VI.2                     Predatory Political Economy
                         Fabulous Wealth for a Few, Minimal Life Chances for the Many
                        
 
In all the political systems of the world, much of politics is economics and most of economics is also politics . . . For many good reasons politics and economics have to be held together in the analysis of basic social mechanisms and systems.
                                                       Charles Lindblom (b. 1917)
 
If the misery of the poor be caused not by the laws of nature, but by our institutions, great is our sin.
                                                         Charles Darwin (1809-82)
 
Poverty is like punishment for a crime you didn't commit.
                                                              Eli Khamarov
 
For every talent that poverty has stimulated it has blighted a hundred.
                                                  Gardner, John W. (1912-2002)
 
Poverty often deprives a man of all spirit and virtue; it is hard for an empty bag to stand upright.
                                                       Benjamin Franklin (1706-90)
 
The poverty of our century is unlike that of any other.  It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich.  Consequently, the modern poor are not pitied...but written off as trash. The twentieth-century consumer economy has produced the first culture for which a beggar is a reminder of nothing.
                                                             John Berger (b. 1926)

Predatory political economy together with rapidly expanding populations produce and maintain the underprivileged multitude--the many who lack a decent standard of living, adequate education, and economic security.
Money has at least two primary purposes--a means for exchange and to accumulate wealth. However, if most of the money is pulled out of circulation when it ends up as wealth in a few hands, then there is not much left for exchange. Thus, the economy becomes anemic because "the folks ain't got no money to buy stuff." 
                                                                         This writer
 
On Political Economy:
A. Concise Findings on Political Economy
B. Detrimental Dupery in Economics
C. The Perniciousness of Predatory Capitalism
D. A New Type of Entrepreneur, the Plutocrat
E. Consumerism as a Form of Social Control
F. How Well Does Capitalism Work in the U.S.?
G. A Critique of Capitalism by A. Einstein
On Property:
H. Can Private Property beyond Need be Justified?
I. Views on Property from Antiquity to Modernity
J. Property and Full Property Ownership Defined
K. Rights and Property Rights Defined
L. Indebtedness to Arnold Künzli
 
Introduction
This chapter is primarily about political economy that determines how much property or goods, when, where and how the individual may obtain. Until animals with larger brains and the capacity for higher and moral thought came along, the earth belonged in common to the fittest among plants and animals. Animal and human "nature was red in tooth and claw," that is, "might made right." Although rules regulating personal effects within the family or group were probably already present in prehistoric times, more complex property relations evolved once the domestication of plants and animals created things over and above simple personal belongings. Fertile land was then the primary source of wealth and was initially owned in common. Only later, when a concentration of power gave rise to classes, was it appropriated by an elite and used to exploit the lower classes. It all started when:
The first man who, having enclosed a piece of ground, bethought of saying "This is mine" and found people simple enough to believe him, was the real founder of civil society. From how many crimes, wars, and murders, from how many horrors and misfortunes might not anyone have saved mankind, by pulling up the stakes, or filling up the ditch, and crying to his fellows: "Beware of listening to this impostor; you are undone if you once forget that the fruit of this earth belong to us all, and the earth itself to nobody."
                                                    Jean-Jacques Rousseau (1712-1778)
 
     Property relations among animals are amoral, but among people they can be moral or immoral, just or unjust. They can be immoral because the capacity for higher thought also allows unjust property relations through methods of expediency, hypocritical cunning, craftiness, and deceitfulness, see Antisocial Minds and Their Means for a full explanation. But moral thought, and this is good news, allows for property relations grounded in justice, that is, a system where everybody gets what he or she deserves here and now.  
     To understand property rights and relations we need definitions. As one researcher correctly observed: "It is quite striking that discussions of property rights whether sociological, political, or philosophical usually avoid such adequate stipulations." This way, however, the existing property inequalities can be maintained because obscurity offers security from rational discussion and therefore detection. Therefore, the concepts of property, property ownership, and property rights are added after first explaining the claims for property rights, the sources and detrimental results of predatory greed, and finally presenting "property" views from a variety of sources.
 
A.                     Concise Findings on Political Economy
According to the law of nature it is only fair that no one should become richer through damages and injuries suffered by another.
                                                        Sextus Pomponius (1st-2nd century CE)
 
There is no such thing as left or right political economy, there is only good and bad.
                            Gerhard Schroeder, German Chancellor (b. 1944)
 
Above all things, good policy is to be used that the treasure and monies in a state be not gathered into few hands. . . . [Because] money is like manure [fertilizer] not good except it be spread.
                                                Francis Bacon (1561-1626)
 
So long as all the increased wealth which modern progress brings, goes but to build up great fortunes, to increase luxury, and make sharper the contest between the house of have and the house of want, progress is not real and cannot be permanent.
                                                                         Henry George (1839-1897)
The crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.
                                                    Albert Einstein (1879-1955)
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone [that is, private vices producing public good, selfishness doing the work of unselfishness].
                                            John Maynard Keynes (1883-1946)
Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
                                                    Bertrand Russell (1872-1970)
. . . nowhere have we really overcome what Thorstein Veblen called "the predatory phase" of human development. The observable economic facts belong to that phase and even such laws as we can derive from them are not applicable to other phases.
                                                       Albert Einstein (1879-1955)
The forces in a capitalist society, if left unchecked, tend to make the rich richer and the poor poorer.
                                                Jawaharlal Nehru (1889-1964)
 
The great monopoly in this country is the money monopoly. So long as it exists, our old variety of freedom and individual energy of development are out of the question.
and
The truth is, we are all caught in a great economic system which is heartless.
                   Woodrow Wilson (1856-1924) U.S. President (1913-21)
 
The American system of ours, call it Americanism, call it capitalism, call it what you like, gives each and every one of us a great opportunity if we only seize it with both hands and make the most of it. . . . My rackets are run on strictly along American lines and they are going to stay that way.
                                         Al Capone (1899-1947) U.S. gangster
 
Power concedes nothing without a demand. The struggle for justice must never be adjourned. The forces of injustice do not take vacations. Societies are not static in this regard. They await the political and civic energies of individuals who engage the arenas of power, multiply their numbers and emblazon in deeds and institutions the immortal principle that "Here the People Rule."
                                                                                Ralph Nader (b. 1934)
 
No business is so essentially the public's business as the industry and commerce on which the people's lively hood depends, and to entrust it to private persons to be managed for private profit is a folly similar . . . to that of surrendering the functions of political government to kings and nobles to be conducted for their personal glorification.
                                                         Edward Bellamy (1850-98)
 
