Stealing from the Poor to Give to the Rich: An Anti-Robin Hood Story

Have you ever thought much about property rights? Many believe ownership protections primarily favor the wealthy, but it turns out that the wealthy and politically connected actually benefit more when ownership is vulnerable. Without strong property rights, those with the power are able to take property from those who lack such political connections. In places like Zimbabwe—where the government is able to confiscate profits, merchandise, and even businesses with ease—the lack of property protections has been one cause of the country’s decline. Today, Zimbabwe is the poorest country in the world, and eroded property rights are at least partially to blame. Prof. Dan Russell argues that “doing less to protect ownership turns out to be a really effective way to create poverty.” Perhaps property rights deserve protecting. Except, maybe, among Finnish race car drivers.

19 Comments

  1. KaseyKesha

    Dude….

  2. Anonymous

    Mind. Blown. 

  3. jghuta

    wow. many knowledge.

  4. Greg Gauthier

    This, and the self-ownership video, are the two best on the site. 

    I just wish Libertarians would apply the principle of non-aggression consistently. If they did, the state itself would up and vanish like a fart in the wind.
  5. Andrei-Claudiu Roibu

    This is the best example why, private property and the free market are saint, in the sens that they are the highway for people to get better of, and actually prevent big corrupt officials abusing their power. 

  6. Anonymous

    Actually, this seems to be an argument as to why Robin Hood’s tactics don’t work as official policy.

    In my opinion, people’s property rights should be protected, but not so much that they overly infringe on the rights of others or the needs of the community.  People should have the right to ownership, but not monopoly.  Inequality should be addressed, but carefully.  Reasonable taxes (and we all have a different idea of what "reasonable" is)  work better than just taking wealth arbitrarily and redistributing it, as we have seen in this video.  A "living" minimum wage works better than insisting that everyone get the same salary, no matter how much they work.

    Property rights are important, but so is relative equality.  Already, top wealthiest 1% possess 40% of the nation’s wealth; the bottom 80% own 7%.  If there are no taxes and no minimum wage, what is to stop wealth inequality from increasing so much that the poor feel the need to steal from the rich to survive?  Even if the poor end up not stealing, the system would break down eventually when the workers required to produce goods died of starvation.  Or maybe things would reach equilibrium when the majority of workers were reduced to serfdom.

  7. GeF

    regulations can make u or break u

  8. RastaJoe

    Exactly

  9. Hunter Markson

    “Its the 1% that controls government!  We need more government!” – The occupy fallacy

  10. kevinbuttrum

    I don’t think its all the rich that are doing these things. Its the power hungry, control freaks, that are doing it. Some of the rich may profit from some of this, but the freaks are getting off on this. Actually the 13 main people, yes I stated 13 people, that are making these things happen are super rich, don’t need any more money, and just want to play with all of us like toy soldiers. Its not at all about money, but control!
  11. supersonicsixteen

    This video doesn’t demonize the rich, it does the reverse.  

  12. supersonicsixteen

    Thanks for your sound thoughts, instead of outrage

  13. Thesyncgamer

    Fallavys.

  14. muppet

    This video needs to be seen by the Anarcho-communists and “libertarian (sic) socialists” of the world. 

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