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1 janvier 2015
- handle: 10670/1.frlcur
info:eu-repo/semantics/openAccess
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Ownership of property Right of private ownership of property Private property, Right of Right of property--Law and legislation Right of private property Private ownership of property, Right of Right to property Property, Right of Property rightsCiter ce document
Eric Fabri, « Legitimating Property Rights in a Property-Owning Democracy: Labour, Efficiency and Liberty », Revista Diacrítica, ID : 10670/1.frlcur
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This article examines the institutions of private property in a Property-Owning Democracy (POD). It aims at determining in which system, POD or Welfare State Capitalism (WSC), the requirements of the arguments justifying private property rights are better satisfied. It had been classically argued that private property rights are legitimate (a) because the worker has a (natural) right on the fruits of his labour (the labour justification), (b) because securing private property rights implements a structure of economic incentives that ultimately benefits all individuals in the society (the efficiency justification), and (c) because private property promotes individual autonomy (the liberty justification). In the different sections of this article, I briefly sketch the logic of each argument and examine how it is satisfied or not in a POD in comparison to WSC. My conclusion is that on many aspects, a POD better fulfills the requirements of those three arguments than does WSC.