[Mbcbg-mbdi] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/


In his classic text, "The Common Law", Oliver Wendell Holmes describes
property as having two fundamental aspects. The first is possession, which
can be defined as control over a resource based on the practical inability
of another to contradict the ends of the possessor. The second is title,
which is the expectation that others will recognize rights to control
resource, even when it is not in possession. He elaborates the differences
between these two concepts, and proposes a history of how they came to be
attached to individuals, as opposed to families or entities such as the
church.

According to Adam Smith, the expectation of profit from "improving one's
stock of capital" rests on private property rights, and the belief that
property rights encourage the property holders to develop the property,
generate wealth, and efficiently allocate resources based on the operation
of the market is central to capitalism. From this evolved the modern
conception of property as a right which is enforced by positive law, in the
expectation that this would produce more wealth and better standards of
living.

   - Classical liberals, libertarians, and related traditions

 "Just as man can't exist without his body, so no rights can exist without
the right to translate one's rights into reality, to think, to work and keep
the results, which means: the right of property." (Ayn Rand, *Atlas Shrugged
*) Most thinkers from these traditions subscribe to the labor theory of
property. They hold that you own your own life, and it follows that you must
own the products of that life, and that those products can be traded in free
exchange with others. "Every man has a property in his own person. This
nobody has a right to, but himself." (John Locke, *Second Treatise on Civil
Government*)  "Life, liberty, and property do not exist because men have
made laws. On the contrary, it was the fact that life, liberty, and property
existed beforehand that caused men to make laws in the first place."
(Frédéric Bastiat, *The Law*)  "The reason why men enter into society is the
preservation of their property." (John Locke, *Second Treatise on Civil
Government*)
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