalitarianism - unrestricted free market generates unacceptable inequalities. Income parade - translates income into height to show how income is very poorly distributed.

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