Concluding commentary
Promoters of capitalism with strong property rights accuse those who critique their claims for unlimited private property and property beyond need of wanting to abolish these rights. How hypocritical, for it is these agents who already abolished these rights for the large majority. To better understand this assertion, one needs to distinguish between at least three kinds of private property:
1.    Personal property to which one has an exclusive right are the needs for life such as food, shelter, education, and the means to health care and social security.
2.    Personal property beyond needs--hoarding and luxuries--to which one may have a right if as good and enough is left for all others.
3.    Large holdings, on which others depend for their existence, such as the means of production--goods and services, etc.--to which one has no unrestricted right if any rights at all.
Finally, Universal Human Rights for survival and a quality life trump private property rights that result in accumulation beyond need. Moreover, economic totalitarianism such as neo-liberal globalization, where individual players in trading nations benefit but not the people, is a form of political repression that violates universal human rights and detrimentally reduces a nation's economic sovereignty.
B.                         Detrimental Dupery in Economics
Traditional democratic theory is mistaken when it treats the economy as a non-political domain ruled by "the invisible hand of the market place" and other implausible economic laws. Therefore, political democracy must be extended to include the economy.
                                                                            This writer
 
The study of economics has to date and for the most part  avoided questions of ethics and in particular those of social justice and a just social contract. It is supposedly a social science that studies the production, distribution, and consumption of goods and services. However, it has obviously failed to integrate the concreteness of economic reality with the well-being of individuals and society as a whole.
     At the very least, honest work should be available to all people. Moreover trade, commerce and industry should be monitored to eliminate and prevent dishonest and exploitative practices. "By this criterion, the absence of poverty is a better benchmark of a government's success than the presence of millionaires and billionaires."
     Dupery in economics, at least in the U.S., consists mainly of misrepresentations of concepts and the sloganeering of self-serving mythologies that bamboozle the public:
  • "All benefit from free trade between nations." This is usually justified by the law of comparative advantage. This law correctly states that when every nations produces whatever they are most competitive in and then trade, each party benefits. However, not all but mostly a few benefit because it is individuals in those nations who trade and gain but not the people who make up the nations.
  • "The invisible hand of the market place regulates for the best." This suggests that the market works by itself and best when not interfered with. This illusion, suggests Paul L. Wachtel, "enabled all to feel that they had no responsibility for the way goods are distributed. we must, after all, bow before the laws of economics."   In actuality, the macro economy is manipulated by self-serving special interests who want no oversight. Thus, the invisible hand made visible is a clenched fist with the middle finger extended. As I write (Dec. 2008), 35 years of deregulation and privatization of enterprises that need to be owned or regulated by the people's governments has caused the worst global recession since the Great Depression (1929-most of the 1930s). It is an implosion of predatory capitalism. The wolves of Wall Street were turned loose on the sheep of Main Street, and the sheep got fleeced. Now the sheep are told that it is for their own good to save at their expense the wolves; thus, enabling them to continue. 
  • "Competition made this country great" the capitalist propaganda machine tells us. In truth, capitalists hate competition and are in favor of monopolies. In fact, the capitalist system naturally eliminates the weaker ones and leads to a few who then share a monopoly. Although, the strongest, most competitive, player could put the few remaining ones out of business, this is not happening because unshared monopolies, on account of government intervention, are prohibited by law. It follows that there is now only competition in sales but not price, and the consumer loses.
  • "Record profits are the reward for our entrepreneurial genius and risk taking." However, they forget to mention that it was made possible by favorable legislation und other parts of an unjust social contract.
  • "Heavy losses" in our industry are not our fault because the underlying cause is an inherent inefficiency due to a lack of consolidation. Therefore, the regulators must allow us to merge. This has the consequence of eliminating real  competition toward a shared monopoly.
  • "It is in the national interest that the government bails us out." This is a cry for help from big business that on account of mismanagement face difficulties or bankruptcy. They tell us, "not our fault! The old management made serious mistakes, but they are now all fired. However, we are so large [on account of being shared monopolies] that it is in the national interest that the government, meaning the taxpayers, bails us out." And the old management often leaves with a "golden handshake or golden parachute," meaning they get a multimillion dollar severance packages.
  • "Winner-take-all economics" and "a natural aristocracy" is justified by the definition of "economic man (homo economicus)" as naturally selfishness and devoid of altruism. These attributes are supposed to support the theory that society is better off when everybody pursues selfish goals. In the real world, most people by nature are actually unselfish and charitable depending on circumstances. It is this innate morality that keeps societies functioning.
  • "A rising tide lifts all boats" is meant to convey the idea that if the economy does well, both rich and poor benefit. However, many small boats are solidly anchored to the bottom and thus are condemned to stay there or worse, drown. A few days ago (August 2008), the U.S. President announced "the state of the economy is good, exports and productivity are up." He, who has an MBA from Harvard University, is either ignorant or lying, for it is the exporter who benefits and the owners of the means of production who benefit from productivity gains but not the general economy or public. 
  • "The flat tax is fair and simplifies the tax code."  This is a harmful proposal because under a tax system with a constant tax rate everybody, the economy's winners and losers, pays the same proportion. It follows that for the state to raise the same amount of money under a flat rate tax requires that the rich pay less and the poor pay more than they would under a progressive tax system. In case of a flat tax as a consumption tax, the rich are favored at the expense of the many. For the many spent necessarily all or most of their income on goods they need to survive--hence, all their income is "flat taxed." However, the rich spent only a fraction of their income necessarily--thus, most of their income is exempt from taxation as is their spending on investments.
  • "Income redistribution takes from those who earned it and hands it to those who do not deserve it." This is not true because it is a correction of the unjust distributions of benefits and burdens in a society. Those who disproportionately profit should pay a proportional amount of the expenses that made those profits possible. That is, taxes to run society and just compensation for workers should come out of receipts before profits are declared for otherwise they are not really profits but rip offs.
  • "Rising Wages are the cause of inflation." This is a bold lie for the most part. Because historically, rising prizes for goods are caused by the motive for increased profits. In fact, rising wages come from a fraction of the productivity gains passed on. For instance, in the U.S. productivity has quadrupled since the 1950's. However, real wages--their purchasing power--has only partially increased since and fallen in recent years. This means, in real wages their is a downward trend in large part due to "free trade" and "globalization."
  • "We must defer the retirement age because people live longer." That people live longer is true, but that we must defer retirement is false. The reason being that productivity quadruplet in the last fifty years. Hence, a normally 40 years working life yields now 160 years of work. By contrast, life expectancy increased by only 10 years or so. Yet we are being told that to provide for these additional years we have to delay retirement closer to the end of life. Instead, the facts indicate that the means for voluntary retirement should be made available at a much younger age, e.g., at age 50.
  • "We must reduce the money spent on welfare." Yes, absolutely, however, let us start with those who do not need it but get the lion's share. Being on welfare, as defined by economists, means:  "Anybody, individuals, corporations, institutions, etc., who gets more out of a system than contributes to it is on welfare." By this commonsensical explanation, most of the world's millionaires and larger corporations, but for sure the six hundred billionaires who have as much wealth as the 50% of humanity who are at the bottom are on welfare. Taking back this welfare theft and redistributing it in the form of just wages and job opportunities would substantially reduce or even eliminate need-based welfare.
  • "Unemployment of about 4% is a natural part of the economy." They call it natural unemployment, and it is willfully maintained around 5% so that more workers chase fewer jobs and are at a disadvantage when negotiating wages. Instead, the economy could be organized so that there are many more available jobs than workers to fill them. Hence, the workers could now negotiate just wages instead of being exploited as often is the case. At one time Switzerland had 15% more job vacancies than workers that could fill them. The result was one of the highest wage scale among the industrialized nations.
  • "Social engineering ruins this country." Here, the term "social engineering" is used by those opposing social improvement or progress through government action as a derogatory term for inefficient meddling that left alone would solve social problems. However, they ignore that we have now antisocial engineering for private profit at the expense of the multitude. Hence, social engineering is the antidote to antisocial engineering and it is "the application of methods regarded as similar to engineering techniques in their emphasis on practicality, efficiency, and moral neutrality in an effort to solve a social problem or improve the condition of society."
 
