Marxist Theory Vs. Private Property Essay

1697 Words Dec 16th, 2016 7 Pages
Excluding the rich, who pass down their property and wealth from generation to generation, the vast majority of us works hard to own property someday. Part of the American dream is, indeed, buying a house for the family. So, if owning property—in any form—is almost everyone’s objective in society, it is safe to assume, as Radin’s theory suggests, that there is a correlation between personhood and property. Following this logic, wouldn’t individuals want strong laws that protect what they have worked for their whole lives? In order to have a fruitful discussion, we must first establish that defining and enforcing strong private property rights is essential to maintain a functional democracy and a Pareto efficient economy. Marxist theory argues that capitalism and private property creates two very distinctive social classes: the owners and the workers. It is true that one of the biggest problems with a property-owning democracy is the uneven allocation of resources that leads to concentration of capital and wealth among one small group in society. Rousseau, who believes that property is the catalyst for all social evils such as inequality and corruption, subscribes to this idea. But if we look past the inequality problem—which has always existed in every world civilization—we will find that, unlike Engels suggests in his introduction to the re-publication of Marx’s book The Class Struggles in France, workers in the 1848 Europe, meaning the vast majority of people, did not…

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