Wednesday, October 03, 2018

Aristotle’s Defense of Private Property: 4 Reasons Communal Property Is Inferior

From FEE.org:

In "The Communist Manifesto," Karl Marx aptly summarized the implications of a communist society, stating that “the theory of the Communists may be summed up in the single sentence: Abolition of private property.” As an institution, private property has been a crucial factor in the flourishing of Western society and its political thought. However, its defense rarely extends beyond a calculation of its economic benefits. Many defenders of private property simply state that there is no viable alternative system and that private property is simply the best option of a bad bunch. This argument, with its pessimistic tone, hardly inspires much love for the concept of private ownership.

Thankfully, there have been numerous thinkers throughout history who have robustly defended and justified the institution of private property. Such figures are Cicero of Ancient Rome, Thomas Aquinas of medieval Europe, and John Locke of the early modern period.

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On the subject of private ownership, Aristotle believed that external goods such as property and wealth could help people live a virtuous life. Unlike the more austere Plato, who recommended strict limits on wealth, Aristotle argued that “happiness also requires external goods in addition, as we said; for it is impossible, or at least not easy, to play a noble part unless furnished with the necessary equipment.” With this view in mind, Aristotle adopted a positive stance toward private ownership.

Aristotle’s arguments on the justification of private property are necessary to examine, as they have shaped the debate on property throughout history. In his seminal work Politics, Aristotle argued against communal ownership of property by demonstrating the superiority of private property in four core areas: efficiency, unity, justice, and virtue.

Efficiency

First, Aristotle argued that private ownership is simply more efficient than communal ownership. The latter increases the likelihood of neglect; since people are sharing something, everyone is more likely to assume that someone else is taking care of the situation, instead of taking responsibility themselves.

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Unity

Critics of private property tend to demean property as atomistic, claiming that its adoption creates a society of “rugged individualists” who refuse to cooperate with one another. Aristotle sharply disagreed with this view, arguing instead that private property in fact fostered unity, while communally owned property bred constant strife and discord. On the subject of communal ownership, he writes that “in general, living together and sharing in common in all human matters is difficult, and most of all these sorts of things.”

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Justice

In his Nicomachean Ethics, Aristotle asserts that justice is defined by equals getting equal rewards and unequals getting unequal rewards. When this view is applied to the notion of communally owned property, an issue arises. “For if people are not equal, they will not possess equal things, but from this comes fights and accusations… For everyone agrees that the just in distributions must be according to some worth; the worth however, everyone does not call the same thing.”

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Virtue

Aristotle believed that using one’s property to aid friends was a great practice; “doing favors and helping friends, guests or mates is most pleasant, and this only happens when property is private.” In his opinion, generosity and charity can only exist in a society which upholds private property. If everyone communally owns everything then no one can aid one another. Aristotle writes of “generosity concerning possessions, for no one will be known to be generous or do generous actions, since the work of generosity is in the use of one’s possessions.” [read more]

Aristotle was Ayn Rand’s favorite philosopher. I now understand why. Ayn Rand believed in private property and so did Aristotle. So, it makes sense why she considered him a favorite of hers.

Here’s an article on private property:

Which Countries Have the Best Record in Protecting Property Rights?

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