9 responses to “There is Still Time to Repent”

  1. Gaurav

    This post makes no sense at all in the light of facts of case.

  2. Ritwik

    Even if all that you said is correct, how does that make the case for property rights being the source of ALL other rights? More specifically, did you consider any boundary cases/ inflection points where definitions of property are unclear or perceived to be unjust/immoral?

  3. Ritwik

    Hmm, perceptions causing confusion. For some time I thought you had confused yourself with Amit. Scary thought.

    There are still inflection points to be considered. But some other time.

  4. froginthewell

    I don’t understand – Harvard is a private university, right? And this controversy is about propriety and not rights?

  5. The Examined Life » Blog Archive » Response on Harvard

    [...] Froginthewell says: I don’t understand – Harvard is a private university, right? And this controversy is about [...]

  6. HiAgain

    In this case, the decision making is not devolving to the bottom but to property owners. What is wrong with representatives of the people making decisions? Ideally, the government is the one institution where everyone has an equal stake irrespective of his/her wealth or power. Otherwise, you can always put every issue to referendum, American Idol-style.

  7. HiAgain

    When you talk about owners being in the best position to take decisions you are assuming some idealistic situations and I was comparing my idealistic situation with yours.

    A property owner will look out for his/her interests and interests of her class rather than of everyone in that situation/event/scenario. To use that ugly term, not all “stakeholders” would receive their fair share of hearing in the matter. Even if the property owner gives up some of his/her leverage on the matter, it is because of the threat of revenge from the others through political means or outright violence. Thus it goes back to the same centralized political authority which is best placed to flex political muscle and maintain monopoly on violence that people taking matters into their own hands.

    I would be more worried about the concentration of power into certain classes more than safeguarding property ownership. The latter cannot be maintained if most parts of the wider society no longer consider it legitimate.

    A good example is the housing slump here in the US. People here believe strongly in property rights but the scamming and debt has risen to such levels that the stigma attached with foreclosing of houses is vanishing. People are becoming more accepting of “deadbeats” (I wouldn’t call all of them that because some though not all are victims of outright scams with the others being perpetrators of scams). People are not completing their fiduciary duties and everyone accepts that which was unthinkable just a year back.

    If property owners take selfish decisions (and believe me every class/person will take such decisions if they are offered the opportunity and power to do that), the society as a whole will simply change their value system and delegitimize the ownership.

    You yourself talk about cost-benefit analysis before taking a decision. The costs you talk about include such threats of delegitimization, violence, political revenge through the government and general chaos. I would rather have a mechanism that brings in everyone into the decision-making process early than for the property owner to take the decision by himself/herself factoring in those threats. The problem with the latter mechanism is that once in a while the violence will have to be exercised to do away with complacency on part of the property owners. Violence and death are never good. An orderly and peaceful mechanism is the best. I think we already have such a mechanism and it is the democratic governing system, however flawed it may be.

    Sorry for being repetitive. I want to edit what I have written up but its early morning and I am in a hurry.

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