Walk-Ins Welcome with Bridget Phetasy cover image

E242. Carol Roth - You Will Own Nothing

Walk-Ins Welcome with Bridget Phetasy

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The Importance of Property Rights in Capitalism

The idea of this sort of protection of property rights and the technology that allowed for trade really came from England. They were the first ones to kind of recognize, okay, you can have property if you're not just the most elite king. So now you and I could trade and gain wealth instead of just hoping that we were born into the right family. It used to be part of the aristocrats and it would transmit down through inheritance.

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