What causes great societies to rise and then fall?
What causes them to rise is legal recognition of the sanctity of private property and free and open trade. Doubt me? Let’s look at Rome. Roman law was chiseled into marble and granite everywhere. It was written and not arbitrary. When there is fair and equal administration of the law and this law does not impede upon property, the creation of wealth is inevitable. Moreover, so is the concept of happiness. What makes a society happy? Being secure in property and having domain over property is the first step. One is master and ruler over their own property and as such, can improve it, sell it, hypothecate it or simply stare at it and admire it. Such person is motivated to be a kind steward and to improve its value. No one is a better ruler or administrator than the owner. Happiness is destroyed when the powers of government interfere with the natural union of property and its owner. The Founders understood this.
Read Full Article »