C.                   The Perniciousness of Predatory Capitalism
                          When the wolves are free, the sheep get fleeced.
                                                                     Bill Moyers (b. 1934)
 
Capitalism survives by forcing the majority, whom it exploits, to define their own interests as narrowly as possible. This was once achieved by extensive deprivation. Today in the developed countries it is being achieved by imposing a false standard of what is and what is not desirable.
Peter Berger (b. 1926)
 
The large scale ownership of the means of production [goods and services] by a minority of the population, who consigns the rest to a shorter life expectancy, poorer health, less education, more toil and greater misery, requires considerable more justification than the various philosophical arguments which have been offered for it. And until compelling arguments have been presented which validate property de jure [by right or law], why should anyone be expected to feel morally obliged to comply with the property claims of that minority which, at the expense of the rest, enjoys the benefits of the institution of private property which pervades our society?  And by what right does that minority and its agents coerce others into respecting those claims, when the claims lack adequate justification.
                                                               Alan Brian Carter (b. 1952)
 
Today, the ideology of Neo-liberalism or Neo-conservatism that drives globalization is predatory capitalism on an international scale. In addition to the destructive consequences, as pointed out by Carter above, one finds other detrimental impacts:
  • As the market economy is internationalized, there is an almost proportionate decline in participating nation states' economic sovereignty. Hence, the even democratic governments, supposedly of, for, and by the people, can neither protect their people from unfair competition nor from the loss of their workplace, that is, their livelihood.
  • Increases in productivity, mechanization, automation, and computerization have drastically reduced the need to employ the many. Workplaces, that would be the sources of income or means of livelihood for the majority of the world population, are being "downsized," eliminated, or moved elsewhere. The many who have neither property nor the power of contract to participate in the global market economy are being sacrificed with the consequences as pointed out above by Carter.
  • Without justification, the socially excluded masses, the majority of human beings, are simply left to their fate in the less developed world or are allowed to exist as unfortunate burdens in the more developed world.
Conclusion: The preceding is not a prediction of a future nightmarish scenario. This is an existing, increasing calamity that already effects a majority. At present (2008), some 600 multi-billionaires already have as much wealth as 50% of the world's population who exist at the lower end of the economic scale. With a world population of 6,000 million, this means that each of these wealthy individuals has as much property as 5 million of the poorest.
 
D.                   A New Type of Entrepreneur, the Plutocrat
W.G. Sumner (1840-1910), an American economist and sociologist, assessed the ravages of plutocracy in U.S. society in the late 1880s. He wrote:
A plutocrat is a man who, having the possession of capital, and having the power of it at his disposal, uses it, not industrially, but politically; instead of employing laborers, he enlists lobbyists. Instead of applying capital to land, he operates upon the market by legislation, by artificial monopoly, by legislative privileges; he creates jobs, and erects combinations, which are half political and half industrial; he practices upon the industrial vices, makes an engine of venality, expends his ingenuity, not on processes of production, but on ‘knowledge of men,’ and on the tactics of the lobby. The modern industrial system gives him a magnificent field, one far more profitable, very often, than that of legitimate industry.
E.                    Consumerism as a Form of Social Control
 In his work ONE-DIMENSIONAL MAN, Herbert Marcuse (1898-1979) strongly criticizes consumerism and the illusory practice of political freedom. He claims that political freedom is reduced to a choice between indistinguishable political candidates who engage in inconsequential, technical debates that are overstated to mirror a functional democracy. Consumerism, he infers, is a form of social control because the economic rationality of advanced capitalism is based on falsifying people's real needs in order to maintain a controlling market system of production and consumption.
     Moreover, he finds that the system we live is actually authoritarian rather than democratic because a few individuals are dictating our perceptions of freedom by only allowing us choices to buy for happiness. It is in this state of “unfreedom” in which consumers act irrationally by working more than they are required to fulfill actual basic needs, ignoring the psychologically destructive effects, ignoring the waste and environmental damage it causes, and also by searching for social connection through material items.
     He concludes that the system is even more irrational in the sense that the creation of new products, calling for the disposal of old products, fuels the economy and encourages the increased need to work more to buy more. An individual loses his or her humanity and becomes a tool to the industrial machine and a cog in the consumer machine. Additionally advertising sustains consumerism, which disintegrates societal demeanor, delivered in bulk and informing the masses that happiness can be bought, an idea that is psychologically damaging.
     In sum: The deficiency of consumerism and illusory democracy is destructive to the free development of real human needs and to the full human potential everyone is entitled to.  Individually and jointly, the two deficiencies generate a one-dimensional society producing one-dimensional man.
 
F.                   How Well Does Capitalism Work in the U.S.?
A society, and the functionality of its democracy, may be appraised by how much freedom and well-being its citizens enjoy.
                                                                             This writer
The U.S. appears to be "the world's foremost promoter of globalization." Thus, economic performance in this country should give us an idea of what the world community may at best expect. When comparing more than sixty separate items concerning prosperity, quality of life, opportunity, personal security, and values were compared with other industrialized countries, the U.S. was below average in two-thirds of the cases (forty-three), and was at or near the bottom of the list in more than half (thirty-three). The problem is that in the U.S., negative freedom or rights are guaranteed by the U.S. Constitution, but positive freedom or rights are not, they are at best implied. By contrast, the constitutions of some other industrialized nations, and the global human rights norms of the United Nations have provisions for both kinds of freedom. For an elaboration on the noted conditions in the U.S., see the chapter Evaluating Society, Case in Point: The US.
 
G.                        A Critique of Capitalism by A. Einstein
This essay was originally published under the title "Why Socialism" in the first issue of Monthly Review (May 1949), © 2008 (my emphases).

Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is.

