3min chapter

Political Theory 101 cover image

Rawls, Hayek, and Liberalism's Relationship with the Market

Political Theory 101

CHAPTER

The Harms of Public Ownership of Property

It's ironic that I thought that it was a private ownership of property that was uniquely conducive towards spontaneity. And due to this technological change, this stuff is now possible and doesn't simply involve what people usually associate with public ownership - lots of bureaucracy. So in many ways, it streamlines it because you have all of these duplications of bureaucracy,. Every service, every streaming service, every social network has its own independent duplicate bureaucracy which adds more cost... It just creates immense amounts of waste. We're denying a lot of people the opportunity to create new stuff through this system. A situation for creators is getting worse all the time.

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