Ownership – BYOB
Over the millennia and across cultures, notions regarding what constitutes “property” and how it is treated culturally have varied widely. Ownership is the basis for many other concepts that form the foundations of ancient and modern societies such as money, trade, debt, bankruptcy, the criminality of theft, and private vs. public property. Ownership is the key building block in the development of a socio-economic system. Adam Smith stated that one of the sacred laws of justice was to guard a person’s property and possessions.
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