5min chapter

The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

CHAPTER

Is Intellectual Property a Good Thing?

The word property is more than the relationship between an owner and the thing. The thing is not itself property. You have a property right in the thing. If you own a resource, what that means isyu you're the exclusive controller of it. That's what consent is all about. So contract is dependent upon the concept of property and aggression. Because you don't know if an act is aggression unless you know who owns what. And likewise, socialism or capitalism either interfere with or respect property rights.

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