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will.stedden > bonkerfield

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9/27/2022 05:03:00 PM

So I've seen that analogy before and it makes intuitive sense if that were the whole story. But capital accumulation doesn't refer to the existence of the fishing pole, it refers to you owning the fishing pole specifically. The major problem with this is assuming that fishing pole as the final manifestation of capital accumulation. In a most realistic story, capital accumulation eventually allows you to buy the pond and the patent on fishing poles and charge rent for others to use the only food source in your village. It's actually net detrimental to the common good and even to individual liberty, but over-simplified stories sidestep the real-world ramifications of capitalism. Again, I'm not asking for over-simplified analogies. I'm asking for some proof that establishing private property rights and abolishing the commons was net beneficial to the median human.