Let us first consider the question from the point of view of scientific knowledge. It might appear that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general acceptability for a circumscribed group of phenomena in order to make the interconnection of these phenomena as clearly understandable as possible. But in reality such methodological differences do exist. The discovery of general laws in the field of economics is made difficult by the circumstance that observed economic phenomena are often affected by many factors which are very hard to evaluate separately. In addition, the experience which has accumulated since the beginning of the so-called civilized period of human history has—as is well known—been largely influenced and limited by causes which are by no means exclusively economic in nature. For example, most of the major states of history owed their existence to conquest. The conquering peoples established themselves, legally and economically, as the privileged class of the conquered country. They seized for themselves a monopoly of the land ownership and appointed a priesthood from among their own ranks. The priests, in control of education, made the class division of society into a permanent institution and created a system of values by which the people were thenceforth, to a large extent unconsciously, guided in their social behavior.

But historic tradition is, so to speak, of yesterday; nowhere have we really overcome what Thorstein Veblen called "the predatory phase" of human development. The observable economic facts belong to that phase and even such laws as we can derive from them are not applicable to other phases. Since the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development, economic science in its present state can throw little light on the socialist society of the future.

Second, socialism is directed towards a social-ethical end. Science, however, cannot create ends and, even less, instill them in human beings; science, at most, can supply the means by which to attain certain ends. But the ends themselves are conceived by personalities with lofty ethical ideals and—if these ends are not stillborn, but vital and vigorous—are adopted and carried forward by those many human beings who, half unconsciously, determine the slow evolution of society.

For these reasons, we should be on our guard not to overestimate science and scientific methods when it is a question of human problems; and we should not assume that experts are the only ones who have a right to express themselves on questions affecting the organization of society.

Innumerable voices have been asserting for some time now that human society is passing through a crisis, that its stability has been gravely shattered. It is characteristic of such a situation that individuals feel indifferent or even hostile toward the group, small or large, to which they belong. In order to illustrate my meaning, let me record here a personal experience. I recently discussed with an intelligent and well-disposed man the threat of another war, which in my opinion would seriously endanger the existence of mankind, and I remarked that only a supra-national organization would offer protection from that danger. Thereupon my visitor, very calmly and coolly, said to me: "Why are you so deeply opposed to the disappearance of the human race?"

I am sure that as little as a century ago no one would have so lightly made a statement of this kind. It is the statement of a man who has striven in vain to attain an equilibrium within himself and has more or less lost hope of succeeding. It is the expression of a painful solitude and isolation from which so many people are suffering in these days. What is the cause? Is there a way out?

It is easy to raise such questions, but difficult to answer them with any degree of assurance. I must try, however, as best I can, although I am very conscious of the fact that our feelings and strivings are often contradictory and obscure and that they cannot be expressed in easy and simple formulas.

Man is, at one and the same time, a solitary being and a social being. As a solitary being, he attempts to protect his own existence and that of those who are closest to him, to satisfy his personal desires, and to develop his innate abilities. As a social being, he seeks to gain the recognition and affection of his fellow human beings, to share in their pleasures, to comfort them in their sorrows, and to improve their conditions of life. Only the existence of these varied, frequently conflicting, strivings accounts for the special character of a man, and their specific combination determines the extent to which an individual can achieve an inner equilibrium and can contribute to the well-being of society. It is quite possible that the relative strength of these two drives is, in the main, fixed by inheritance. But the personality that finally emerges is largely formed by the environment in which a man happens to find himself during his development, by the structure of the society in which he grows up, by the tradition of that society, and by its appraisal of particular types of behavior. The abstract concept "society" means to the individual human being the sum total of his direct and indirect relations to his contemporaries and to all the people of earlier generations. The individual is able to think, feel, strive, and work by himself; but he depends so much upon society—in his physical, intellectual, and emotional existence—that it is impossible to think of him, or to understand him, outside the framework of society. It is "society" which provides man with food, clothing, a home, the tools of work, language, the forms of thought, and most of the content of thought; his life is made possible through the labor and the accomplishments of the many millions past and present who are all hidden behind the small word "society."

It is evident, therefore, that the dependence of the individual upon society is a fact of nature which cannot be abolished—just as in the case of ants and bees. However, while the whole life process of ants and bees is fixed down to the smallest detail by rigid, hereditary instincts, the social pattern and interrelationships of human beings are very variable and susceptible to change. Memory, the capacity to make new combinations, the gift of oral communication have made possible developments among human being which are not dictated by biological necessities. Such developments manifest themselves in traditions, institutions, and organizations; in literature; in scientific and engineering accomplishments; in works of art. This explains how it happens that, in a certain sense, man can influence his life through his own conduct, and that in this process conscious thinking and wanting can play a part.

Man acquires at birth, through heredity, a biological constitution which we must consider fixed and unalterable, including the natural urges which are characteristic of the human species. In addition, during his lifetime, he acquires a cultural constitution which he adopts from society through communication and through many other types of influences. It is this cultural constitution which, with the passage of time, is subject to change and which determines to a very large extent the relationship between the individual and society. Modern anthropology has taught us, through comparative investigation of so-called primitive cultures, that the social behavior of human beings may differ greatly, depending upon prevailing cultural patterns and the types of organization which predominate in society. It is on this that those who are striving to improve the lot of man may ground their hopes: human beings are not condemned, because of their biological constitution, to annihilate each other or to be at the mercy of a cruel, self-inflicted fate.

If we ask ourselves how the structure of society and the cultural attitude of man should be changed in order to make human life as satisfying as possible, we should constantly be conscious of the fact that there are certain conditions which we are unable to modify. As mentioned before, the biological nature of man is, for all practical purposes, not subject to change. Furthermore, technological and demographic developments of the last few centuries have created conditions which are here to stay. In relatively densely settled populations with the goods which are indispensable to their continued existence, an extreme division of labor and a highly-centralized productive apparatus are absolutely necessary. The time—which, looking back, seems so idyllic—is gone forever when individuals or relatively small groups could be completely self-sufficient. It is only a slight exaggeration to say that mankind constitutes even now a planetary community of production and consumption.

I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor—not by force, but on the whole in faithful compliance with legally established rules. In this respect, it is important to realize that the means of production—that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods—may legally be, and for the most part are, the private property of individuals.

For the sake of simplicity, in the discussion that follows I shall call "workers" all those who do not share in the ownership of the means of production—although this does not quite correspond to the customary use of the term. The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is "free," what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.

Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

The situation prevailing in an economy based on the private ownership of capital is thus characterized by two main principles: first, means of production (capital) are privately owned and the owners dispose of them as they see fit; second, the labor contract is free. Of course, there is no such thing as a pure capitalist society in this sense. In particular, it should be noted that the workers, through long and bitter political struggles, have succeeded in securing a somewhat improved form of the "free labor contract" for certain categories of workers. But taken as a whole, the present day economy does not differ much from "pure" capitalism.

Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an "army of unemployed" almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers' goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.

This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.

I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society.

Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralization of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?

Clarity about the aims and problems of socialism is of greatest significance in our age of transition. Since, under present circumstances, free and unhindered discussion of these problems has come under a powerful taboo, I consider the foundation of this magazine to be an important public service.

H.               Can Private Property beyond Need be Justified?
It is the law of property that controls the distribution of wealth in a society; consequently there must be the most intimate relation between that society's economic and social characteristics and the rules, practices, and institutions of property law.
                                                                       J. H. Merryman
This is mine! Are you sure? Be aware that property rights are not a relation between property and and its owner but between owner and other people. For there are no right holders if there are no right respecters. People's survival and justified self-interest does not allow them to grant or respect unrestricted property rights that may be detrimental to their well being.
     But the law protects my property! Are you certain? Realize that the law may be unjust, and like all unjust law, is therefore no law at all. For it is politics that determines "who gets what, how much, when, and how." And unfortunately, politicians often act selfishly and on behalf of the undeservedly wealthy and powerful.
                                                                          This writer
 
 
Introduction
a. Primary Claims for Private Property and Rights
b. Why Claims for Private Property beyond Need Fail
c. Objections to Particular Kinds of Private Property
 
 
Introduction
Property is here defined as material and educational goods that facilitate a standard of living required for the development and maintenance of an authentic life, personal autonomy, mental competence, physical integrity, and social security. Many advocates of strong property rights insist that in an ideal society individuals should be able to enjoy their property without any inference from others. And why it is "their" property, they insist, is justified by the claims below either individually or jointly. 
 
a. Primary Claims for Private Property and Rights
1. The claim from having it earned suggests that one has the right to the produce of one's labor. Examples are: Employees have a right to their wages and salaries. Farmer have a right to harvest what they planted earlier. Manufacturers and service providers have a right to the "earnings" their ventures yield, etc. 
Comment: This is a strong argument provided that all others have the same opportunities to earn likewise. However, the case can be made that the over-employed, those who have the opportunity for above average earnings, do so at the expense of the many under- and unemployed.
 
2. The claim from first occupancy entails the assumption that being the first person to take an object into one's possession or being the first to occupy a plot of land establishes property rights in whatever has been possessed or occupied.
Comment: There is nothing wrong with that claim provided "there is as good and enough left for all others." However, there is not at least since agriculture developed almost everywhere and the world population expands faster than resources become available.
 
3. The claims from utility and efficiency are related. Proponents assert that private property is by far more utilized for the common good and efficient towards that purpose than other ways of distributing resources. One researcher, Alan Ryan, sums up:
In general, the thought is that giving people property rights in anything of value is the best way of ensuring that resources are used as efficiently as  possible. It is an empirical observation that parks are more littered than private gardens, that simple societies without private ownership do more damage to their land than complex, private propertied societies, that centrally planned, publicly owned economies such as that of the [former] Soviet Union are inefficient in giving consumers what they want, and no better than economies based on on private property so far as pollution, public health, job satisfaction and the rest are concerned.
Comments:
  • Ryan's empirical observations are false. There are more private gardens that are not maintained than public parks.
  • And the opposite is true concerning simple societies. For instance, the aboriginals of the Americas and Australia had a deep "religious" reverence for the land and it remained undamaged until it was controlled by "private property societies."
  • Also, public health  as measured by life expectancy has drastically fallen in Russia since it became a private property society.
  • Moreover, unemployment and extreme poverty formerly unknown in Russia is now rampant.
  • Also, Russia's soil and climate limits agricultural yields, and if they would not have been forced into an arms race by the West initiated cold war, they undoubtedly could have produced more consumer goods.
  • Lastly, the failure of Soviet style socialism, perhaps on account of micro-managing the economy and military expenditures, was a tragedy for all of humanity, for it eliminated capitalism's most serious competitor and opened the path to a ruthless globalization where the major players, but not the people, in those countries benefit.
4. The claim from human nature entails a bundle of arguments:
  • The claim that humans are by nature social animals. This is the case because living in communities or societies had survival advantages. And as David Hume (1711-76) tells us, claims to property arise through the necessity of social interaction, which allows people to exist socially. Moreover, Hume insists that we naturally desire to have the pleasure derived from possessions to be as secure as those derived from the mind. This is achieved, he holds, through the institution of private property.  
  • The claim from the development of personality and morality contends that private property is necessary if the individual is to actualize sufficiently his or her potential as an individual. 
  • The claim from liberty holds that an equal redistribution of property would involve unacceptable restrictions on individual freedom for it would take from those who rightfully own to those who have less for various reasons and no justified claims to someone's possessions. This is sometimes called an egalitarian redistribution, but this is wrong because egalitarianism is the belief that all people should have equal political, social, and economic rights, which then somewhat justify unequal outcomes or possessions.
Comment: Humans also have a strong desire for hoarding beyond need or setting up trust funds for their offspring and for millennia to come. Do present generations have to accept that some act on these desires of human nature and at their deprivation?
 
5. The claim from inheritance alleges that if a bequest from a predecessor (usually parents or close relatives) was originally rightfully acquired, then it should become the rightful property of the new owners.
Comment: Parents do have a moral obligation for the well being of their offspring at least until they have acquired the skills or means to make it on their own. However, the children usually have done nothing to inherit large fortunes and at a minimum it should be heavily taxed. Because fundamentally, the Earth belongs to the living, the dead have neither a say in the matter nor property rights.   
 
6. The claim from divine grants. These are assertions found in various world religions. The best known case is that of the Roman Catholic Church. She derives at a divine grant by the following argument:
1. The world is God's property because He created it out of nothing in six days of hard labor. We know this because He (the all-powerful) had to rest on the seventh day. This, and the following is true, because the Bible says so.
2. God's only son Jesus created the office of Bishop of Rome, now the papacy, when in Matthew 16:18 he is saying:
And I say also unto thee, That thou art Peter, and upon this rock [petra] I will build my church; and the gates of hell shall not prevail against it.
3. This is followed immediately by granting exclusive power over everything on earth to this church. In Mathew 16:19 Jesus proclaimed:
And I will give unto thee the keys of the kingdom of heaven: and whatsoever thou shalt bind on earth shall be bound in heaven: and whatsoever thou shalt loose on earth shall be loosed in heaven.
Conclusion: By divine grant, Earth and all it brings forth is administrated by the papacy. The only legitimate property rights and governments are those who have the approval or are granted by the papacy.
Comment: There is no plausible evidence for these claims. The Bible was assembled, modified, and in part written under the coercive influence of the Roman nobility and powerful Roman families who controlled the papacy for many centuries.
 
