How the Corruption of Money Corrupts Everything with Robert Breedlove (WiM415)
The "What is Money?" Show
The Impact of Theft and Coercion on Human Productivity
The abolition of private property is seen as the wrong approach to addressing productivity issues. What is needed is the perfection of private property to encourage individuals to benefit fully from the products of their labor. Theft and coercion not only result in a direct decrement to human productivity by taking away time from production, but they also disincentivize producers from working to their full potential. When individuals keep only a portion of what they earn, they are less motivated to work hard and may prioritize leisure over productivity. Ultimately, undermining private property and productivity leads to decreased human productivity and intrinsic motivation, demonstrating that the opposite, capitalism, fosters greater productivity.
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