4min chapter

The "What is Money?" Show cover image

The Psychology of Property | The Stephan Kinsella Series | Episode 4 (WiM235)

The "What is Money?" Show

CHAPTER

The Effects of Socialization of Means of Production

There is a relative drop in the rate of investment, the rate of capital formation. There will be less original appropriation of natural resources whose scarcity is realized. And then I guess conversely and somewhat paradoxically, there are really dire social consequences when we move from private ownership to social ownership.

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