 
b. Why Claims for Private Property beyond Need Fail
All of the above claims fail, or are at least unconvincing, if the following criteria cannot be overcome:
  • Laws enforcing property rights work best when there is a moderate scarcity of goods, for instance, food. If there is an oversupply, an abundance, then no laws are necessary to regulate how much individuals may acquire. If there is a moderate scarcity, it may be regulated by laws rationing the commodity. However, if there is an extreme scarcity, most people will disregard the law and do whatever it takes to survive. It follows that those who have these goods beyond need are at risk no matter how sophisticated or well justified their claims are. 
  • No matter by what claims private property is acquired, from a moral point of view "there must be as good and enough left for all others."
  • When a scarcity of goods is created by the accumulation of private property beyond need, then this hoarding, no matter by what means, is immoral and illegal if the laws happen to be moral. 
  • In general, justice is served if and only if all get what they deserve. In connection with property, it is the equal opportunity to acquire property and a just reward proportional to the participation in these opportunities.
 
c. Objections to Particular Kinds of Private Property
 
1. Wealth beyond need when others suffer
No matter how acquired, property beyond the needs for a quality life is not a relation between property and its owner but between property owner and other people because there are no property right holders if there are no property right respecters whose justified self-interest may not allow them to agree.
 
2. Parasitical enterprises that would be better operated by the people
These are large businesses that add nothing to a nation's wealth. While farming, manufacturing, mining, and construction do add wealth, these for profit ventures carry out necessary functions that could be more efficiently carried out by the people, that is, their government. Examples are:
  • Banks and other large financial institutions. Banks basically take the people's money, either from individuals or the people's government, and make loans at a higher interest rate then what it costs them. Government operated banks do not need to make a profit, could be administratively more efficient, and could therefore make loans at much lower rates.
  • Insurance companies provide among other things the people's most essential insurance needs such as health, home, accident, and car coverage. For example, the U.S. has one of the most inefficient private health insurance systems in the world. With no national insurance available, about 45 million have no health insurance and face a shortened life expectancy and bankruptcy in case of a serious medical condition. Government operated insurance companies do not need to make a profit, could be administratively more efficient, and could therefore provide coverage at much lower premiums.
  • Utility companies that provide electricity, gas, and water are for the most part monopolies protected from competition. If operated by the people, they would not have to make a profit and would have no incentive to manipulate the markets to create shortages for the purpose of extorting more profit from their customer.
Conclusion: These enterprises need to be democratized, that is, operated and controlled by the people for the benefit of all rather than a few individuals.
 
3. Extreme wealth on account of its pernicious use
A society cannot allow extreme wealth to accumulate in a few hands for at least three reasons:
First, wealth is readily convertible to influence and with it power that then threatens democracy. And a reduced democratic way of life reduces everyone’s freedom, independence, and self-government. For example, the affluent do finance campaigns for legislators who see things often in their benefactor's narrow self-interest.
Second, the very affluent do purchase large, controlling  junks of the mass media that then creates a reality of their making while keeping the social truth from the public.
Third, a concentration of wealth in a few hands deprives the many of opportunities that would allow them to work their way up to a standard of living that is closer to what the average would be. This is crucial, because due to a lack of opportunity, the underprivileged already live at the threshold of what is emotionally bearable. As Robert E. Franken, a motivational psychologist, points out:
 [these people] are losing two very important attributes for good [mental] health, [namely,] seeing the world less threatening and believing in one’s capacity to cope.
The same author elaborates:
If people grew up with the idea that they live in a world filled with opportunities and that they have the potential for interacting or coping successfully with the world, they would naturally act constructively in their interactions with the world. If, on the other hand, they grow up with the belief that there is a scarcity of opportunities and that they are lacking in potential to deal or cope with the world, they would be inclined to think more destructively in their interactions with the world.
 
Conclusion: Extreme wealth should not be permissible because it is a threat to democracy and detrimental to the general public because they lose the benefits a genuine rule of, for, and by the people has to offer.
 
 
4. Large privately owned enterprises on which the well being of the many depends.
           Justice being taken away, fabulous riches are nothing but great robberies.
 
Multinational corporations and other large ones that have a monopoly or shared monopolies present dangers similar to those attributed to "Extreme Wealth" above. In addition, they deprive their employees of participation in decision making processes that affects their livelihood. In recent history, through the process known as globalization, they have pinned workers of different countries against each other but reduced competition for themselves.
     While it is true that we are all better off when everybody produces what they are doing best--being most competitive in--and then trade, however, this is a ruse when the trade takes place not between the people of a nation but between individuals, e.g., corporations in those nations who actually do the trading and reap the benefits.
     Conclusion: Large enterprises under private control should not be permitted because they are a threat to democracy and therefore detrimental to the general public.
  • If "a board of directors" can hire and fire managers to run these ventures, so can "a board of people" consisting of relevant experts in the field.
  • And the people's managers would be patriotically motivated because they work for their country rather than private creed.
  • Moreover, the many instead of the few would benefit from increases in productivity and inventions.
  • And as important, these businesses could offer goods and services at reduced prices because they do not have to make a profit.
I.                   Views on Property from Antiquity to Modernity
When wealth is centralized the people are dispersed.
When wealth is distributed the people are brought together
                                                     Confucius (ca. 551-479)
a. Plato (427? -347? BCE)
b. The Christian Church Fathers--3rd-5th Century
c. Today's Christianity on Property Relations
d. Thomas Jefferson (1743-1826)
e. Leo Tolstoy (1828-1910)
f. J. P. Morgan (1837-1913)
g. George Bernard Shaw (1856-1950)
h. Smedley D. Butler (1881-1940)
i. Noam Chomsky (b. 1928)
 
 
a. Plato (427? -347? BCE)
1. On Plutocracy, Government by the Wealthy
Plato, who often uses his teacher Socrates as a mouthpiece, suggests that in a plutocracy there will always be friction between the rich class and the poor class. But worst of all, Socrates thinks, many citizens will have no proper function. Many of the rich, for example, will simply spend money in the pursuit of pleasure and carry out no constructive service for the community. In addition, many of the poor will become either beggars or criminals. Socrates defines plutocracy as a system where:
  • The constitution [is] based on a property assessment, in which the rich rule, and the poor man has no share in ruling.
  • It comes about, or evolves from other systems, when the rulers raid the community’s treasure and "find ways of spending money for themselves, then they stretch the laws relating to this, then they and their wives disobey the law altogether.
  • But it does not end here, for "From here they proceed further into money-making, and the more they value it, the less they value virtue." And he asks; "aren’t virtue and wealth so opposed that if they were set on a scales, they’d always incline in opposite directions?"
  • The result is that others will emulate them, for "what is valued is practiced, and what isn’t valued is neglected. Then, in the end, . . . they praise and admire wealthy people and appoint them as rulers, while they dishonor poor ones."
2. On the Impossibility of Being Exceedingly Good and Wealthy
A concentration of wealth in the hands of a few is not only bad for society as a whole, but, Plato suggests in the Laws, it is also detrimental to the holder of such a fortune. He explains:
But to be at once exceedingly wealthy and good is impossible, if we mean by the wealthy those who are accounted so by the vulgar, that is, the exceptionally few who own property of great pecuniary [financial] value --- the very thing a bad man would be likely to own. Now since this is so, I can never concede to them that a rich man is truly happy unless he is also a good man, but that one who is exceptionally good should be exceptionally wealthy too is a mere impossibility (trans. A. E .Taylor).
 
 
b. The Christian Church Fathers--3rd-5th Century
 
Luke in the Bible:
Sell your possessions and give to charity; make yourselves money belts which do not wear out, an unfailing treasure in heaven, where no thief comes near nor moth destroys (Luke 12:33 New American Standard Bible (©1995).
 
