Locke’s Notions about Property Development
Capitalism demands that man should put all the available resources into maximum productive use. One of these resources is land, which is limited in availability. As such, man has put land into good use by developing property to generate income and provide shelter to fellow mankind. This comes with opposing views that excessive use of this resource may lead to depletion as well as non-productive overutilization. Conversely, Locke (2002) asserts that leaving too much freedom to man to exploit resources results into “resource underdevelopment” and “holdouts” which can be argued to be true. Resource underdevelopment leads to starvation of mankind amidst plenty of resources availed by God.
In his theory, …show more content…
This is evident as Locke argues about appropriation of property before it goes to waste, in addition to the ability of one to appropriate property through their own labor. This is coupled by the ability of a person to sufficiency restriction of property. However, Locke’s spoilage restrictions are exceeded by time, especially with the use of money as a measure and store of value. Moreover, the creation of private property leads to an increase in productivity to levels that enable individuals with no means to acquire land attain the opportunity to life necessities thereby transcending sufficiency …show more content…
Therefore, Locke seems to endorse property owners as the voting members of the society as it is seen to be divided into distinct social classes. However, Tully (1982) points out that Locke is advocating for the duty of charity to people with limited subsistence means and this compels to less fortunate in the society to work for low wages. Further, by mixing labor with that which is not owned, it becomes their property. It is through creation only that an absolute property right can be generated. As land scarcity increases, the rights previously acquired by labor become unavailable to other people thereby occasioning an instance of legitimizing of property by the creation of the political
Capitalism demands that man should put all the available resources into maximum productive use. One of these resources is land, which is limited in availability. As such, man has put land into good use by developing property to generate income and provide shelter to fellow mankind. This comes with opposing views that excessive use of this resource may lead to depletion as well as non-productive overutilization. Conversely, Locke (2002) asserts that leaving too much freedom to man to exploit resources results into “resource underdevelopment” and “holdouts” which can be argued to be true. Resource underdevelopment leads to starvation of mankind amidst plenty of resources availed by God.
In his theory, …show more content…
This is evident as Locke argues about appropriation of property before it goes to waste, in addition to the ability of one to appropriate property through their own labor. This is coupled by the ability of a person to sufficiency restriction of property. However, Locke’s spoilage restrictions are exceeded by time, especially with the use of money as a measure and store of value. Moreover, the creation of private property leads to an increase in productivity to levels that enable individuals with no means to acquire land attain the opportunity to life necessities thereby transcending sufficiency …show more content…
Therefore, Locke seems to endorse property owners as the voting members of the society as it is seen to be divided into distinct social classes. However, Tully (1982) points out that Locke is advocating for the duty of charity to people with limited subsistence means and this compels to less fortunate in the society to work for low wages. Further, by mixing labor with that which is not owned, it becomes their property. It is through creation only that an absolute property right can be generated. As land scarcity increases, the rights previously acquired by labor become unavailable to other people thereby occasioning an instance of legitimizing of property by the creation of the political