Chapter

Property: Individualism and ownership

Rachel S. Turner

in Neo-Liberal Ideology

Published by Edinburgh University Press

Published in print February 2008 | ISBN: 9780748632688
Published online March 2012 | e-ISBN: 9780748652792 | DOI: http://dx.doi.org/10.3366/edinburgh/9780748632688.003.0008
Property: Individualism and ownership

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This chapter focuses on the concept of private property in Germany, Britain, and the United States, and on how different national strands of neo-liberalism draw on various intellectual traditions for their inspiration. It looks at the concepts of liberty, individualism, law, and justice in relation to the neo-liberal conception of private property. The chapter examines in detail neo-liberalism's interpretation of different forms of property ownership, in particular in relation to the modern corporation. It claims that the concept of property is fundamental for neoliberals as property forms the foundations of Western civilisation, acts as a basis for negative liberty by restraining the powers of government, and encourages the individual initiative which leads to free-market competition and economic efficiency.

Keywords: Germany; Britain; United States; private property; neo-liberalism; property ownership; modern corporation

Chapter.  9812 words. 

Subjects: Political Theory

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