For it is easier for a camel to go through a needle's eye, than for a rich man to enter into the kingdom of God (Luke 18:25).
 
And he lifted up his eyes on his disciples, and said, Blessed [you who are] poor: for yours is the kingdom of God. (Luke 6:20)
 
Give to every man that asketh of thee; and of him that taketh away thy goods ask [them] not again [make no attempt to get it back] (Luke 6:30).
 
The term "church fathers" may refer to any of the great bishops and other eminent Christian teachers of the early centuries whose writings remained as a guide and court of appeal for their successors, especially in reference to disputed points of faith or practice.
     If we consider the many problems concerning private property, it is no surprise that the Church Fathers differ in their opinions among themselves and emphasize diverse aspects. Hence, we cannot speak of a common Church doctrine. Nevertheless, and ignoring some fine distinction, they do agree on a from the Gospel extracted grounding. The researcher Benn summarizes it this way:
According to the Church Fathers, property was both the consequence and the social remedy for the sin of covetousness that came with the fall. But since owners have appropriated what at one time belonged to all, they have a duty to administer it for the benefit of all. ‘Our property,’ said Gregory the Great, ‘is ours to distribute, but not ours to keep.’ The concept of the owner as steward is the core of the traditional Christian view of property (my emphasis).
Covetousness, then, the strong or inordinate desire of obtaining and possessing that which belongs to another, is for the Church Fathers a cardinal sin and the cause of much evil.
Again and again, as the researcher Künzli (1919-2008) tells us, "the Church Fathers condemn those who though they already have plenty, want more and more. The Fathers call upon humanity to ban or exile this insatiable passion." And one of them, Gregory Thaumaturgus (ca. 213-270), even argues:
that there is something dreadful about covetousness . . . whoever is guilty of this sin, should be banished from the Church.
 
It follows as Künzli deduces, "excommunication not of communists but capitalists."
 
And Basil the Great (330?-379) asserts, they are possessed by the "gold devil," for the insane ideas of these lunatics prevent them from seeing as things are; instead, they see only gold and silver. Basil the Great, who came from a wealthy family and founded an order of monks, already indicated in a sermon, one and a half millennia before Marx, a theory of product fetishism:
You see only gold, you think only gold; . . . You rather see gold than the sun. You want everything to turn into gold. . . Grain turns for you into gold, the wine condenses for you into gold, the wool changes for you into gold; every deal, every enterprise generates more gold for you. The gold finally increases by itself when you collect interest. But still, you will never be satisfied, and your greediness finds no [end] goal.
And Augustine of Hippo (354-430), the most important and influential of all the Church Fathers, who expounded a Christian philosophy that sought to combine faith and reason, tells us that covetousness "is the root of all evil," and whoever is seduced by this vice is in the devil’s snare.
 
c.                   Today's Christianity on Property Relations
                       Unlimited Wealth for the Few and Handouts for the Many
But how can it be explained that, in spite of the categorical and universal condemnation of covetousness or greed by the Christian church to this day, we do have a system of the most extreme capitalism in the USA, and a country that wants to impose its economic ideology on the rest of the world? Moreover, the USA is next to India the most religious, of the Christian kind, nation on earth. Some even claim that the country was founded on Christian principles!
     And in the USA, this belief system is not only that of the masses but also that of the country's economically and politically dominant class. Do they not read their sacred scriptures or listen to their preachers? Or does the clergy speak with a forked tongue? That is, having different messages for those who have and those who don’t. Is it, as Marx tells us, that they even provide a justification for existing inequalities and injustices?
     The philosopher Arnold Künzli in his Mein und Dein (Mine and Thine) analyzes the Christian church’s position with respect to covetousness. That is, he finds that the contemporary church holds a position already found in the early Church Fathers:
  • They do not think in terms of social-political or social-economic categories, but rather in religious-social-ethical ones.
  • They do not wish to change the system or structure of society but the humans that make up this society.
  • Hence, when they denounce wealth as injustice or the work of the devil, they do not mean to condemn wealth as material possessions, but rather people’s behavior in relation to it.
  • Thus, for the most part, the Church Fathers are not social revolutionaries -- they do not demand the elimination of the institution of excess private property. Instead, they appeal to the owners to put their wealth to good social utility.
  • Hence, for them, wealth by itself is value neutral, that is, it is neither good nor bad. And wealth becomes bad only in connection with human greed.
  • Moreover, from the Church’s point of view, legitimately acquired wealth is a necessary precondition for almsgiving, and almsgiving in turn is another justification for wealth.
     And coming back to the Biblical command found in Luke that on should sell all of one’s property and give the proceeds to the poor (Luke 12:33)? Well, the Church’s position is probably best explained by the Bishop of Ruspe:
Considering human frailty on account of imperfection due to the original fall, the command to rid oneself of all possessions is possible only for the exceptional, the most or almost perfectly virtues. All others can still live according to the scriptures, for added to the command is the demand "to give alms."
However, one can give alms only when one has wealth; hence, giving alms yields a good second place, and in this case all of the rich seem to be contend with it. For the affluent it is like giving crumbs away but keeping the cake intact. They can enjoy the power and luxuries that comes with wealth here on earth and still go to heaven --- they can expect the best of both worlds.
     And Künzli concludes: Since perfect virtue is not possible on account of the original fall from grace, the above interpretation serves the Church Fathers as a perfect ideology to legitimize any existing social order. And in our time, the Catholic church has even elevated wealth to sacredness or holiness. The Catholic Bishops of America have declared:
In union with the Holy See, we hold that ‘our first and most fundamental principle, when we undertake to alleviate the condition of the masses, must be the inviolability of private property’. Statement, Crisis of Christianity, N. Y. Times, November18, 1941.
 
d. Thomas Jefferson (1743-1826)  Author of the Declaration of Independence,
                                                         3d President of the U.S.

