The general belief is that public property is owned by the people. This belief isn’t only uncritical but also uneconomical. If you think that the belief is still economical or rational then how do you define “people” and their “public” ownership of the property? Also, what percentage do the “people” respectively own “public” property? How much is it unfair to share in the whole ownership structure?
These questions cannot be conclusively answered because public property isn’t embodied with the rational calculation of prices, incentives, liberty and ownership. If you’re not an “economist” (government’s bootlicker), you would surely gibe at my assertions.
Public property is a contradiction in terms. There’s nothing called “public”, first of all. What you see around is rational individuals who are driven by the principle of self-interest. You, as an individual, are also driven by your self interest axiom, to read this blog. No one is compelling you. Even if you’re forced to read this blog, you’re still driven by your self-interest policy to obey the command. This proves that there’s nothing called “collective interest” because groups cannot think or reason.
Only individuals can.
Since public property is a generalization, it is to be commonly understood that individuals own the property because ownership gives the individuals a sense of freedom and rights.
Since public property possesses a “common” title, its’ users don’t have rational incentives to take care of it. That’s why public property ends up getting mismanaged or crooked.
What would you prefer to take care of, your private property or collective property? The former gives you the right and freedom to nurture it because private property’s nature is dependent upon your responsibility, whereas the latter does not have any incentive to look after it.
To make the case easier, would you prefer a private swimming pool or a public pool?
Of course, you would dislike the quality of a public pool because you don’t own it to nurture it. This doesn’t mean that we need more government interventionism or supervision. We need more private property rights so that the government (“owner” of public property) does not resort to infringe your personal property or possession. Continue reading “Contradiction 101: “Public Property””