The issue of private property and the rights it confers remain
almost undiscussed in critiques of globalization and free market
economics. Yet property lies at the heart of an economic system
geared to profit maximization. The authors describe the
historically specific and self-consciously explicit manner in which
it emerged. They trace this history from earliest historical times
and show how, in the hands of Thomas Hobbes and John Locke in
particular, the notion of private property took on its absolutist
nature and most extreme form--a form which neoliberal economics is
now imposing on humanity worldwide through the pressures of
globalization. They argue that avoiding the destruction of people's
ways of living and of nature requires reshaping our notions of
private property. It also examines the practical ways for social
and ecumenical movements to press for alternatives.
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