I set out on this ground, which I suppose to be self-evident, that the earth belongs in usufruct* to the living: that the dead have neither powers nor rights over it. The portion occupied by any individual ceases to be his when himself ceases to be, and reverts to the society. If the society has formed no rules for the appropriation of its lands in severality [held or owned by separate and individual right], it will be taken by the first occupants, and these will generally be the wife and children of the decedent.  If they have formed rules of appropriation, those rules may give it to the wife and children, or to some one of them, or to the legatee of the deceased.  So they may give it to its creditor. But the child, the legatee or creditor, takes it, not by natural right, but by a law of the society of which he is a member, and to which he is subject. Then, no man can, by natural right, oblige the lands he occupied, or the persons who succeed him in that occupation, to the payment of debts contracted by him. For if he could, he might during his own life, eat up the usufruct of the lands for several generations to come; and then the lands would belong to the dead, and not to the living, which is the reverse of our principle.

*Rom. Law, Civil Law, the right of using and enjoying all the advantages and profits of the property of another without altering or damaging the substance. Or the right of enjoying all the advantages derivable from the use of something that belongs to another, as far as is compatible with the substance of the thing not being destroyed or injured.

 
e. Leo Tolstoy (1828-1910)
     On the Exploitation of Labor by Means of Property
Formerly, other men’s labor was used simply by violence, by slavery, in our time it is being done by means of property. In our time property is the root of all evil and of the suffering of men who posses it, or are without it, and of all the remorse of conscience of those who misuse it, and of the danger of collision between those who have and those who have it not. . . . property is the root of all evil; and now all the world is busy with the distribution and protection of wealth.

 

f. J. P. Morgan (1837-1913) U.S. financier
     On How Dividing the People Allows Capitalism to Govern the World 
Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.
                                                     
g. George Bernard Shaw (1856-1950)
     On the Effective power of Capitalism and Trust in Government
Capitalism has destroyed our belief in any effective power but that of self interest backed by force.
                                       
You have to choose (as a voter) between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.
 
h. Smedley D. Butler* (1881-1940) Major General in the U.S. Marine Corps
     On Fighting for the Benefit of the Few
I wouldn't go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
 
War is just a racket. A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.
 
 
I believe in adequate defense at the coastline and nothing else. If a nation comes over here to fight, then we'll fight. The trouble with America is that when the dollar only earns 6 percent over here, then it gets restless and goes overseas to get 100 percent. Then the flag follows the dollar and the soldiers follow the flag.
*Butler was at the time of his death the most decorated Marine in U.S. history.
 
i. Noam Chomsky (born 1928) U.S. linguist, educator, and political analyst
    On Extending Democratic Control to Include Capitalism
Personally, I'm in favor of democracy, which means that the central institutions of society have to be under popular control. Now, under capitalism, we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control. Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level--there's little bargaining, a little give and take, but the line of authority is perfectly straightforward. Just as I'm opposed to political fascism, I'm opposed to economic fascism. I think that until the major institutions of society are under the popular control of participants and communities, it's pointless to talk about democracy.
 
J.               Property and Full Property Ownership Defined
property [legal, not necessarily a moral definition] ". . . that which belongs exclusively to one. In the strict legal sense, an aggregate of rights which are guaranteed and protected by the government. [And in the case of] Private property, as protected from being taken for public uses, is such property as belongs absolutely to an individual, and of which he has the exclusive right of disposition" (Black’s Law Dictionary, sixth edition).
 
Full liberal, but not necessarily moral ownership, defined and as often claimed by conservatives. What is usually attacked or defended is A. M. A. Honorè’s well-known bundle of rights stated below with some explanatory remarks by John Christman:

(1) the right to posses (the right of exclusive physical control that the nature of the thing admits, coupled with a claim right to non-interference);

(2) the right to use (a claim-right to exclusive use of the thing implying a general duty on the part of all others not to use the thing without the owner’s permission);

(3) the right to manage (a cluster of powers to contract with others concerning control over various uses of the thing);

(4) the right to the income of the thing (the right to increased benefit from the ownership, where this benefit is derived from others’ goods given in trade; this right ranges over the increased income or material accrued from a holding by virtue of the productive use of that holding, including, most centrally, trades);

(5) the right to the capital (the power to make valid disposition of the thing owned as well as the power to transfer title---this element can be separated into the rights of alienation, consumption, and modification);

(6) the right to security (an immunity against uncompensated expropriation by the state);

 (7,8) the rights or incidence of transmissibility and absence of term (concern the "duration" of the owner’s interest in the thing owned; and where transmissibility refers to the determination of ownership after the death of the present owner; while absence of term describes the temporally indeterminate interest during an owner’s lifetime);

(9)* the prohibition of harmful use (e.g., I may not use my car to hit someone.)

(10)** liability to execution (e.g., property may be taken away for debt)

(11) the incident of residuarity (a structural necessity of the legal system that protects ownership, not an element of ownership itself)

*(9) is controversial, because harmful use of anything is prohibited without reference to ownership; however, it makes clear that ownership does not include the right for harmful use.

**(10) holds the owner liable for injuries caused by his property even in the absence of intend, for example, if a slate dislodges off the roof and injures someone.

K.                      Rights and Property Rights Defined
rights [legal, not necessarily a moral definition]-- "In the abstract and moral sphere, rights are defined generally as "powers of free action." And the primal rights pertaining to men are enjoyed by human beings purely as such, being grounded in personality, and existing antecedently to their recognition by positive law. However, a right as a noun and taken in a concrete sense, designates power, privilege, faculty, or demand, inherent in one person and incident upon another" (Black’s Law Dictionary, sixth edition).
 
Ten elements of a concrete right to justify property rights adequately.
Lawrence C. Becker catalogs these elements in the root idea of a concrete right for which one would need compelling reasons in order that if there is a right, then there must be:
  1. a right holder. If the right is to be of any value, there must be those who respect the right---
  2. right-regarders. Both need to be ascertained. It is also necessary to establish what
  3. the relation between right-holders and right-regarders in general is. One needs to be clear about
  4. what it is that the right-holder is ‘owed’. Furthermore, as a right may not in all circumstances be binding or in force,
  5. the conditions under which the right holds needs to be specified. One also requires to know
  6. what would involve the violation of the right. One would need to be able to answer the question:
  7. when is it excusable for the right to be violated? And any inexcusable violation of the right requires the situation to be remedied. Not only would one have to know or to things not spiritual
  8. what the appropriate remedies should be, one also has to know
  9. what are acceptable methods for exacting such remedies---and who it is
  10. who can justifiably exact them.
L. Indebtedness to Arnold Künzli
Particularly for this chapter, this writer owes much to the literature of Arnold Künzli (1919-2008). He was a Swiss political scientist, philosopher and radical democrat who incorporated deep psychological insights into his works. Künzli asserts that the inalienable human rights as proclaimed by the French Revolution--liberty, equality, and fraternity--have only been half implemented because the principles and systems concerning property and the economy have not been included. Künzli declared:
The demand for a democratic economy with economic human rights and citizen rights is a cultural task for the world community.